Grants will support 15 economic development organizations working to attract businesses to the state ST. PETERSBURG, Fla., Aug. 29, 2024 /PRNewswire/ -- The Duke Energy Foundation is investing $200,000 in grants to support 15 economic development organizations working to attract business to the state and bolster Florida's vibrant economy. "Companies often consider establishing, expanding or relocating their operations to Florida because of the state's economic strength," said Melissa Seixas, Duke Energy Flo ...

Falling fuel prices result in lower customer rates Bill for typical residential customer will be 23% below national average CHARLOTTE, N.C., Aug. 28, 2024 /PRNewswire/ -- Duke Energy Carolinas customers in North Carolina will see their electric rates fall starting Jan. 1 as part of an annual adjustment for the cost of fuel used to generate electricity at its power plants. A typical residential customer in North Carolina using 1,000 kilowatt-hours (kWh) per month will see an overall decrease of $5.17, or abo ...

ST. PETERSBURG, Fla. and TAMPA, Fla., Aug. 27, 2024 /PRNewswire/ -- While restoration is a critical part of Duke Energy Florida's and Tampa Electric's everyday work and hurricane response plans, this is the first time the two local utilities have combined resources to protect Tampa Bay's ecosystems and increase environmental resilience within the region. Today, more than 40 volunteers, employees and environmental experts from Duke Energy Florida, Tampa Electric, Coastal Conservation Association (CCA) Florid ...

CINCINNATI, Aug. 27, 2024 /PRNewswire/ -- With temperatures soaring across the Midwest this week, Duke Energy has tips to help you take control of your energy use while keeping you and your family cool. High temperatures can lead to higher energy usage and higher bills as Duke Energy customers try to stay cool. To help manage costs and to reduce overall energy demand, particularly during the afternoon hours when usage tends to peak, customers can follow these simple tips: Set your thermostat at the highest ...

Core Points - The Florida Public Service Commission approved Duke Energy Florida's multiyear rate agreement, which is expected to result in a 5% savings on typical residential electric bills by January 2025 compared to December 2024 [1][2] - The agreement allows for an average annual bill increase of 2% over three years, but the expiration of certain costs by the end of 2024 will lead to lower customer bills in 2025 [4] - Duke Energy Florida aims to invest in reducing outages, improving response times, and increasing clean energy generation while serving 2 million customers [3][6] Company Overview - Duke Energy Florida, a subsidiary of Duke Energy, has an energy capacity of 12,300 megawatts and serves a diverse customer base across a 13,000-square-mile area in Florida [6] - Duke Energy is one of America's largest energy holding companies, serving 8.4 million customers across multiple states and owning a total capacity of 54,800 megawatts [7] - The company is committed to a clean energy transition, targeting net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050 [8]

New facility will provide additional training location to teammates that play a key role in upgrading and maintaing critical power grid infrastructure across Florida ST. PETERSBURG, Fla., Aug. 20, 2024 /PRNewswire/ -- Today, Duke Energy joined community leaders in Sumter County to celebrate the groundbreaking of the company's new Wildwood Training Center, a state-ofthe-art facility that will support the teams and systems that play a vital role in powering Florida communities. The announcement event included ...

D-Keine There have been several recent articles describing utility firm Duke Energy (NYSE:DUK) as an unattractive long-term defensive investment. However, within the overriding investment attributes of geographic diversity, favorable regulatory oversight by the gatekeepers of utility profitability, and a reasonable growth profile, Duke Energy should be considered as a high quality, core utility holding worthy of investor's capital at any point throughout the economic cycle. My recommendation is for non-shar ...

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It's a virtual lock: The Federal Reserve WILL be cutting interest rates soon. The only questions on Wall Street are "When?" and "By how much?" Investors who are looking to keep generating healthy income even as yields fall DO have options. This week's bundle of MoneyShow articles covers some stocks and strategies that will help you out. Kelly Green Dividend Digest I've seen countless articles trying to spot patterns and make arguments on how to handle your portfolio during an election year. It's the big que ...

Duke Energy partnership with community development organizations will provide grants to help small businesses expand CHARLOTTE, N.C., Aug. 15, 2024 /PRNewswire/ -- The Duke Energy Foundation today announced $700,000 of new funding will be made available to North Carolina small businesses in partnership with community development organizations. Small business grants ranging from $1,000 to $5,000 will be distributed through 20 community organizations to support retail shops, restaurants and other small busine ...