Welcome to our dedicated page for Duke Energy news (Ticker: DUK), a resource for investors and traders seeking the latest updates and insights on Duke Energy stock.
Duke Energy Corporation reports developments tied to one of the largest regulated utility platforms in the United States. The company operates electric utilities serving customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and natural gas utilities in North Carolina, South Carolina, Ohio and Kentucky.
Recurring news themes include quarterly financial results, common and preferred stock dividends, electric grid modernization, generation investments, customer cost initiatives, and regulatory approvals affecting power plants and utility service. Company updates also cover nuclear generation, natural gas and other resource additions, federal and state regulatory matters, and Duke Energy Foundation community programs in the utility territories it serves.
Duke Energy announced its Renewable Advantage program, enabling North Carolina customers to enhance their energy sustainability for just $3 extra per month. This fee supports the generation of 250 kWh blocks of renewable energy, primarily solar. The initiative, expected to generate 95% solar and 5% biomass energy, allows customers to customize their energy mix while contributing 50 cents from each block purchased to the NC GreenPower's Solar+ Schools program, benefiting local schools and promoting renewable energy education.
Piedmont Natural Gas, a subsidiary of Duke Energy, announced additional measures to support customers facing financial challenges due to COVID-19. This includes suspending disconnections and late fees, as well as offering online tools for payment arrangements. The company donated $6 million for COVID-19 relief across several states, including Florida and North Carolina. As recovery begins, Piedmont will resume billing practices and provide assistance options to help customers manage their energy costs effectively.
Duke Energy and Piedmont Natural Gas announced enhanced assistance for customers facing financial difficulties due to COVID-19. They are extending support measures, including suspending disconnections and fees while contributing $6 million to relief efforts across several states. Customers will receive online tools for payment arrangements and guidance for small businesses. Standard billing practices will resume based on local guidance, with prior notifications given to customers. The companies aim to offer consistent care as the economy reopens, emphasizing support for those in need.
Piedmont Natural Gas emphasizes safety tips for customers amid severe weather flooding natural gas meters and appliances. Key advice includes:
- Do not work on natural gas meters or appliances
- Call Piedmont for professional assessment
If a gas leak is suspected, evacuate immediately and call 911. Piedmont, a subsidiary of Duke Energy, serves over 1 million customers across North Carolina, South Carolina, and Tennessee, focusing on natural gas distribution and safety.
Duke Energy has awarded over $220,000 in grants to support 15 workforce development programs across nine counties in Indiana. These grants aim to address skill gaps within the community and enhance educational opportunities. Notable grants include $15,000 to the Heartland Career Center for adult training, $19,900 to the Community Education Coalition to expand work-based learning, and $25,000 to Bona Vista Programs for pre-employment transition services. The Duke Energy Foundation contributes over $30 million annually to community programs funded by shareholder dollars.
Duke Energy has launched the "Hire North Carolina" program aimed at promoting economic development and supporting local communities. This initiative focuses on utilizing locally owned and diverse contractors for utility projects exceeding $700,000 in North Carolina. In 2019, Duke invested over $1.7 billion with local suppliers, including $316 million with diverse businesses. The program includes outreach to educational institutions to raise awareness about career opportunities in energy and construction fields. Duke Energy is committed to transparency by providing annual progress reports to the North Carolina Utilities Commission.