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 (NYSE: DUK), a leading U.S. energy provider, maintains this comprehensive news resource for stakeholders seeking official updates and strategic developments. Our curated collection features timely press releases, regulatory filings, and operational announcements directly from Duke Energy and verified sources.
Investors and industry professionals will find essential updates including quarterly earnings reports, infrastructure investment plans, renewable energy initiatives, and regulatory compliance matters. The repository serves as a reliable reference for tracking the company's progress in grid modernization, natural gas distribution improvements, and clean energy transitions.
All content is organized to facilitate quick access to critical information about service territory expansions, rate case decisions, and sustainability commitments. Bookmark this page for streamlined monitoring of Duke Energy's operational milestones and strategic positioning within the evolving utilities sector.
Duke Energy Carolinas has proposed a rate review to the North Carolina Utilities Commission to enhance its electricity grid, focusing on reliability and cleaner energy sources. This $4.2 billion investment over three years will significantly improve grid infrastructure, with 75% allocated to upgrades resistant to severe weather. The plan includes gradual rate increases totaling 15.7% by 2026, starting with an estimated $12.54 increase for typical residential customers in 2024. Duke Energy aims to leverage federal funds to keep rates competitive while implementing energy efficiency programs and assistance for vulnerable customers.
Duke Energy Sustainable Solutions has commenced operations on the 207-megawatt Ledyard Windpower project in Iowa, powered by a 15-year virtual power purchase agreement with Verizon for 180 MW. This initiative could provide power to approximately 75,000 homes and created around 200 jobs during construction. The project will enhance local economies through tax revenues and payments to landowners. Additionally, Duke Energy awarded a $60,000 grant to support the Ledyard Fire Department. This marks Duke's inaugural venture in the Iowa wind market, contributing positively to their renewable energy portfolio.
Duke Energy Sustainable Solutions (DESS) has acquired the Pike Solar project in Colorado, aimed at providing 175 megawatts of renewable energy to Colorado Springs Utilities. Covering about 1,310 acres and featuring over 414,000 solar panels, this facility will generate enough electricity to power approximately 46,300 homes. Under a 17-year agreement, Colorado Springs Utilities will purchase the generated electricity. The project is anticipated to employ 350 workers at peak construction and is on track for commercial operation by late 2023. This acquisition underscores DESS's commitment to expanding its renewable energy portfolio.
Duke Energy's Outdoor Lighting team is innovating to protect sea turtle hatchlings by reducing artificial light distractions along Florida's beaches. Their solution, the Narrow Band Amber LED fixture, will guide turtles towards the ocean instead of hazardous areas. Installed in Treasure Island in 2021, this technology has garnered positive feedback from local officials and aims to enhance both driver safety and turtle conservation. As more fixtures are deployed throughout Florida and into the Carolinas, Duke Energy is improving relationships with environmental advocates while fostering better nesting habitats for turtles.
Duke Energy Progress has secured a comprehensive agreement with various parties in South Carolina regarding its rate review request. If approved, the agreement will result in a $10.95 monthly increase for the typical residential customer using 1,000 kWh, with a total increase of $52 million—41% less than the initially requested $89 million. This agreement also addresses coal ash basin closure costs and allows for a 9.6% return on equity. The decision supports the company’s efforts to enhance reliability and customer experience.
Duke Energy Sustainable Solutions (DESS) has commenced operations on the 207-megawatt Ledyard Windpower project in Kossuth County, Iowa, marking its entry into the Iowa market. The project, co-developed with Amshore Renewable Energy, will produce enough renewable energy to power 75,000 homes and created around 200 jobs during construction. Verizon Communications has entered a 15-year virtual power purchase agreement for 180 MW from this project, aligning with its net-zero emissions goal by 2035. Additionally, DESS supports the Ledyard Fire Department with a $60,000 grant.
Duke Energy will release its fourth-quarter and year-end 2022 financial results on February 9, 2023, at 7 a.m. ET. An earnings conference call will follow at 10 a.m. ET, hosted by CEO Lynn Good and CFO Brian Savoy. The call can be accessed on their investors' section. Duke Energy, serving 8.2 million customers, aims for a 50% carbon reduction by 2030 and net-zero emissions by 2050. The company was recognized in Fortune's and Forbes' esteemed lists for 2022.
Duke Energy (NYSE: DUK) announced a quarterly cash dividend of $1.005 per share, payable on March 16, 2023, to shareholders recorded by February 17, 2023. Additionally, dividends on Series A and Series B preferred stocks were declared, amounting to $359.375 and $24.375 per share, respectively, also payable on the same date. The company has maintained a consistent cash dividend for 97 consecutive years, reflecting its commitment to shareholder returns and financial stability.
FAQ
What is the current stock price of Duke Energy (DUK)?
What is the market cap of Duke Energy (DUK)?
