Duke Energy Corp Stock Price, News & Analysis

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.

Duke Energy Florida and Coastal Conservation Association Florida (CCA Florida) have signed a new collaborative agreement to continue environmental protection efforts in Florida. Duke Energy is providing an additional $100,000 to support CCA Florida's conservation initiatives.

The partnership, which began in 2017, has achieved significant milestones through Duke Energy's Crystal River Mariculture Center, including the release of over 5.3 million fish and crustaceans along Florida's coast and the planting of 40 million clams in the Indiana River Lagoon. The center has also planted more than 100,000 eelgrass, mangroves, and marsh grass.

The renewed agreement focuses on restocking fish species, habitat restoration, and protecting Florida's natural resources, demonstrating both organizations' commitment to environmental stewardship and sustainable marine ecosystems.

Duke Energy (DUK) has set a new preliminary combined utility system usage record of 37,387 MWh on January 23, 2025, surpassing the previous record of 36,670 MWh from February 20, 2015. This milestone occurred during an extended period of freezing temperatures in the Carolinas service area, which experienced about 65 hours of freezing or below freezing temperatures starting January 20, 2025.

The company successfully managed the record-breaking power usage while maintaining reliable service to customers. Duke Energy relies on a diverse energy mix including nuclear, natural gas, hydro renewables, and coal to meet growing energy needs. The company has provided customers with various energy-saving tips and solutions, including thermostat management, water heater settings, and proper use of ceiling fans, to help manage energy consumption and costs during cold weather periods.

Duke Energy (NYSE: DUK) is actively managing its power grid during prolonged freezing temperatures, with customer demand expected to peak on Thursday across the Carolinas. The company is implementing a comprehensive plan that includes operating all available generating assets, offering customer energy-saving programs, and purchasing additional power when needed.

The company's preparation involves maintaining power generating assets, real-time analysis, and grid strengthening. While Duke Energy has voluntary programs for residential and business customers to reduce energy consumption in exchange for incentives, it hasn't requested voluntary reductions this week.

To help customers manage energy costs during cold weather, Duke Energy recommends several efficiency measures, including: reducing thermostat settings, setting water heaters to 120 degrees or less, utilizing natural sunlight for warming, operating ceiling fans clockwise, and properly insulating windows. The company serves 8.4 million electric customers across six states and is pursuing a clean energy transition with goals of net-zero methane emissions by 2030 and net-zero carbon emissions by 2050.