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 is set to release its fourth-quarter and year-end financial results on February 11, 2021, at 7 a.m. ET. The results will be available on the company's investors' webpage. An earnings call for analysts will follow from 10 to 11 a.m. ET on the same day, where the company will present its 2021 adjusted earnings per share guidance and other financial updates. Duke Energy serves 7.8 million electric customers across six states and has a generating capacity of 51,000 megawatts.
Duke Energy Renewables has acquired the 144-MWac Pflugerville Solar project from Recurrent Energy (a Canadian Solar subsidiary) as part of its expansion in Texas. The project, located in Travis County, is under construction and expected to commence operations by mid-2021. It includes a 15-year power purchase agreement with Austin Energy, contributing to the utility’s renewable energy goals. This acquisition marks the fifth project Duke has taken on from Recurrent Energy, enhancing its commitment to doubling renewable resources by 2025.
Duke Energy has declared a quarterly cash dividend of $0.965 per share for its common stock, payable on March 16, 2021, to shareholders of record by February 12, 2021. Additionally, a dividend of $359.375 per share will be paid on its Series A preferred stock, and $24.375 per share for Series B preferred stock, both on the same date. Notably, Duke Energy has maintained a cash dividend on its common stock for 95 consecutive years, underscoring its commitment to shareholders.
Duke Energy has appointed Jack Sullivan as the new vice president of Investor Relations, effective January 4, 2021. Sullivan, who previously served as the director of corporate finance and investments, will succeed Bryan Buckler. He brings over 20 years of experience in corporate development and finance, having helped the company raise over $45 billion for its clean energy strategy. Duke Energy aims for net-zero carbon emissions by 2050 and continues to modernize its energy infrastructure while expanding natural gas operations.
Duke Energy is assisting families facing financial difficulties during the winter due to the COVID-19 pandemic. The company has contributed over $22 million in heating assistance across six states in five years. Programs include Share the Warmth in the Carolinas, Energy Neighbor Fund in Florida, and Helping Hand in Indiana, among others, with a dollar-for-dollar contribution match up to $500,000. Customers can donate directly to these programs, which aim to ensure that no household remains cold this winter.
Duke Energy responds positively to the North Carolina Supreme Court's ruling, affirming the prudence of its coal ash management practices, essential for providing reliable electricity. The court backed the North Carolina Utilities Commission's decision, allowing cost recovery linked to coal ash management. Duke Energy emphasizes that North Carolina electric rates remain below the national average and will continue efforts to keep rates low. The company anticipates further clarification on a remanded issue from the ruling.
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Duke Energy has allocated over $460,000 to assist its Indiana customers struggling to pay their electric bills this winter, contributing to a total of more than $600,000 for 2020. The funding includes corporate contributions and customer donations, addressing the economic hardships faced due to the pandemic. Customers may receive up to $300 in assistance through the Indiana Community Action Association and the Energy Assistance Program. Duke Energy emphasizes the need for support this winter, with a focus on energy-saving tips to help customers manage their costs.
Duke Energy Renewables has partnered with Sutton Avian Research Center to install a second bald eagle nest camera in Oklahoma, enhancing wildlife education and research. The company granted $37,500 to the Sutton Center, known for its avian conservation efforts, including the significant restoration of Oklahoma's bald eagle population. Duke's Frontier Windpower II project, nearing completion, is set to generate 550 MW of wind energy, promoting renewable energy while implementing eagle protection measures through advanced technology. This initiative aligns with Duke Energy's commitment to sustainable practices in wildlife conservation.
Duke Energy has partnered with Siemens Energy and Clemson University to research hydrogen as an energy storage solution and low-carbon fuel source at the university's combined heat and power plant. The U.S. Department of Energy awarded Siemens Energy a $200,000 grant for this initiative, known as H2-Orange, set to begin in March 2021. The study will explore various hydrogen production methods, including green hydrogen. Duke Energy aims to reduce its carbon footprint and enhance cost-effectiveness in energy production, aligning with its net-zero carbon goal by 2050.