CHARLOTTE, N.C., Jan. 8, 2024 /PRNewswire/ -- Duke Energy is monitoring and preparing for a severe weather system expected to move through the Carolinas Tuesday that could cause widespread power outages. "There have been many severe weather systems across the nation in recent weeks. Duke Energy meteorologists have been tracking them, and our crews are prepared to respond if needed," said Jason Hollifield, Carolinas Storm Director. "It is our priority to keep our customers informed and encourage them to prep ...

Duke Energy Florida line and tree crews ready to respond Customers encouraged to prepare in advance of severe weather ST. PETERSBURG, Fla., Jan. 8, 2024 /PRNewswire/ -- Duke Energy is monitoring and preparing for a severe weather system expected to move through Florida Tuesday, which may cause widespread power outages. "Forecasts show the potential for strong, gusty winds and severe storms throughout many parts of Duke Energy Florida's service territory," said Todd Fountain, Duke Energy Florida storm dire ...

More than a dozen organizations helping Floridians overcome hunger and financial challenges received donations ST. PETERSBURG, Fla., Jan. 5, 2024 /PRNewswire/ -- Duke Energy has awarded $425,000 to more than a dozen Florida organizations that provide food assistance and other community resources to help seniors and families throughout the state. The funding, provided by the Duke Energy Foundation and Duke Energy Florida, helped wrap up the holiday giving campaigns of many organizations, with many includin ...

Duke Energy (DUK) announced that its subsidiary, Duke Energy Florida, received approval from the Florida Public Service Commission (“FPSC”) to lower rates. Per the revision residential customers using 1,000-kilowatt hours (kWh) of electricity per month will experience a decline of $11.29 or 6%, in their January 2024 electricity bill when compared with December 2023.The reduction in rates will also benefit commercial and industrial consumers of Duke Energy Florida. Customers can expect to save between 5.6% a ...

Request reflects steps to keep pace with changes and better serve customers in the Palmetto State   Proposal is the company's first requested increase in retail base rates since 2018 GREENVILLE, S.C., Jan. 4, 2024 /PRNewswire/ -- Duke Energy Carolinas today asked South Carolina regulators to review its current rates – the first such review since 2018 – as the company continues working to increase system diversity and reliability, enhance the customer experience and meet future energy demands for more than ...

Duke Energy Corporation (NYSE:DUK) Q3 2023 Results Conference Call November 2, 2023 10:00 AM ET Company Participants Abby Motsinger - VP, IR Lynn Good - Chair, President and CEO Brian Savoy - EVP and CFO Conference Call Participants Shahriar Pourreza - Guggenheim Julien Dumoulin-Smith - Bank of America Steve Fleishman - Wolfe Research Nick Campanella - Barclays Durgesh Chopra - Evercore John Miller - Goldman Sachs Operator Good morning. Thank you for attending the Duke Energy's Third Quarter Earnings Review ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q | (Mark One) | | | | --- | --- | --- | | ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the quarterly period ended September 30, 2023 | | | | OR | | | ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the transition period from _________to_________ | | | | Registrant, State of Incorporation or Organization, IRS Emplo ...

DUKE ENERGY CORPORATION REPORTED TO ADJUSTED EARNINGS RECONCILIATION Three Months Ended June 30, 2022 (Dollars in millions, except per share amounts) Special Item A – Net of $2 million recorded within Noncontrolling Interests. $18 million tax benefit related to the Duke Energy Indiana Supreme Court ruling on the Condensed Consolidated Statements of Operations. DUKE ENERGY CORPORATION REPORTED TO ADJUSTED EARNINGS RECONCILIATION Six Months Ended June 30, 2022 (Dollars in millions, except per share amounts) A ...

Financial Data and Key Metrics Changes - The company reported adjusted earnings per share of $0.91 for the quarter, down from $1.14 and $1.09 in the previous year [60] - The second quarter loss was $0.32 per share, attributed to an impairment of approximately $1 billion related to the commercial renewable sale [60] - The company expects to recover approximately $1.7 billion of deferred fuel costs in 2023, which will strengthen the balance sheet [48][60] Business Line Data and Key Metrics Changes - Electric utilities and infrastructure segment was down $0.14 compared to last year, primarily due to $0.16 of unfavorable weather [34] - Gas utilities and infrastructure results were up by $0.01 due to higher margins and customer growth [61] - The long-term residential growth trajectory remains strong, with residential volumes averaging just under 1% growth per year for the past five years [36] Market Data and Key Metrics Changes - The company has seen a slight pullback in some manufacturing customers due to softening demand in certain sectors, but underlying fundamentals remain strong [37] - In the commercial class, second quarter volumes are trending above full-year estimates, supported by growth in data centers [36] - The residential class customer growth remained robust at 1.8%, but was offset by lower usage per customer [95] Company Strategy and Development Direction - The company is focused on organic growth, with a clear strategy to invest in clean, affordable, and reliable energy across its growing regions [59] - The strategic portfolio repositioning is complete, and the company is now a fully regulated entity operating in constructive jurisdictions [18][59] - The company plans to continue adding about 300 megawatts of solar capacity per year in Florida over the next decade [20] Management's Comments on Operating Environment and Future Outlook - Management noted that the first half of the year was navigated with agility, taking swift action in response to record mild weather while maintaining strategic priorities [22] - The company reaffirms its guidance range for 2023, expecting to achieve a growth rate of 5% to 7% over the long term [28] - Management emphasized that the fundamentals of the business remain strong despite challenges from weather and inflation [69] Other Important Information - The company is preparing for hearings related to energy transition in the Carolinas, which remains a top strategic priority [19] - The company has implemented a $300 million cost mitigation initiative to address interest rate and inflation headwinds [35] - The company has a $65 billion five-year capital plan, which supports its growth rate target through 2027 [65] Q&A Session Summary Question: What is the company's outlook for the second half of the year? - Management indicated that the financial plan was always back-end loaded, and they expect to see stronger results in the third and fourth quarters [73] Question: How is the company managing interest rate exposure? - Management is actively working through financial plans to offset the impact of higher interest rates and is focused on maintaining balance sheet strength [49][88] Question: What is the company's stance on inorganic growth opportunities? - Management reiterated that the sole focus is on organic growth, emphasizing that any potential M&A would need to exceed the current organic growth plan [46][71]

| WASHINGTON, D.C. 20549 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION | | | --- | --- | --- | | FORM | 10-Q | | | (Mark One) | | | | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the quarterly period ended June 30, 2023 | | | | OR | | | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the transition period from _________to_________ | | | | Registrant, State of Incorporation or Organization, ...