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J.D. Power Ranks Piedmont Natural Gas No. 1 for Residential Customer Satisfaction Among Large Gas Utilities for South Region
Prnewswire· 2024-12-04 18:00
Core Insights - Piedmont Natural Gas has achieved the No. 1 ranking in customer satisfaction for residential natural gas service in the South among large utilities for the third consecutive year according to the J.D. Power 2024 Gas Utility Residential Customer Satisfaction Study [1][5] Group 1: Customer Satisfaction - The company topped seven other utilities in the South Large segment, demonstrating consistent performance in customer satisfaction [1][5] - Piedmont Natural Gas received high rankings in key study factors including billing and payment, corporate citizenship, and customer care [3] Group 2: Study Details - The 2024 Gas Utility Residential Customer Satisfaction Study was based on responses from 63,363 online interviews conducted from January 2024 through October 2024 among residential customers of the 86 largest gas utility brands in the U.S., representing over 64.6 million households [4] Group 3: Company Overview - Piedmont Natural Gas, a subsidiary of Duke Energy, serves more than 1.2 million residential, commercial, industrial, and power generation customers across North Carolina, South Carolina, and Tennessee [5]
Duke Energy Florida's '12 Days of Savings' offers schedule of suggested energy efficiency tips
Prnewswire· 2024-12-02 19:08
Core Points - Duke Energy Florida is launching the "12 Days of Savings" initiative to provide customers with low-cost to no-cost energy efficiency tips during the holiday season [1][2] - The program aims to help customers save on their electric bills and reduce energy consumption [1][2] Energy Efficiency Tips - December 3: Replace air filters to improve AC efficiency [4] - December 4: Change ceiling fan settings to clockwise to push warm air down [4] - December 5: Turn off ceiling fans when leaving a room to avoid energy waste [4] - December 6: Adjust thermostat to the lowest comfortable setting to lower bills [4] - December 7: Use blinds/curtains to maximize sunlight during the day and insulate at night [4] - December 8: Caulk and weatherstrip to save 10% to 20% on heating costs [4] - December 9: Set water heater to 120 degrees or less to reduce energy use [4] - December 10: Insulate water heater pipes for maximum savings [4] - December 11: Install low-flow showerheads to save electricity and water [4] - December 12: Check refrigerator door seals to ensure efficiency [4] - December 13: Replace incandescent bulbs with ENERGY STAR® qualified LEDs, which use 75% less energy [4] - December 14: Replace outdoor lighting with LED bulbs that have photosensors and motion sensors [4] Company Overview - Duke Energy Florida owns 12,300 megawatts of energy capacity and serves 2 million customers across a 13,000-square-mile area in Florida [5] - Duke Energy, a Fortune 150 company, serves 8.4 million customers across multiple states and has a total energy capacity of 54,800 megawatts [6] - The company is focused on a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050 [7]
Duke Energy's Share the Light Fund offers nearly $300,000 in bill assistance to Indiana customers facing financial hardship this winter season
Prnewswire· 2024-12-02 15:12
Core Points - Duke Energy Indiana is allocating nearly $300,000 in financial assistance through the Share the Light Fund to support customers in need during the winter season [1][2] - The fund has already assisted over 2,000 households in Indiana with more than $650,000 in energy bill assistance over the past year [1] - Eligible customers can receive up to a $300 credit annually on their energy accounts based on income, family size, and available resources [3] Assistance Programs - Duke Energy collaborates with local community action agencies to distribute funds and provide additional support for managing energy use [2] - The company offers various savings programs, including Usage Alerts, Free Home Energy House Calls, and installment payment plans to help customers save money and manage their energy consumption [4] Company Overview - Duke Energy Indiana is the largest electric supplier in Indiana, providing approximately 6,300 megawatts of electric capacity to around 900,000 customers across a 23,000-square-mile service area [5]
NC Utilities Commission approves Duke Energy Progress request to lower customer rates by 4.5%
Prnewswire· 2024-12-02 14:58
Core Points - Duke Energy Progress has reduced residential rates by 4.5% starting December 1, 2024, due to falling fuel prices [1][4] - A typical residential customer using 1,000 kWh per month will see a decrease of $7.34, bringing their bill down from $161.97 to $154.63, which is 11% below the national average [2] - Commercial customers will experience an average rate decrease of about 6.3%, while industrial customers will see a minimal decrease of less than 0.1% [2] Company Overview - Duke Energy Progress serves approximately 1.5 million customers in central and eastern North Carolina, including major cities like Raleigh and Asheville [3] - The company owns 13,800 megawatts of energy capacity and operates across a 28,000-square-mile service area in North Carolina and South Carolina [6] - Duke Energy, the parent company, serves 8.4 million customers across multiple states and has a total energy capacity of 54,800 megawatts [7] Regulatory and Operational Insights - The North Carolina Utilities Commission (NCUC) conducts an annual review of fuel costs to ensure accurate rates for customers [4] - Duke Energy Progress actively manages fuel contracts to minimize costs, with bills reflecting actual fuel costs incurred [5] - The company is committed to a clean energy transition, aiming for net-zero carbon emissions from electricity generation by 2050 [8]
Duke Energy Introduces Its First Carbon-Free Microgrid for EV Charging
ZACKS· 2024-11-25 15:10
Core Viewpoint - Duke Energy Corporation (DUK) has launched the Duke Energy + Electrada Fleet Mobility Microgrid facility, marking the first carbon-free microgrid solution for charging commercial and public electric vehicle (EV) fleets in the United States [1][3]. Company Developments - The new microgrid hub enhances EV charging accessibility and sustainability, offering charging options for light, medium, and heavy-duty EVs, including two flexible charging methods: connecting to the main power grid or utilizing 100% carbon-free energy from the microgrid [3][4]. - Duke Energy's partnership with Electrada alleviates infrastructure and upfront costs for businesses, facilitating the establishment of reliable charging stations while managing electricity demands [4]. Market Prospects - The demand for EVs in the U.S. is rapidly increasing due to supportive government policies, corporate investments, and consumer preferences shifting towards clean energy, with a significant need for resilient public and home charging stations [5]. - Grand View Research forecasts a compound annual growth rate of 30.3% for the U.S. EV charging infrastructure market from 2025 to 2030, indicating substantial growth opportunities for Duke Energy in this sector [6]. Fleet Transition Plans - Duke Energy currently operates over 600 EVs and plans to convert its approximately 4,000 light-duty vehicles to electric by 2030, with a strategy to install numerous chargers in the next five years to enhance EV charging availability [7]. Competitive Landscape - Other electric utilities, such as Avangrid, Xcel Energy, and American Electric Power, are also expanding their EV charging networks to capitalize on market growth opportunities [8]. - Avangrid plans to support over 13,000 new chargers by 2025 and aims to convert 60% of its fleet to electric by 2030 [9]. - Xcel Energy has partnered with Ford Pro to install up to 30,000 EV charging ports by 2030, aiding fleet operators in transitioning to electric vehicles [10]. - American Electric Power is a founding member of the Electric Highway Coalition, focusing on installing fast charging stations across the U.S. [11]. Stock Performance - Duke Energy's shares have increased by 13.2% over the past six months, outperforming the industry growth of 10.7% [13].
Following historic power restoration effort in mountain region, Duke Energy announces more than $2.2 million committed to date for disaster relief, rebuilding and readiness in North Carolina
Prnewswire· 2024-11-25 15:05
Core Insights - Duke Energy has provided over $2.2 million in aid for disaster relief, rebuilding, and readiness efforts in North Carolina following Hurricane Helene [1][2][7] - The company is committed to supporting local communities through partnerships with nonprofit organizations and emergency management agencies [2][6] Funding and Support - More than $1 million in grants from the Duke Energy Foundation have been allocated for immediate relief and long-term recovery in western North Carolina [2] - An additional $500,000 of previous grants has been repurposed for community relief and recovery efforts [3] - Over $200,000 has been dedicated to economic development organizations for the repair and improvement of industrial sites and infrastructure [4] - New grants totaling $500,000 will support disaster readiness in central and eastern North Carolina [4] Community Impact - WNC Communities has provided immediate relief to farmers affected by the storm, demonstrating the impact of Duke Energy's support [5][6] - MANNA FoodBank has played a crucial role in distributing food and supplies to impacted communities, highlighting the importance of Duke Energy's assistance in their relief efforts [6][7] Restoration Efforts - Hurricane Helene caused over 1.4 million outages, necessitating a historic power restoration effort by Duke Energy [10] - The company utilized strategic resource staging, helicopter and drone operations, and mobile substation deployments to restore power efficiently [11][12] Philanthropic Commitment - The Duke Energy Foundation provides over $30 million annually in philanthropic support to meet community needs [13] - Since 2020, the Foundation has awarded over $3.2 million in disaster preparedness and response grants in North Carolina [7] Company Overview - Duke Energy is a Fortune 150 company serving 8.4 million customers across multiple states and owns 54,800 megawatts of energy capacity [14] - The company is focused on a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050 [15]
Duke Energy Foundation donates $350,000 to community organizations assisting in Hurricane Milton relief
Prnewswire· 2024-11-22 15:31
Core Points - Duke Energy Foundation announced an additional $350,000 in funding to Florida nonprofits for recovery efforts following Hurricane Milton, bringing total disaster preparedness and relief contributions in Florida to $910,000 for the year [1][4][3] - The funding supports various initiatives including food security, essential item replacement, and financial aid for college students affected by the hurricane [3][4] - Duke Energy Florida serves a large customer base, providing electricity to 2 million customers across a 13,000-square-mile area [6][7] Funding Details - The Duke Energy Foundation has provided $50,000 to the American Red Cross prior to Hurricane Milton to ensure rapid distribution of supplies [2] - An additional $300,000 has been allocated to 22 local organizations across the Gulf Coast and Central Florida [3] - The organizations supported include educational institutions and community action agencies, which are crucial for local recovery efforts [4] Company Overview - Duke Energy is a major energy holding company, serving 8.4 million customers across multiple states and owning 54,800 megawatts of energy capacity [7] - The company is committed to a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050 [8] - The Duke Energy Foundation contributes over $30 million annually to support community needs where Duke Energy customers live and work [5]
Duke Energy's first-of-its-kind microgrid solution offers carbon-free charging option for commercial vehicle fleets
Prnewswire· 2024-11-21 16:56
Core Insights - Duke Energy has launched the Duke Energy + Electrada Fleet Mobility Microgrid, a pioneering electrification center for commercial and public electric fleet vehicles, providing a zero-emission, carbon-free microgrid option for fleet charging [1][4]. Company Overview - Duke Energy is a major energy holding company serving 8.4 million customers across several states and has a total energy capacity of 54,800 megawatts [9][10]. - The company is committed to a clean energy transition, aiming for net-zero carbon emissions from electricity generation by 2050 and net-zero methane emissions from its natural gas business by 2030 [10]. Project Details - The microgrid serves as both a model for reliable fleet electrification and an active charging site for various electric fleet vehicles, including light-, medium-, and heavy-duty trucks [2][4]. - It features six fleet charging stations with capacities ranging from 120 to 300 kilowatts (kW) and two Level 2 chargers, designed specifically for medium- and heavy-duty trucking [4]. Collaboration and Support - Electrada provides capital and performance contracts to fleet owners, facilitating reliable charging and reducing the complexity of transitioning to electric fuel [3][4]. - Daimler Truck North America LLC is a founding participant in the fleet EV charging program, leveraging the proximity of its manufacturing facility to the microgrid for demonstration purposes [6][7]. Industry Impact - Fleet electrification is expected to significantly reduce greenhouse gas emissions, particularly in medium- and heavy-duty trucking, with the U.S. seeing a record high of approximately 9% in new EV car sales [8]. - Energy consumption is projected to grow at an average annual rate of nearly 2% over the next 26 years, with 35% of that growth attributed to increased EV adoption [9].
Duke Energy Foundation helps make Florida's natural resources more resilient with $285,000 in grants
Prnewswire· 2024-11-14 15:11
Group 1 - Duke Energy Foundation announced $285,000 in grants to support environmental resiliency efforts across Florida [1][4] - Over the past five years, Duke Energy Foundation has donated more than $3 million to environmental resiliency and disaster recovery initiatives in Florida [1][4] - The funding will benefit ten organizations focused on improving Florida's habitat and waterways through various preservation and resiliency measures [2][4] Group 2 - Grant recipients include organizations such as Bok Tower Gardens, The Nature Conservancy, and Ducks Unlimited, each with specific initiatives aimed at enhancing Florida's natural resources [3][4] - Bok Tower Gardens will use the funding to build a wildlife and pollinator corridor, focusing on habitat restoration and supporting local wildlife [3][4] - Duke Energy Florida's investment is aimed at preserving and expanding the unique natural resources of the state, which are vital for the quality of life of residents and visitors [2][4] Group 3 - The Duke Energy Foundation provides over $30 million annually in philanthropic support to communities where Duke Energy customers live and work [6] - Duke Energy Florida operates with a capacity of 12,300 megawatts, supplying electricity to 2 million customers across a 13,000-square-mile service area [7]
Is the Options Market Predicting a Spike in Duke Energy (DUK) Stock?
ZACKS· 2024-11-13 15:26
Core Viewpoint - Investors in Duke Energy Corporation (DUK) should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the Jan 17, 2025 $165.00 Put option [1] Group 1: Implied Volatility - Implied volatility indicates the market's expectation of future price movement, with high levels suggesting a potential significant move or an upcoming event that could lead to a rally or sell-off [2] - The current high implied volatility for Duke Energy options suggests that traders anticipate a notable price movement [4] Group 2: Analyst Sentiment - Duke Energy holds a Zacks Rank 3 (Hold) in the Utility - Electric Power industry, which is in the top 50% of the Zacks Industry Rank [3] - Over the past 60 days, two analysts have raised their earnings estimates for the current quarter, while one has lowered theirs, resulting in a consensus estimate increase from $1.59 to $1.65 per share [3] Group 3: Trading Strategies - The high implied volatility may indicate a trading opportunity, as seasoned options traders often seek to sell premium on options with high implied volatility to capture decay [4]