All rights reserved. DUK - Duke Energy Corporation NYSE - NYSE Delayed Price. The actions of activist shareholders could disrupt our operations, impact our ability to execute on our business strategy, or cause fluctuations in the trading price of our common stock. Duke Energy restores power for more than 250,000 customers across Indiana July 2, 2023. duke-energy.com/safety-and-preparedness/storm-safety. Turkey Creek is operated by Silicon Ranch in Garrard County, south of Lexington. Text OUT to 57801 (standard text and data charges may apply). TheDuke Energy News Centercontains news releases, fact sheets, photos and videos. Combining agriculture and solar, like Amazon is doing at Turkey Creek in Garrard County, could be a compromise and a model for the rest of the country. 1907: Great Falls Hydro Station . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Our Standards: The Thomson Reuters Trust Principles. Revenue: $10+ billion (USD) Competitors: American Electric Power, Entergy, APR Energy. *Total estimated first-year savings of up to $640 is calculated by adding $300 rebate to $340 in potential annual energy savings. Utilities that have been steadily expanding in renewables to mitigate the effects of climate change are as follows: American Electric Power Companys AEP plans include growing its renewable generation portfolio to approximately 50% of the total capacity by 2030. At Duke Energy Corporation, we promise to treat your data with respect and will not share your information with any third party. The Federal Reserve's efforts to undercut an overheating U.S. economy by draining liquidity from the financial system may be having the opposite of their intended effect, according to Bank of America interest-rate strategist Ralph Axel. $79.99 In the plants environmental lab, technicians test samples to ensure the site meets water quality standards and environmental permitting requirements. The syngas produced from gasification is refined to remove pollutants, including sulfur and ash. My brother died suddenly and his wife says she will receive her late husbands share, Taylor Swift is on track to earn $332 million this year, which could make her the highest-paid entertainer, What is a HELOC and how to use it in an emergency, Maryland Democratic Rep. Jamie Raskin says hes not running for open US Senate seat. All rights reserved. Rising 18 stories above the fields in rural Indiana, Duke Energys Edwardsport power plant is a technological marvel and among the cleanest coal-fired power plants in the world. Duke is feeding all the electricity from these 5,600 solar panels into the local . Scott Goodman and Elizabeth Huber prepare the training simulator. falling 0.79% to 4,411.59 and Dow Jones Industrial Average Employees of the distributed generation business will transition to ArcLight to maintain business continuity for its operations and customers. Power plants owned by or associated with Duke Energy Florida generate 96.29% of their electricity using nonrenewable fuel sources. Heres what Wall Streets biggest bull sees for the second half. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. The plant can produce electricity using natural gas or by using a gasifier to turn coal into syngas (syntheticgas). Currency in USD 90.72 +0.98 (+1.09%) At close: 01:00PM EDT 90.68 -0.04 (-0.04%) After hours: 04:55PM EDT Stock chart is not supported by. You can sign up for additional alert options at any time. Amazon has a total of 30 solar and wind projects in Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, and North Carolina. REC Solar. The Future of Wind Energy is Now: Smart Technologies Ensure Safe, Secure Connections, Louisiana regulators approve SWEPCO solar and wind projects, Funding of European solar startups up almost 400%. Media contact for Duke Energy: Jennifer Garber The coal used each year supports an estimated 170 mining jobs, and the plant employs around 200. It's available for download on the App Store and Google Play, or you can text us at 578-02 for a download link. In early June, Duke Energy reached a sale agreement for its utility-scale renewables business platform. Duke Energy crews continue to make progress bringing customers back to service from Thursday's powerful storms, with approximately 169,000 customers restored. Walton Solar Power Plants 1 & 2 are on 60 -acres on York Road and the Crittenden Solar Power Plant is on portions of a 110-acre site on Ruark Road. Customers who experience a power outage can report it the following ways: More tips on what to do before, during and after a storm can be found atduke-energy.com/safety-and-preparedness/storm-safety. In this January 2023 WVXU story about the increasing number of Ohio counties banning solar farms, Wood Mackenzie Solar Analyst Matthew Sahd called out Amazon for what's driving solar farm growth: "Cheap land, land availability and corporations like Amazon and the Metas and the Microsofts of the world. More information about ArcLight can be found at www.arclight.com. 5608 Hillsborough Street Our electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. This document includes forward-looking statements within the meaning of Section27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934. Net metering allows residents to sell wattage back to the grid, which makes the installation of solar and other electricity sources a cheaper project. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. For the last two years, Duke Energy has worked with key solar industry and environmental . You must click the activation link in order to complete your subscription. Stay informed about daily Renewable Energy World news, podcasts, training videos, webcasts, commentary, and exclusive articles about Renewable Energy World. Please select your location. In the past three months, shares of Duke Energy have rallied 15.3% compared with the industrys growth of 10%. "We are seeing large numbers of broken poles, trees in power lines and spans of wire down," Pinegar said. 24-Hour: 800.559.3853, Media contact for ArcLight: Joshua Greenwald "We are bringing in a small army to supplement our statewide workforce and speed power restoration," said Duke Energy Indiana President Stan Pinegar. Customers who experience a power outage can report using any of the following methods: Customers can receive text, phone or email alerts with power outage updates. Duke said it expects about $259 million of proceeds from this sale, which the company would use to help incorporate more than 30,000 megawatts of regulated renewable energy into its system by 2035. Solar, Over the next decade, we plan to invest significant amounts of capital to fund the critical energy infrastructure necessary to serve our customers and support our clean energy transition.. The Pike Solar project boasts enough capacity to power almost 46,300 homes. Forward-looking statements are based on managements beliefs and assumptions and can often be identified by terms and phrases that include anticipate, believe, intend, estimate, expect, continue, should, could, may, plan, project, predict, will, potential, forecast, target, guidance, outlook or other similar terminology. Duke Energy power restoration progresses with more than 169,000 customers now back in service "We've made a lot of progress, but we still have a lot of work ahead of us," said Anthony Brown, Duke Energys Indiana storm director. Electric utilities in the United States are streamlining their operations to shift away from fossil fuels toward cleaner energy sources, including solar and wind, to meet climate goals. DJIA, Shop for energy-saving home upgrades at the Duke Energy Online Savings Store. Duke Energy operates this two-megawatt solar project on the 800,000-square-foot roof of the Amazon Air Hub at CVG. Scotia is serving as the financial advisor and Kirkland & Ellis is serving as the legal counsel to ArcLight. Exclusive news, data and analytics for financial market professionals, Reporting by Tanay Dhumal in Bengaluru; Editing by Shilpi Majumdar, Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout, Exclusive: PE firms, defense companies vie for Ball Corp's aerospace unit, AI4Bharat researchers to raise $12 million from Peak XV, Lightspeed for own firm, sources say, Bed Bath & Beyond ends auction for Buy Buy Baby stores, Mexican Pemex estimates platform fire shut in 700,000 barrels of oil, Yellen sees 'progress' in rocky U.S.-China ties, expects more communication, UK's Hunt to detail plans to steer pensions into growth investment, Apartment building collapse kills 14 in Brazil. ", RELATED: An increasing number of Ohio counties are banning solar farms. Learn how to sign up at outage alerts. Trading volume (2.1 M) remained 858,480 below its 50-day average volume of 2.9 M. Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. Duke Energy Corporation. * City coverage generated based on government data. The most visible structure at Edwardsport is the gasification tower. Duke Energy Florida's energy loss due to business operations. With this addition, DESS has three solar projects in Colorado totaling 248 MW. The deal is expected to close by the end of 2023. AEE shares have returned 10.9% in the past three months. The stock's fall snapped a three-day winning streak. July 5 (Reuters) - Utility firm Duke Energy (DUK.N) said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. Amazon is leasing the roof free of charge to Duke, which is operating the system and feeding all the electricity it generates into the local grid. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. To attain its goal, Duke Energy has been significantly investing in renewable projects. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The plant produces 10 times more power, and is 70 percent cleaner, than the older coal units it replaced. Click to get this free report, Ameren Corporation (AEE) : Free Stock Analysis Report, Duke Energy Corporation (DUK) : Free Stock Analysis Report, American Electric Power Company, Inc. (AEP) : Free Stock Analysis Report, CMS Energy Corporation (CMS) : Free Stock Analysis Report. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Environmental groups that push for action on climate change also, incongruously, use lobbyists employed by the fossil-fuel industry. 2016 2017 An LED Lighting company is born in South Florida OUR TIMELINE Our First School District LED Deployment 2018 Making a splash at the Channel Partners Las Vegas Show 2019 energyware WINS THE TRUST FROM A TOP 10 UNIVERSITY: DUKE UNIVIERSITY 2020 2020 energyware ADDS FULL SUITE OF ENERGY EFFICIENCY PRODUCTS INCLUDING SOLAR JOX ENERGY PURCHASES energyware 2021 Filming begins for The . The utilitys need for new resources is driven by a capacity deficit that grows to 1,574 MW in 2028 after the retirement of aging . Opponents say it's a step backward. 126 Shenstone Blvd The ability to implement our business strategy, including our carbon emission reduction goals; State, federal and foreign legislative and regulatory initiatives, including costs of compliance with existing and future environmental requirements, including those related to climate change, as well as rulings that affect cost and investment recovery or have an impact on rate structures or market prices; The extent and timing of costs and liabilities to comply with federal and state laws, regulations and legal requirements related to coal ash remediation, including amounts for required closure of certain ash impoundments, are uncertain and difficult to estimate; The ability to recover eligible costs, including amounts associated with coal ash impoundment retirement obligations, asset retirement and construction costs related to carbon emissions reductions, and costs related to significant weather events, and to earn an adequate return on investment through rate case proceedings and the regulatory process; The costs of decommissioning nuclear facilities could prove to be more extensive than amounts estimated and all costs may not be fully recoverable through the regulatory process; The impact of extraordinary external events, such as the pandemic health event resulting from COVID-19, and their collateral consequences, including the disruption of global supply chains or the economic activity in our service territories; Costs and effects of legal and administrative proceedings, settlements, investigations and claims; Industrial, commercial and residential growth or decline in service territories or customer bases resulting from sustained downturns of the economy, reduced customer usage due to cost pressures from inflation or fuel costs, and the economic health of our service territories or variations in customer usage patterns, including energy efficiency efforts, natural gas building and appliance electrification, and use of alternative energy sources, such as self-generation and distributed generation technologies; Federal and state regulations, laws and other efforts designed to promote and expand the use of energy efficiency measures, natural gas electrification, and distributed generation technologies, such as private solar and battery storage, in Duke Energy service territories could result in a reduced number of customers, excess generation resources as well as stranded costs; Additional competition in electric and natural gas markets and continued industry consolidation; The influence of weather and other natural phenomena on operations, including the economic, operational and other effects of severe storms, hurricanes, droughts, earthquakes and tornadoes, including extreme weather associated with climate change; Changing investor, customer and other stakeholder expectations and demands including heightened emphasis on environmental, social and governance concerns and costs related thereto; The ability to successfully operate electric generating facilities and deliver electricity to customers including direct or indirect effects to the company resulting from an incident that affects the United States electric grid or generating resources; Operational interruptions to our natural gas distribution and transmission activities; The availability of adequate interstate pipeline transportation capacity and natural gas supply; The impact on facilities and business from a terrorist or other attack, war, vandalism, cybersecurity threats, data security breaches, operational events, information technology failures or other catastrophic events, such as fires, explosions, pandemic health events or other similar occurrences; The inherent risks associated with the operation of nuclear facilities, including environmental, health, safety, regulatory and financial risks, including the financial stability of third-party service providers; The timing and extent of changes in commodity prices and interest rates and the ability to recover such costs through the regulatory process, where appropriate, and their impact on liquidity positions and the value of underlying assets; The results of financing efforts, including the ability to obtain financing on favorable terms, which can be affected by various factors, including credit ratings, interest rate fluctuations, compliance with debt covenants and conditions, an individual utilitys generation mix, and general market and economic conditions; Credit ratings of the Duke Energy Registrants may be different from what is expected; Declines in the market prices of equity and fixed-income securities and resultant cash funding requirements for defined benefit pension plans, other post-retirement benefit plans and nuclear decommissioning trust funds; Construction and development risks associated with the completion of the Duke Energy Registrants capital investment projects, including risks related to financing, timing and receipt of necessary regulatory approvals, obtaining and complying with terms of permits, meeting construction budgets and schedules and satisfying operating and environmental performance standards, as well as the ability to recover costs from customers in a timely manner, or at all; Changes in rules for regional transmission organizations, including changes in rate designs and new and evolving capacity markets, and risks related to obligations created by the default of other participants; The ability to control operation and maintenance costs; The level of creditworthiness of counterparties to transactions; The ability to obtain adequate insurance at acceptable costs; Employee workforce factors, including the potential inability to attract and retain key personnel; The ability of subsidiaries to pay dividends or distributions to Duke Energy Corporation holding company (the Parent); The performance of projects undertaken by our nonregulated businesses and the success of efforts to invest in and develop new opportunities, as well as the successful sale of the Commercial Renewables Disposal Groups; The effect of accounting and reporting pronouncements issued periodically by accounting standard-setting bodies and the SEC; The impact of United States tax legislation to our financial condition, results of operations or cash flows and our credit ratings; The impacts from potential impairments of goodwill or equity method investment carrying values; Asset or business acquisitions and dispositions may not yield the anticipated benefits; and. Contact: Angeline Protogere24-Hour: 800.559.3853Twitter: @DE_AngelineP, View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-restores-power-to-more-than-108-000-and-continues-to-respond-to-severe-storm-damage-301868031.html, 800-488-3853 (toll free) Though Wells Fargo has had a significant presence in the building for . Steam produced from heat in the gasification process, and from heat in the exhaust gases from the combustion turbines, is recovered to drive a third turbine, making additional electricity. Duke Energy will provide power restoration time estimates once there is more information from damage assessment. -0.55% If your pump is more than seven years old, or if it is a single-speed pump, it may be time to start thinking about upgrading to an ENERGY STAR certified variable-speed pool pump. The Solution Duke Energy's engineers proposed an innovative solution that saved both money and valuable expansion space on Bausch + Lomb's property. Are efforts to expand access working in Indiana? Ann Thompson has decades of journalism experience in the Greater Cincinnati market and brings a wealth of knowledge and expertise to her reporting. Duke Energy Florida residential electric rates are highest in January and the highest average bill is in October. PLAINFIELD, Ind., June 30, 2023 /PRNewswire/ -- Duke Energy has restored power to more than 108,000 customers who were affected by the severe and damaging storms that ripped through Indiana Thursday. Duke Energy Corporations DUK non-regulated commercial brand, Duke Energy Sustainable Solutions (DESS), recently acquired Pike Solar from JUWI Inc. Pike Solar is being developed to meet the solar power needs of the customers of Colorado Springs Utilities. Industry: Energy & Utilities. Duke Energy Florida's current average bundled electricity rate is 15.78 cents per kilowatt hour (/kWh), compared to the average state bundled rate of 13.79 cents and the average national rate of 14.84 cents. Duke Energy Florida. -1.33% Upgrading to a more energy efficient pump will help you lower your monthly energy bills and use less energy overall. Doulas can improve maternal outcomes. This, combined with the $300 rebate means that you can save up to $640! Washington Post Live will gather thought leaders and government officials to discuss . Owner of Hazelbrook Farm Daniel Bell, and the project's developer and landowner, Silicon Ranch, are combining sheep farming and solar. Crews have been making repairs while assessment is still underway to determine the full scope of damage. After submitting your request, you will receive an activation email to the requested email address. Additionally, Duke Energy has more than 10,500 MW of solar and wind energy combinedly. Duke Energy Florida is headquartered in Saint Petersburg, Florida and provides electricity in 36 counties in the state. Duke Energy Florida's CEO is Lynn J. The plant uses 1.5 million to 2 million tons of Indiana coal per year, a boost for local and state economies that depend on the coal industry. Duke Energy Corporation is an energy company headquartered in Charlotte, N.C. Its Regulated Utilities business unit serves 7.4 million retail electric customers in six states in the Southeast and Midwest . Additionally, this data is compiled using known ownership relationships between power plants and electricity providers, while some of these relationships remain unknown. Did you know that during summer, only your central air conditioner uses more electricity than a single-speed pool pump? American Electrics long-term (three to five years) earnings growth rate is pegged at 6.2%. Use the Duke Energy mobile app (download the Duke Energy App on your smartphone via Apple Store or Google Play). Corporate Overview. We're also keeping an eye on the weather because there's the potential for more storms that could hamper restoration.". The body of missing 59-year-old Mexican journalist Luis Martn Sanchez Iniguez was found in the Mexican state of Nayarit with signs of violence, the state public prosecutor's office confirmed Saturday. ArcLight Capital Partners, LLC is an experienced, middle-market, value add infrastructure investment firm. DUKs solar and wind power businesses boast an investment of $5 billion, while it owns and operates approximately 500 MW of photovoltaic solar power projects at more than 50 solar plants across the country. These byproducts of the gasification process are further refined to make other products for commercial use. As summer temperatures climb, Duke Energy Foundation adds $100,000 to assist Indiana families struggling to pay their energy bills - Yahoo Finance. Duke Energy urges customers to avoid all downed power lines and assume they are energized. The industry leader for online information for tax, accounting and finance professionals. Go Solar for as low as $0 down and $79/mo. The gasification process and combined-cycle units are operated from the main control room. If you see a downed power line--or anything touching it--consider it energized, avoid it, and contact us.". Shares of Duke Energy Corp. DUK slid 1.15% to $90.56 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.79% to 4,411.59 . Florida Duke Energy has three tiers of generating facilities for net metering contracts: Tier 1 Generating Facilities are less than or equal to 10 kilowatts (kW) Tier 2 Generating Facilities are between 10 kW and 100 kW Tier 3 Generating Facilities are between 100kW and 2000kW Amazon continues to expand its global renewable energy portfolio in its effort toward net-zero carbon, Where some struggling farmers see solar as an opportunity and even necessity to make money off their land, some rural neig. 646.504.7306, Duke Energy Sustainable Solutions (DESS), "I want to congratulate Amazon and Duke Energy for their collaboration that demonstrates both companies' commitment to move towards a more environmentally friendly energy future for Kentucky and for their work that creates healthier communities," said Kentucky Energy and Environment Cabinet Secretary Rebecca Goodman. Sunday: CLOSED, 6250 Plantation Center Drive, You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here. Wells Fargo & Co. plans to invest upwards of $200 million into renovations at 550 South Tryon and Three Wells Fargo Center. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The sale is subject to satisfaction of customary closing conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Act. Text OUT to 57801 (standard text and data charges may apply). Use less energy and lower your monthly bills with a new ENERGY STAR certified variable-speed pool pump and get a rebate from Duke Energy. The company aims at achieving net-zero methane emissions by 2030 and net-zero carbon emissions by 2040. All rights reserved. "Bell's sheep are being used as part of a managed approach to grazing, which will prevent the vegetation from becoming overgrown and interfering with energy production, while also improving soil health and ecosystem function," an Amazon release says. Duke Energy Indiana, a subsidiary of Duke Energy, provides about 6,300 megawatts of owned electric capacity to approximately 870,000 customers in a 23,000-square-mile service . The company is bringing in personnel from Duke Energy operations in Ohio and Kentucky as well as the Carolinas. Patrons of Duke Energy Florida purchase residential electricity for, on average, 14.85 cents per kilowatt hour, resulting in the supplier ranking 58th out of 61 companies in the state and 2484th out of 2923 in the US for average electricity price. Duke Energy Florida's patrons purchase electricity for, on average, 15.78 cents per kilowatt hour. "The widespread nature of this storm, which affected nearly all of the 28 Indiana districts we serve, has made power restoration especially challenging and so have the new storm systems that have moved through the state. falling 1.07% to 33,922.26. The syngas fuels two combustion turbine generators and a steam-driven generator, running off heat from the combustion turbines and gasifier, to produce electricity. Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy. Gasification control room operators Josh Samm, Jason West and Ryan Irvine monitor systems in the plants main control room, which is staffed around the clock. The company expects to finalize the sales for its utility-scale and distributed generation businesses by the end of 2023 and will utilize the proceeds to strengthen its balance sheet and avoid additional holding company debt issuances associated with these assets. Disclaimer: The data displayed on this page may be incomplete or incorrect. Customers. That being said, Duke Energy already lowered its carbon emissions in 2021 by more than 44% since 2005. The aforementioned investment steps and goals, including the latest acquisition, taken by Duke Energy will enable the company to contribute to the nations renewable electricity generation and achieve the abovementioned target. Approximately 94,200 remain out of service as of about 7 a.m. Raleigh NC 27616, Tuesday-Friday: 9:30 am 6:00 pm It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities . The distributed generation business being sold includes REC Solar operating assets, development pipeline and O&M portfolio, as well as distributed fuel cell projects managed by Bloom Energy. Copyright 2022 - 2023 Find Energy LLC. Despite its losses, the stock outperformed some of its competitors Thursday, as NextEra Energy Inc. We appreciate our customers' patience as we finish the job.". Its 2023-2027 capital investment forecast includes $8.6 billion in the regulated renewable plan. Arrival of utility-scale solar projects in Nebraska met with. slid 1.15% to $90.56 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index Regulatory approval by the Federal Energy Regulatory Commission will also be required for the sale of the Bloom Energy distributed fuel cell assets. Carolinas Florida Indiana Ohio & Kentucky or Use Your Location RELATED: Amazon Air may use green fuel at CVG. In 2021 Duke Energy Florida sold 87.21% of their megawatt hours to end users (known as retail sales). Customers can request a few extra days or restructure the past-due balance into a monthly payment plan. Want the latest recommendations from Zacks Investment Research? Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of Americas largest energy holding companies. Box 1094 Charlotte, NC 28201-1094 Make payments and more with the Duke Energy app You can use your Duke Energy app to set up payments, view your billing history and much more. Good. Clean and efficient power plant supports community. During power restoration, the company's priority is to repair large power lines and other infrastructure that will return power to the greatest number of customers as safely, quickly and efficiently as possible.
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