Duke Energy Corp Stock Price, News & Analysis

Duke Energy Foundation has announced $500,000 in new funding to support western North Carolina's recovery following Hurricane Helene. The funding will be distributed as $25,000 grants to 20 local nonprofits focused on long-term recovery efforts.

The grants will support various community needs, including structural repairs, home building and rebuilding, storm debris removal, mental health services, and waterway rehabilitation. Key recipients include the Mountain Strong Yancey and Mitchell County Relief Team, which is repairing private access roads damaged by flooding, and Asheville-based GreenWorks, which is helping property owners remove flood debris who don't qualify for traditional disaster assistance.

Six months post-Hurricane Helene, Duke Energy continues its efforts to rebuild infrastructure and protect grid reliability. The company's electric utilities serve 8.4 million customers across six states, with a significant focus on executing an ambitious energy transition while maintaining customer reliability and value.

Duke Energy (NYSE: DUK) has scheduled the release of its first-quarter 2025 financial results for May 6, 2025, at 7 a.m. ET. The company will host an earnings conference call at 10 a.m. ET the same day, led by CEO Harry Sideris and CFO Brian Savoy.

Duke Energy, a Fortune 150 company, operates electric utilities serving 8.4 million customers across six states and owns 54,800 megawatts of energy capacity. Their natural gas utilities serve 1.7 million customers across five states. The company is currently implementing an energy transition strategy, focusing on electric grid upgrades and cleaner generation, including investments in natural gas, nuclear, renewables, and energy storage.

Duke Energy (NYSE: DUK) has submitted a subsequent license renewal application to the U.S. Nuclear Regulatory Commission for its Robinson Nuclear Plant in Hartsville, S.C., seeking to extend operations for an additional 20 years until 2050. The plant, which began operations in 1971, currently generates approximately 759 megawatts of carbon-free electricity.

The company has invested $1.7 billion in capital upgrades to enhance safety and efficiency at the facility. Robinson Nuclear Plant is part of Duke Energy's nuclear fleet, which provides more than half of the electricity consumed by its Carolinas customers. The federal nuclear production tax credit incentivizes existing plants to operate cost-efficiently, helping to keep customer costs low.

This renewal follows the recent approval of Duke Energy's three-unit Oconee Nuclear Station renewal, with plans to request subsequent license renewals for all 11 operating reactors in their nuclear fleet.

Duke Energy (DUK) is actively responding to historic flooding and storms in the Greater Cincinnati area, where the Ohio River crested at 60 feet Monday morning. The company has successfully restored power to over 70,000 customers affected since Thursday, with current outages reduced to less than 100.

In response to the flooding, Duke Energy has completed approximately 500 natural gas shutoffs in affected areas of Kentucky and Ohio. Amy Spiller, president of Duke Energy Ohio/Kentucky, emphasized the company's commitment to service restoration while urging customers to remain cautious due to potential flash flooding.

The company has implemented comprehensive safety measures, including power restoration protocols and natural gas service management. Customers affected by flooding must have their electrical systems inspected by licensed electricians before power reconnection, and natural gas appliances require professional inspection before service restoration.

Duke Energy (NYSE: DUK) has successfully restored power to over 98% of customers affected by Wednesday's severe weather in Indiana. The company has reduced storm-related outages from nearly 97,000 to approximately 1,000 customers, primarily in Clark and Floyd counties, as of 9 a.m. ET Friday.

The restoration process prioritizes repairing large power lines and infrastructure that will restore service to the maximum number of customers, followed by essential services like hospitals and water facilities. Duke Energy Indiana, the state's largest electric supplier, serves approximately 910,000 customers across a 23,000-square-mile service area with 6,300 megawatts of owned electric capacity.

Duke Energy (NYSE: DUK) has successfully restored power to more than 96% of affected customers in Ohio and Kentucky within 36 hours following severe weather conditions. The company has reduced storm-related outages from over 69,000 to approximately 2,400 customers, primarily in eastern Hamilton and Clermont counties.

The restoration effort prioritizes repairing large power lines and infrastructure to restore service to the maximum number of customers efficiently. Duke Energy continues to monitor weather forecasts for potential heavy rain and flooding that could cause new outages. The company serves 910,000 electric customers and 560,000 natural gas customers in Ohio and Kentucky.

Duke Energy (NYSE: DUK) has successfully restored power to over 31,000 customers in southwest Ohio and Northern Kentucky following severe overnight storms with winds reaching 80-100 mph. As of 11:45 a.m., approximately 30,000 customers remain without power due to damaged infrastructure and downed power lines east of Greater Cincinnati and Northern Kentucky.

The company is bringing in additional line crews from sister utilities and other states to assist with repairs. Amy Spiller, president of Duke Energy Ohio/Kentucky, emphasized their focus on quick and safe service restoration. The company serves 910,000 electric customers across a 3,000-square-mile service area and 560,000 natural gas customers in a 2,650-square-mile area in Ohio and Kentucky.

Duke Energy (DUK) has successfully restored power to over 74,000 customers in Indiana following severe storms with wind gusts of 65-80 mph that caused more than 85,000 power outages. As of 11:45 a.m., approximately 10,500 customers remained without power.

The company is deploying additional crews to expedite restoration efforts, though extended outages are possible in southern Indiana's hardest-hit areas. The storms caused broken poles, downed trees, and infrastructure damage, with flooding hampering restoration efforts in some locations.

Duke Energy Indiana, the state's largest electric supplier, serves about 910,000 customers across a 23,000-square-mile service area with 6,300 megawatts of owned electric capacity. The company is prioritizing repairs to large power lines and critical infrastructure like hospitals and water facilities.

Duke Energy (NYSE: DUK) announced that Harry Sideris has assumed the role of chief executive officer and joined the company's board of directors on April 1, 2025. Sideris, who has served as president since April 2024, succeeds Lynn Good, who is retiring after nearly 12 years as CEO.

A 29-year company veteran, Sideris will oversee an $83-billion five-year capital plan and advance critical infrastructure investments. He will focus on shaping Duke Energy's future by prioritizing safety, operational excellence, shareholder value, and customer service.

The company also announced that Ted Craver, formerly lead independent director, has become chair of Duke Energy's board of directors. Duke Energy serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states, with 54,800 megawatts of energy capacity.