Duke Energy Corp Stock Price, News & Analysis

Duke Energy has responded to the North Carolina Utilities Commission's (NCUC) recent order regarding its carbon plan, a mandate under state law. The plan, initially proposed in May 2022, will be updated every two years, with a new proposal due by September 1, 2023. Duke Energy's statement emphasized progress in transitioning to clean energy, having retired two-thirds of its coal plants and achieved a 40% reduction in emissions since 2005. The company supports a balanced approach to resource planning, aiming for net-zero carbon emissions by 2050.

Duke Energy has credited customer energy conservation for maintaining power supply during a peak demand period due to extreme cold temperatures. The company requests continued conservation measures until 10 a.m. on December 26 to avoid potential rotating outages. With businesses reopening, an increase in demand is expected. Duke Energy has experienced outages from high winds and cold temperatures but is optimistic about avoiding further interruptions through customer efforts. The company provides guidelines for reducing energy consumption during high-demand periods.

Duke Energy reported significant disruptions in power service due to extreme cold weather and high energy demand, affecting approximately 500,000 customers in the Carolinas. The company implemented rotating outages to maintain grid stability and is actively restoring power after a high-wind event caused additional outages for 40,000 customers. Customers are urged to conserve energy to avoid further outages, particularly during the cold snap. Duke Energy's operations serve over 8.2 million customers across multiple states and own 50,000 megawatts of energy capacity.

Duke Energy reports tight electricity supplies due to extreme cold weather on December 24, 2022. The utility urges customers to conserve energy and is implementing load shedding to manage demand. Outages will be temporary and rotate among customers, expected to last until at least 9 a.m. today. Duke Energy is actively working to restore power following disruptions from a wind storm. The company serves 8.2 million customers across several states and is focused on a clean energy transition, aiming for net-zero carbon emissions by 2050.

Duke Energy has requested its customers to reduce energy consumption for the next 24 hours due to extreme temperatures causing high energy demand in the Carolinas. Customers are advised to lower thermostat settings, avoid using large appliances during peak times, and shift non-essential activities to late evening hours. Duke Energy serves 8.2 million customers across several states and is on a path to achieve net-zero carbon emissions by 2050, with interim targets for 2030 and 2040. The company is investing in clean energy and grid enhancements.

Duke Energy is preparing for a winter storm expected to cause power outages in southwest Ohio and Northern Kentucky from late Thursday through Friday evening. The combination of high winds and below-freezing temperatures poses risks to power lines and increases demand on the electric grid. Duke Energy crews, including lineworkers and damage assessors, are on standby to restore power swiftly. Customers are advised to prepare for potential extended outages and maintain emergency plans for vulnerable family members.

Duke Energy is preparing for a severe winter weather system expected to hit the Carolinas, potentially causing power outages due to high winds and freezing temperatures. The company is mobilizing lineworkers and damage assessors to respond quickly. Customers are advised to be proactive in managing potential outages, including preparing emergency kits and having communication plans. Duke Energy emphasizes its commitment to reliable energy through its diverse energy mix while transitioning to cleaner energy sources. They are also focused on enhancing grid infrastructure.

Duke Energy has announced over $750,000 in grants supporting 24 nonprofits and government agencies across North Carolina to enhance emergency preparedness and recovery from severe weather. These funds will provide training, life-saving equipment, and essential tools for local first responders. Stephen De May, Duke Energy's NC president, emphasized the importance of community preparedness following significant storms in recent years. The initiative aims to strengthen local capacities, ensuring quicker recovery for 10.5 million North Carolinians.