Duke Energy
-
Duke Energy Asks Florida Customers to Conserve Electricity
Amid a heatwave, Duke Energy is urging Florida customers to conserve electricity, especially between 3 p.m. and 7 p.m. daily, when demand is highest. This voluntary appeal aims to prevent strain on the power grid due to intense heat and increased air conditioning use. Customers can help by adjusting thermostats, limiting appliance use during peak hours, unplugging electronics, and using fans. Duke Energy is investing in grid modernization and new generation projects to enhance reliability.
-
Duke Energy Asks Carolinas to Conserve Power
Duke Energy is requesting customers in North and South Carolina to voluntarily conserve electricity due to extreme weather and grid strain. The company issued an “Energy Conservation Notice” urging reduced consumption during peak hours, particularly amid a cold snap driving up heating demand. This highlights the challenges of integrating renewables and meeting rising electricity needs while maintaining grid stability. Customers are asked to take simple actions to lower usage during specified morning and evening periods.
-
Duke Energy Mobilizes 18,000+ Storm Response Crews from 27 States and Canada for Winter Storm Fern
Duke Energy is deploying 18,000 personnel to prepare for Winter Storm Fern’s impact on the Carolinas, anticipating widespread power outages due to snow, sleet, and freezing rain. Ice accumulation is a primary concern, threatening power lines and infrastructure. The utility is urging customers to finalize storm preparedness plans and has established basecamps to support restoration efforts from out-of-state crews.
-
Duke Energy Praises DOE’s New Nuclear Funding, Accelerates U.S. SMR Deployment
.Duke Energy reaffirmed its commitment to advanced nuclear by joining the DOE’s $400 million cost‑share project that funds TVA’s deployment of GE Vernova Hitachi’s BWRX‑300 small modular reactor. The partnership aims to lower costs, enhance grid reliability, and accelerate carbon‑free power in the early 2030s. Duke will assess sites such as Belews Creek, NC, and seeks an early NRC permit, positioning SMRs as a low‑capex, modular baseload complement to its renewable and storage investments while supporting a domestic nuclear supply chain.
-
Duke Energy Aims for 50-Year Extension at Bad Creek to Fuel Carolinas Growth
Duke Energy filed an application with FERC to extend the operating license of its Bad Creek Pumped Storage Hydroelectric Station in South Carolina for 50 years. This facility, operating since 1991, is a key energy storage asset on Duke Energy’s grid. The relicensing supports South Carolina’s growth and helps maintain reliable, affordable energy. Recent upgrades increased the plant’s capacity to 1,680 MW of carbon-free energy. A decision from FERC is expected in 2027.
-
Duke Energy and Brookfield Partner, Expanding Capital Plan to $87 Billion
Duke Energy finalized a $6 billion deal with Brookfield, giving Brookfield a 19.7% stake in Duke Energy Florida (DEF). This partnership injects $4 billion into DEF’s $87 billion five-year capital plan to meet growing energy demand. Valued attractively, the deal raises Duke Energy’s FFO/Debt target by 100 bps to 15%, supporting a 5-7% EPS growth through 2029. Duke Energy retains majority ownership and operational control, with no workforce or leadership changes planned for DEF.
-
Duke Energy Prepares for Indiana Storms, Urges Customer Readiness
Duke Energy is preparing for severe weather forecasted to impact its Indiana service territory. The company is mobilizing resources and urges customers to prepare for potential power outages by charging devices, stocking emergency kits, and planning for special needs. Customers can report outages and receive updates via text, mobile app, website, or phone. Duke Energy is Indiana’s largest electric supplier, serving 920,000 customers. Duke Energy (NYSE: DUK) is committed to a cleaner energy future.
