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) generates a steady stream of news as a Fortune 150 energy holding company with major regulated electric and natural gas utilities. This page aggregates coverage of Duke Energy’s announcements, allowing readers to follow developments affecting its multi-state operations in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, as well as its natural gas utilities in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
News about Duke Energy frequently highlights investments in electric grid upgrades, cleaner generation and customer affordability. Recent company communications describe targeted infrastructure projects in Florida that expand solar capacity, upgrade natural gas power plants, harden the grid against storms and deploy self-healing technology, with reported savings of more than $1 billion in energy costs for customers. Other updates detail changes to storm cost recovery charges and bill impacts in response to hurricanes and regulatory decisions in the Carolinas and Florida.
Investors and observers can also track Duke Energy’s progress on the energy transition through news on nuclear and advanced technologies. Examples include the DeBary Hydrogen Production Storage System in Florida, capable of producing, storing and using green hydrogen, and large battery energy storage systems at former coal plant sites in the Carolinas. Regulatory and financial news items cover rate cases, performance-based regulation proposals, production tax credit mechanisms, and scheduled earnings releases and conference calls.
Community and philanthropic initiatives are another recurring news theme, such as America250 grants from the Duke Energy Foundation and employee-driven community investments. By following Duke Energy news, readers can monitor operational decisions, regulatory outcomes, infrastructure projects, customer programs and community support efforts that shape the company’s role in the U.S. utilities sector.
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.
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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.
Duke Energy has committed an additional $200,000 to assist Indiana customers struggling with energy bills, allowing qualifying households to receive up to $300 annually. This assistance is part of the Share the Light Fund, which has already aided nearly 1,700 households with over $378,000 in support this year. The company encourages customers to apply for the Indiana Low Income Home Energy Assistance Program (LIHEAP), which opened on Oct. 3. Various tools, such as Budget Billing and installment plans, are available to help manage costs.
Duke Energy is allocating $600,000 to assist Florida residents struggling with higher living costs, complementing a previous $100,000 donation. This funding will support ten local assistance programs, including 2-1-1 Tampa Bay Cares and Heart of Florida United Way, providing help for utility bills, housing, and food. The company emphasizes its commitment to aiding customers during economic hardship, with a focus on community collaboration to enhance relief efforts.
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