Duke Energy Corp Stock Price, News & Analysis

Duke Energy (DUK) is preparing for an approaching winter storm that could bring a mix of snow and ice, potentially causing power outages in some regions. The company emphasizes its readiness to respond to outages and highlights its grid improvement efforts, including self-healing technology that helped avoid over 1.2 million customer outages in the Carolinas in 2024.

The company outlines multiple ways for customers to report outages, including text messaging, mobile app, website, and phone. Duke Energy also provides comprehensive safety reminders and energy-saving tips for customers during cold weather, such as thermostat management and proper maintenance of heating systems.

The utility company serves 8.4 million electric customers across six states and 1.7 million natural gas customers across five states. Duke Energy is actively pursuing a clean energy transition, aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

Duke Energy Florida is celebrating Engineers Week (Feb. 16-22, 2025) by highlighting the important role of power grid dispatchers who serve as the 'eyes in the sky' of the power grid serving over 2 million customers across 35 counties.

Becoming an associate power grid dispatcher at Duke Energy Florida's Distribution Control Center (DCC) requires extensive training, including nearly two years of classroom and on-the-job experience. Dispatchers work in 12-hour rotating shifts, providing 24/7 coverage, communicating with line crews, and operating complex computer systems to maintain power flow and reduce outages.

These professionals are essential for maintaining crew safety and ensuring reliable service. The position typically requires electrical engineering degrees or utility line work experience. Duke Energy Florida, a subsidiary of Duke Energy (NYSE: DUK), owns 12,300 megawatts of energy capacity and serves customers across a 13,000-square-mile service area in Florida.

Duke Energy (NYSE: DUK) has released its fourth-quarter and full-year 2024 financial results. The Fortune 150 company will host an investor presentation on February 13, 2025, at 10 a.m. ET to discuss the results and provide business updates.

The company serves 8.4 million electric utility customers across six states and 1.7 million natural gas customers across five states. Duke Energy owns 54,800 megawatts of energy capacity and is currently executing an energy transition strategy focused on grid upgrades and cleaner generation, including investments in natural gas, nuclear, renewables, and energy storage.

Duke Energy Florida is addressing increased energy usage from January's extreme winter weather by offering various customer support resources. Despite lowering rates by nearly $10 in January, customers may face higher bills due to increased heating demands. The company is providing multiple assistance programs including: Home Energy Checks, Home Improvement Rebate Programs, Income-Qualified Weatherization Program, and the EnergyWise® Home Program.

Weather data shows significant temperature drops across Florida regions: Tallahassee experienced 8.5°F colder temperatures than December, leading to 79% more heating energy usage; Orlando was 7.5°F colder, resulting in 145% higher heating energy use; and St. Petersburg was 6.8°F colder, causing a 187% increase in heating energy consumption compared to December.

Duke Energy (NYSE: DUK) has announced a $200,000 grant initiative to support South Carolina's aging population through 20 nonprofit organizations. Each organization will receive $10,000 to enhance their infrastructure and expand services. This funding is part of a continued commitment to senior programs, with over $300,000 distributed in the past two years.

The grants will support various services including Meals on Wheels programs, home repairs, and wheelchair ramp construction across multiple counties. This follows previous initiatives including $20,000 grants to 15 nonprofits in 2023 for home repairs, and $100,000 in grants to 13 organizations in 2024 for home ramp programs.

The Duke Energy Foundation, funded by shareholders, provides more than $30 million annually in philanthropic support. The company serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states, and is working toward net-zero emissions goals by 2030 for natural gas and 2050 for electricity generation.

Duke Energy Florida (DUK) is offering free Home Energy Check for residential customers and Business Energy Check for commercial customers to help them manage energy costs following a colder-than-usual winter. These assessments can be completed online, by phone, or in person, providing customers with detailed energy usage reports and efficiency recommendations.

Residential customers can receive energy efficiency kits every two years and may qualify for rebates up to $1,700 for home improvements including attic insulation, duct repairs, and HVAC upgrades. Commercial customers can access business-specific rebates for energy efficiency projects such as chiller systems and heat pump installations.

Duke Energy Florida serves 2 million customers across a 13,000-square-mile service area, with 12,300 megawatts of energy capacity. The company also offers additional assistance through programs like the Weatherization Program and Share the Light Fund® for customers in need.

Duke Energy (NYSE: DUK) has been named one of Fortune magazine's World's Most Admired Companies for 2025, marking its eighth consecutive year on the list. The company ranked among the top four gas and electric utilities for the fourth straight year.

Key achievements in 2024 include:

• Smart technology helped avoid 2.3 million customer outages, saving 11 million hours of outage time
• Currently serving 60% of customers with self-healing technology, aiming for 80% coverage
• Invested over $22 million since 2019 in disaster preparedness and response
• Projecting 1.5% to 2% annual load growth through 2028

The company serves 8.4 million electric customers and 1.7 million natural gas customers across six states. Duke Energy is pursuing ambitious clean energy goals, including net-zero methane emissions from natural gas by 2030 and net-zero carbon emissions from electricity generation by 2050.

Duke Energy Florida has successfully completed its Clean Energy Connection initiative, delivering on its commitment to provide nearly 750 megawatts of solar generation in Florida. The company has operationalized all 10 solar energy sites across the state, from Bay County to Hardee County.

Each 74.9-megawatt site can power approximately 23,000 homes and will reduce the use of traditional fuels significantly. The project created over 1,500 temporary jobs during construction and contributes substantial tax revenue to local counties.

The initiative allows customers to subscribe to support solar energy production and earn credits on their electricity bills. Duke Energy Florida now operates more than 25 solar sites producing almost 1,500 megawatts of emission-free generation. The company plans to add 12 new solar sites between 2025-2027, contributing another 900 megawatts, with a projected addition of at least 450 megawatts annually for the next decade.

Duke Energy (NYSE: DUK) has announced a new $500,000 grant opportunity to support organizations leading long-term recovery efforts in western North Carolina following Hurricane Helene. Eligible organizations can apply for grants up to $25,000 through Feb. 17, 2025.

This initiative builds upon Duke Energy's previous $2.2 million commitment for disaster relief, rebuilding, and readiness efforts in North Carolina. The Duke Energy Foundation, funded by shareholders, provides over $30 million annually in philanthropic support.

Duke Energy serves 8.4 million electric utility customers across six states and 1.7 million natural gas customers across five states. The company is pursuing clean energy goals, including net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.