Duke Energy is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. It serves approximately 7.2 million customers across six states: North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky. The company operates through various segments, including Electric Utilities and Gas Utilities.
Recent Developments:
- Capital Expenditure Plan: In February 2025, Duke Energy announced an increase in its five-year capital expenditure plan to $83 billion, a 13.7% rise. This adjustment aims to meet the growing demand from data centers and increased electrification needs. The company plans to issue $6.5 billion in equity from 2025 to 2029 to fund approximately 40% of this increase. Additionally, Duke Energy aims to add nearly five gigawatts of natural gas power by the end of 2029 to meet growing power demands, which are projected to reach record highs in 2025 and 2026.
- Climate Accountability Lawsuit: In December 2024, the town of Carrboro, North Carolina, filed a climate accountability lawsuit against Duke Energy. The lawsuit alleges that the company concealed the dangers of fossil fuels, leading to delayed climate actions and increased costs for the town. Carrboro seeks damages to adapt its infrastructure to climate change-induced effects like flooding.
- Carbon Emission Goals Debate: A bill filed in the North Carolina General Assembly in March 2025 proposes eliminating Duke Energy’s goal to reduce carbon emissions by 70% by 2030. This bill seeks to repeal part of a significant 2021 compromise that required Duke to cut its statewide carbon dioxide emissions from 2005 levels by 2030 and achieve net-zero emissions by 2050.
Financial Performance:
In the fourth quarter ending December 31, 2024, Duke Energy reported a 5% increase in income from its electric and gas segments, totaling around $1.4 billion. The company posted a profit of $1.66 per share, consistent with analysts’ expectations. Revenues were $7.36 billion, slightly above the estimated $7.33 billion.
Stock Information:
Duke Energy Corporation (DUK) is publicly traded, and its stock performance can be followed on financial platforms like Yahoo Finance.
Online Presence:
For more information about Duke Energy’s services, initiatives, and customer support, you can visit their official website at www.duke-energy.com. They also maintain active profiles on social media platforms, including Facebook and Instagram.