Duke Energy Corp Stock Price, News & Analysis

Piedmont Natural Gas has opened its 13th CNG fueling station in Wilmington, North Carolina, enhancing its network of publicly accessible CNG stations. The facility supports CNG-powered vehicles on key coastal highways, featuring four fast-fill fuel pumps and 24/7 accessibility. It aims to support fleet sustainability goals, providing a cost-effective and lower-emission fuel option. CNG, being 90% cleaner than gasoline and diesel, contributes to environmental goals while offering lower prices due to the domestic abundance of natural gas.

Duke Energy Sustainable Solutions has partnered with Brigham Young University-Hawaii to complete a renewable energy system, including rooftop solar, solar carports, and battery storage, capable of generating 6.37 megawatt-hours annually. This project will satisfy approximately 39% of the university's energy needs, potentially saving over $20 million in utility costs over its lifespan. The initiative aligns with Duke Energy's commitment to sustainability and reducing carbon emissions, financing the project through a 20-year power purchase agreement.

Duke Energy urges customers to prepare for the upcoming hurricane season, which runs from June 1 to November 30, 2022. The NOAA forecasts an active season with 14 to 21 named storms, including 6 to 10 hurricanes, emphasizing the importance of readiness. The company has made grid improvements and developed a comprehensive storm response plan to reduce outages and ensure faster restoration of service. Duke Energy also encourages customers to create emergency plans and provides resources for storm preparation and outage reporting.

Duke Energy Florida has launched its first utility-scale solar power plant in Bay County, known as Sandy Creek. This 74.9 MW facility, built on 625 acres, can power approximately 23,000 homes at peak production. The project is part of Duke Energy's goal to provide 700 MW of clean energy through 10 solar facilities by the end of 2022. With a total investment exceeding $2 billion, the company aims to deliver around 1,500 MW of emission-free generation from 25 solar plants by 2024, contributing to Florida's renewable energy transition.

Duke Energy, based in Charlotte, N.C., assures customers of sufficient resources to meet energy needs amid rising temperatures. The company offers practical energy-saving tips, such as changing air filters, adjusting thermostats, and using smart meters to track usage. Customers can receive usage alerts and set budget alerts for better financial management. Duke Energy is committed to a clean energy transition with goals for net-zero methane emissions by 2030 and carbon emissions by 2050. The company serves 8.2 million electric customers across several states.

Duke Energy has filed its proposed Carolinas Carbon Plan with the North Carolina Utilities Commission aimed at achieving a 70% carbon dioxide emissions reduction by 2030 and carbon neutrality by 2050. The plan incorporates a diverse energy mix, including solar, wind, and energy storage, while addressing affordability and reliability for customers. The average annual bill impact from the plan is expected to range from 1.9% to 2.7% through 2035. The plan's development involved feedback from over 500 stakeholders, and Duke Energy aims to retire remaining coal plants by 2035.

Duke Energy Renewables Wind, LLC has secured a provisional lease for OCS-A 0546 in the Carolina Long Bay offshore wind auction, allowing for up to 1.6 gigawatts of offshore wind energy by 2032, enough to power nearly 375,000 homes. This lease supports Duke's goals of 70% carbon reduction by 2030 and net-zero emissions by 2050. The company will file its carbon plan on May 16, and site assessments could begin in 2023 pending regulatory approval, aligning with a potential project timeline of 2030-2032.

Duke Energy Florida has donated $75,000 to the University of Central Florida (UCF) to enhance programs for engineering and computer science students. This contribution, which builds on a previous $75,000 grant, will support initiatives like the Engineering Leadership and Innovation Institute and Senior Design Boot Camps. This donation is part of Duke Energy's longstanding commitment to UCF, totaling over $5 million in support. UCF is a leading provider of engineers in the U.S., serving key industries such as aerospace and healthcare.

Duke Energy (NYSE: DUK) announced its first-quarter 2022 financial results on May 9, 2022. The company serves 8.2 million electric customers across multiple states and aims for significant clean energy goals, including net-zero carbon emissions by 2050. Duke Energy is also investing in grid enhancements and zero-emission technologies. The financial updates will be discussed in an investor presentation at 10 a.m. ET, accessible via their website. A recording will be available the following day.