Workflow
Duke Energy(DUK)
icon
Search documents
Duke Energy thanks customers for help managing the power grid through hot temperatures
Prnewswire· 2025-06-26 14:40
Core Insights - Duke Energy set a new summer peak electricity usage record of 35,269 megawatt-hours (MWh) on June 24, 2025, surpassing the previous record of 34,439 MWh from July 9, 2024 [3] - The company attributes this record to customer conservation efforts during peak demand periods amid a heat wave affecting North and South Carolina [2][7] - Duke Energy's all-time peak usage record is 37,260 MWh, achieved on January 23, 2025 [3] Energy Mix and Infrastructure - Duke Energy utilizes a diverse energy mix, including nuclear, natural gas, hydro, renewables, and coal, to meet increasing energy demands [4] - The company is investing in solar and energy storage, with plans for new natural gas plants over the next five years to support growth and economic development [4][12] Customer Engagement and Energy Efficiency - Over 521,000 customers participated in Duke Energy's demand response programs to help manage peak demand during the heat wave [7] - The company emphasizes the importance of energy efficiency year-round, providing tips for customers to save on their electric bills [5][10] Company Overview - Duke Energy is a Fortune 150 company serving 8.6 million customers across several states, with a total energy capacity of 55,100 megawatts [11] - The company is focused on an ambitious energy transition, investing in electric grid upgrades and cleaner generation sources [12]
CEG vs. DUK: Which Nuclear-Powered Utility Is Worth Your Investment?
ZACKS· 2025-06-26 13:45
Core Insights - Nuclear power plants are recognized for their high-capacity factor, providing a reliable source of baseload electricity compared to intermittent renewable sources [2] - The U.S. aims to increase nuclear energy capacity from 100 GW to 400 GW by 2050 through executive orders issued by President Trump [4] - The demand for clean electricity is rising due to factors like AI data centers, urbanization, and electric vehicles, making nuclear energy stocks attractive [5] Constellation Energy's Position - Constellation Energy operates the largest nuclear fleet in the U.S., generating nearly 90% carbon-free energy annually [6] - The company plans to invest $3 billion to $3.5 billion in capital expenditures through 2026, with 35% allocated for nuclear fuel [10][16] - Constellation Energy's return on equity (ROE) is 21.93%, indicating efficient capital use compared to Duke Energy's 9.88% [10][14] Duke Energy's Position - Duke Energy's nuclear operations provide reliable, low-carbon electricity, helping meet climate goals and federal regulations [8] - The company received approval to extend operations of its largest nuclear plant for an additional 20 years, supporting its clean energy strategy [8] - Duke Energy anticipates capital expenditures of $190-$200 billion over the next decade, with a significant portion for clean energy transition [17] Financial Performance Comparison - Constellation Energy's earnings per share (EPS) estimates for 2025 and 2026 increased by 0.75% and 3.78%, respectively, while Duke Energy's estimates remained flat or slightly decreased [10][12][14] - Constellation Energy's dividend yield is 0.49%, significantly lower than Duke Energy's 3.61% [18] Investment Outlook - Both Constellation Energy and Duke Energy have potential for growth in the energy sector, but Constellation Energy is favored for its better earnings growth and ROE [19][20]
Duke Energy: Growth And Income All In One Package
Seeking Alpha· 2025-06-25 13:00
Group 1 - The market is currently near an all-time high, indicating increased investor willingness to invest in risk assets [2] - There are significant risks on the horizon, suggesting a cautious approach despite the market's optimism [2] - The statement by Warren Buffett to "be fearful when others are greedy" is highlighted as a reminder for investors to remain vigilant [2] Group 2 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1]
Duke Energy urges North Carolina and South Carolina customers to reduce electric usage
Prnewswire· 2025-06-23 15:31
Core Viewpoint - Duke Energy is urging customers in the Carolinas to reduce energy use during peak demand hours to alleviate pressure on the power grid and minimize the risk of power outages [1][2]. Company Overview - Duke Energy is a Fortune 150 company based in Charlotte, N.C., serving 8.6 million electric customers across multiple states and owning 55,100 megawatts of energy capacity [2]. - The company also provides natural gas services to 1.7 million customers in several states [2]. Energy Transition Efforts - Duke Energy is focused on an ambitious energy transition, prioritizing customer reliability and value while investing in electric grid upgrades and cleaner energy sources, including natural gas, nuclear, renewables, and energy storage [3]. Customer Guidance - Customers are advised to raise their thermostat settings, postpone laundry, avoid using electric ranges and appliances during peak hours, consider outdoor grilling, and turn off unnecessary appliances to help reduce energy consumption [4].
Duke Energy reminds customers of tips to save energy and money as temperatures spike in the Carolinas
Prnewswire· 2025-06-23 13:34
Core Insights - Duke Energy is encouraging customers to manage their energy use as summer temperatures rise, emphasizing the importance of energy savings during heat waves [1][2]. Energy-Saving Programs and Tips - The company offers personalized usage alerts and various programs to help customers save energy and money, particularly during high-temperature periods [2]. - Customers can benefit from financial assistance programs and energy-saving tools, which are designed to help manage energy costs [8][4]. Company Overview - Duke Energy is a major energy holding company serving 8.6 million electric customers and 1.7 million natural gas customers across several states, with a total energy capacity of 55,100 megawatts [5]. - The company is focused on an ambitious energy transition, investing in electric grid upgrades and cleaner energy sources, including natural gas, nuclear, renewables, and energy storage [6]. Energy Efficiency Tips - Recommendations for energy savings include setting thermostats higher, using cooler water for laundry, running appliances during cooler hours, and utilizing ceiling fans effectively [9]. - Customers can receive a free home energy assessment and take advantage of rebates for energy-efficient equipment through the Smart $aver® program [9].
Duke Energy Indiana agrees to Cayuga coal unit feasibility study in addition to building new gas units on-site
Prnewswire· 2025-06-17 18:55
The study will explore the possibility of a sale of existing coal units Settlement with state's coal producers is aligned with Indiana Governor Mike Braun's executive orders on coalPLAINFIELD, Ind., June 17, 2025 /PRNewswire/ -- Duke Energy Indiana and Reliable Energy Inc., which represents several of Indiana's major coal producers, have reached a settlement in Duke Energy Indiana's request pending before the Indiana Utility Regulatory Commission for a proposed new natural gas plant at its Cayuga Generati ...
Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers
Prnewswire· 2025-06-12 21:35
Core Viewpoint - Duke Energy Progress has requested a public review of its current rates from South Carolina regulators, seeking a revenue increase of $74.8 million, which equates to a 12.1% rise over existing revenues [2][4]. Rate Increase Details - If approved, typical residential customers using 1,000 kilowatt-hours per month will see their monthly electric bills rise by $21.66, from $144.85 to $166.51, effective February 1, 2026 [2]. - Commercial customers are expected to experience an average increase of 12.8%, while industrial customers will see an average increase of around 3.6% [2]. Company Background - Duke Energy Progress, a subsidiary of Duke Energy, operates with 13,800 megawatts of energy capacity, serving 1.8 million customers across a 28,000-square-mile area in North and South Carolina [5]. - Duke Energy, a Fortune 150 company, serves 8.6 million customers across multiple states and owns a total of 55,100 megawatts of energy capacity [6]. Recent Investments and Improvements - The company has made significant investments to strengthen the grid, improve storm readiness, and enhance customer service, which have contributed to reduced outages [7][9]. - The last regulatory review of rates occurred in 2022, and this request reflects ongoing efforts to meet future energy demands and improve operational excellence [7][8]. Technological Advancements - Smart, self-healing technology has been implemented, which helped restore over 10,000 customer outages during Hurricane Helene, saving more than 28,000 hours of total outage time [8]. Commitment to Energy Transition - Duke Energy is focused on an ambitious energy transition, investing in electric grid upgrades and cleaner energy sources, including natural gas, nuclear, renewables, and energy storage [9].
Duke Energy proposes milestone new natural gas plant to help build a stronger energy future for South Carolina
Prnewswire· 2025-06-09 14:00
Core Viewpoint - Duke Energy plans to submit an application to build a new natural gas power plant in Anderson County, South Carolina, to meet the growing energy demands of the state due to economic development and population growth [1][2]. Group 1: Project Details - The construction application is expected to be submitted later this year, with construction anticipated to begin in summer 2027 and the plant expected to serve customers by early 2031 [3]. - The facility will be located on nearly 200 acres near Highway 81 South in Anderson County and is designed to provide approximately 1,400 megawatts of electricity [7]. Group 2: Strategic Importance - The project is the first request by Duke Energy to build new generation in South Carolina in a decade and aligns with state leaders' goals to enhance electricity capacity in response to growth [6][8]. - The facility will utilize existing infrastructure and is part of a partnership with GE Vernova to supply natural gas turbines, supporting advanced manufacturing and data centers [7]. Group 3: Community and Leadership Support - Local leaders, including Governor Henry McMaster and Senate President Thomas Alexander, emphasize the importance of reliable energy infrastructure for South Carolina's economic success and future prosperity [8][9]. - Duke Energy's commitment to this project reflects its ongoing partnership with Anderson County and aims to benefit the local economy and community [9]. Group 4: Company Overview - Duke Energy is a major energy holding company serving 8.6 million customers across several states and owns 55,100 megawatts of energy capacity [10]. - The company is focused on an energy transition that includes investments in cleaner generation sources such as natural gas, nuclear, renewables, and energy storage [11].
Duke Energy supports North Carolina emergency response organizations with $500,000 in storm preparedness funds
Prnewswire· 2025-06-04 14:10
Core Viewpoint - Duke Energy is enhancing support for storm preparedness initiatives in North Carolina by providing grants to local emergency response organizations, aiming to bolster community resilience against natural disasters [1][3]. Group 1: Grant Details - Duke Energy Foundation is awarding $25,000 grants to twenty government agencies and nonprofits to fund severe weather preparedness measures [2]. - The HERO grants will finance emergency preparedness equipment and first responder training, benefiting 20 essential disaster response organizations [7]. Group 2: Importance of Preparedness - Recent natural disasters have had devastating effects across North Carolina, highlighting the need for collaborative response planning as another storm season approaches [3]. - The Duke Energy Foundation has supported over 100 local emergency response organizations with more than $1.8 million in grant funding over the past five years to enhance storm preparedness [4]. Group 3: Statements from Officials - Kendal Bowman, Duke Energy's North Carolina president, emphasized the importance of proactive collaboration with local emergency response organizations to ensure community preparedness [8]. - Local officials, such as Tommy Batson and Tony Ray, expressed gratitude for the grants, noting their critical role in improving emergency response capabilities and community safety [8]. Group 4: Duke Energy Overview - Duke Energy is a major energy holding company serving 8.6 million customers across several states and owns 55,100 megawatts of energy capacity [10]. - The company is committed to an ambitious energy transition, focusing on electric grid upgrades and cleaner energy generation [11].
As summer approaches, Duke Energy dedicates $200,000 to help low-income Hoosiers manage home energy costs
Prnewswire· 2025-06-03 13:17
Core Viewpoint - Duke Energy Indiana is allocating $200,000 to its Share the Light Fund to assist customers facing financial difficulties during the summer months, aiming to help manage rising energy costs due to increased usage and temperatures [1][2]. Group 1: Financial Assistance - Over the past five years, Duke Energy's Share the Light Fund has provided more than $4 million in assistance, benefiting nearly 15,000 households in Indiana [1][3]. - The fund offers up to $300 to qualifying customers to help cover energy bills, deposits, and reconnection charges, in collaboration with the Indiana Community Action Association [2][3]. Group 2: Community Support - Duke Energy partners with community action agencies to identify customers in need and distribute financial assistance [2][3]. - The initiative aims to alleviate the financial strain caused by high seasonal energy bills for families experiencing economic hardship [3]. Group 3: Company Overview - Duke Energy Indiana is the largest electric supplier in Indiana, providing approximately 6,300 megawatts of electric capacity to around 910,000 customers across a 23,000-square-mile service area [5]. - Duke Energy, a Fortune 150 company, serves 8.6 million customers across multiple states and owns a total of 55,100 megawatts of energy capacity [6]. Group 4: Energy Management Tools - Duke Energy offers various tools and resources to help customers manage their energy use and save money, including usage alerts, free home energy assessments, and flexible payment plans [4][9].