Duke Energy Corp Stock Price, News & Analysis

Duke Energy (NYSE: DUK) has secured a $22 million utility energy services contract to design and build a microgrid at Marine Corps Base Camp Lejeune. This project includes a 5 MW natural gas generation system, a 5.4 MW battery energy storage system, and upgraded electrical infrastructure aimed at enhancing energy resiliency. Funded by the Energy Resilience Conservation Investment Program, this initiative will bolster the base's electrical capabilities to withstand power outages due to weather-related events.

Duke Energy Florida is preparing for potential power outages caused by Tropical Storm Nicole by staging approximately 5,000 workers throughout the state. Crews from various states will assist in restoration efforts once conditions allow. The storm is expected to impact areas still recovering from Hurricane Ian, prompting Duke Energy to monitor resources closely. Customers are advised to prepare for outages and stay informed through various communication channels. The company aims to provide timely updates on power restoration efforts.

Duke Energy (DUK) is preparing for potential impacts from Subtropical Storm Nicole in Florida, urging customers to take precautions. The storm may lead to significant power outages due to damaging winds and heavy rain. Crews and resources are strategically positioned across Florida to ensure prompt response and power restoration. Duke Energy has invested in smart, self-healing technologies that aided in restoring over 160,000 outages during Hurricane Ian. The company aims to enhance self-healing capabilities from 59% to 80% of its customers within the next few years.

Duke Energy announced Kendal Bowman as the new North Carolina state president, effective January 1, succeeding Stephen De May, who retires after 33 years. Bowman, with Duke Energy since 1999, has managed regulatory affairs and policy and will lead the company’s utility operations in North Carolina, which serves 3.7 million electric and 786,000 natural gas customers. The firm is focused on a clean energy transition, aiming for net-zero carbon emissions by 2050. Duke Energy boasts a workforce of 28,000 and serves about 8.2 million customers across several states.

Duke Energy has appointed Abby Motsinger as vice president of Investor Relations effective Nov. 16, and Sharene Pierce as vice president and chief diversity officer effective Dec. 1. Motsinger, previously director of jurisdictional forecasting, will lead investor relations and strategic communications. Pierce will develop strategies for diversity and inclusion, succeeding Cameron McDonald. Both bring extensive experience and leadership skills to their new roles, highlighting the company’s commitment to clean energy transition and operational excellence.

Duke Energy (NYSE: DUK) released its third-quarter 2022 financial results on Nov. 4, 2022. The company serves 8.2 million electric customers across seven states and aims for net-zero carbon emissions by 2050. The financial results are available on their investors' section. Duke Energy's presentation includes insights from CEO Lynn Good and CFO Brian Savoy. The company is recognized in Fortune's "World's Most Admired Companies" and Forbes' "World's Best Employers" lists.

Duke Energy Foundation has awarded over $2.8 million in workforce development grants for 2022, including more than $1.4 million to 22 community colleges, aimed at training future lineworkers. Significant funds include a $500,000 grant to Central Piedmont Community College. This initiative is part of Duke Energy's strategy to enhance diversity and create a skilled workforce for the energy sector. The company emphasizes the growing need for trained lineworkers in its transition to clean energy and aims to ensure access to education and job opportunities in local communities.

Duke Energy Florida has allocated over $545,000 in economic development grants to 26 organizations in Florida, supporting local initiatives to enhance economic growth. The funding, provided by the Duke Energy Foundation, aims to strengthen community businesses and quality of life. Notable recipients include the University of Central Florida Research Foundation and the Pasco Economic Development Council. Since 2013, Duke Energy has contributed nearly $3 million to similar causes, illustrating its commitment to fostering vibrant economies in the state.