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 Foundation has awarded $190,000 in grants to 17 environmental initiatives in Indiana, focusing on projects aimed at enhancing water quality, conservation, and habitat restoration. This funding is part of a larger commitment, with a total of $946,000 granted over the last five years. Notable projects include the Blue River Community Foundation's $20,000 grant for a linear park and various tree planting initiatives across the state. Duke Energy emphasizes its commitment to environmental stewardship and community engagement.
Duke Energy will announce its third-quarter financial results on Nov. 4, 2021, at 7 a.m. ET, with a news release available on its website. An earnings conference call for analysts will follow from 10 to 11 a.m. ET, featuring CEO Lynn Good and CFO Steve Young. The company serves 7.9 million electric and 1.6 million natural gas customers across several states and aims for a 50% carbon reduction by 2030. Duke Energy is also recognized as a leading renewable energy provider, targeting 16,000 megawatts of renewable capacity by 2025.
Duke Energy Foundation has awarded $425,000 to fund various environmental initiatives in Florida. The investments aim to enhance biodiversity, improve access to science education, and support wildlife conservation. Key projects include releasing 100,000 redfish fingerlings along the west coast to bolster recreational fishing and funding for organizations like Audubon Florida and Clearwater Marine Aquarium to address habitat restoration. The foundation, funded by Duke Energy shareholder dollars, contributes over $30 million annually to community needs.
Duke Energy Foundation has granted almost $500,000 to 16 organizations in South Carolina for wildlife conservation, environmental projects, and educational programs. The funding aims to enhance natural resources and provide educational opportunities, as highlighted by South Carolina president Michael Callahan. Notable grants include $25,000 to Ducks Unlimited for wetland habitat enhancement and $50,000 to Francis Marion University for a mobile field lab. Duke Energy continues to invest in community partnerships for long-term environmental benefits.
Duke Energy (NYSE: DUK) announced a partnership with Google's Nest Renew, aimed at enhancing customer engagement with energy-saving programs through compatible thermostats. This collaboration seeks to support a cleaner energy future by providing customers with innovative solutions to save money and conserve energy. Duke Energy continues to offer competitive rates and reliable service to its 7.9 million customers across several states. The Nest Renew program will roll out an early preview this fall, focusing on boosting renewable energy resources and achieving climate goals.
Piedmont Natural Gas warns customers of anticipated winter bills due to higher natural gas prices and approved rate increases effective Nov. 1. Customers in North Carolina will see an average increase of $11.34 monthly, totaling $136 annually, while South Carolina customers face a $11.00 monthly rise, or $132 yearly. The company emphasizes its commitment to customer support, suspending disconnections for qualifying customers until March 2022 and offering energy-saving resources. Piedmont, a Duke Energy subsidiary, focuses on providing safe, reliable service amid economic challenges.
Duke Energy Ohio has requested a public review from the Public Utilities Commission of Ohio for a rate adjustment totaling approximately $55 million. If approved, this will lead to an average increase of 3.86% for residential customers, remaining below the national average. The adjustments aim to enhance reliability and service through investments in a smart grid and advanced meters. New benefits include a fee-free payment option and dynamic rate plans for energy consumption. Duke Energy also emphasizes its ongoing support for customers facing financial hardships.
Duke Energy Foundation has announced the distribution of $750,000 in grants to support local businesses across North Carolina, marking a 50% increase over the previous $500,000 funding announced in April. The grants will now aid 30 communities instead of 20, helping small businesses recover from pandemic-related challenges. Each awarded community organization will receive $25,000 to establish microgrant programs for local businesses, fostering economic revitalization. The program is inspired by successful initiatives in Downtown Raleigh.
Duke Energy Sustainable Solutions has announced the construction of the 207-megawatt Ledyard Windpower project in Kossuth County, Iowa, marking its first renewable energy venture in the state. A 15-year virtual power purchase agreement with Verizon will secure 180 MW of the generated wind energy. Once operational, the project will boost Duke Energy's U.S. wind capacity to over 3,100 MW, providing energy for more than 72,450 homes. The project is expected to create around 200 jobs during construction and generate significant local tax revenues.
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