Utilities
Utilities - Regulated Electric
$81.70B
27K
Duke Energy Corporation is an energy company operating primarily in the U.S. through its regulated utilities. They provide retail electric service through generation, transmission, and distribution to approximately 8.4 million customers in the Southeast and Midwest. Duke Energy also has a natural gas distribution business serving over 1.7 million customers. The company's market position is supported by its regulated operations and diverse energy resources.
Key insights and themes extracted from this filing
Total operating revenues were $7,671 million for the three months ended March 31, 2024, compared to $7,276 million for the three months ended March 31, 2023, an increase of $395 million.
Net income was $1,151 million for the three months ended March 31, 2024, compared to $761 million for the three months ended March 31, 2023, an increase of $390 million.
Basic and diluted earnings per share were $1.44 for the three months ended March 31, 2024, compared to $1.01 for the three months ended March 31, 2023.
The company remains focused on reliability and affordability while delivering increasingly clean energy and providing strong, sustainable value for shareholders, customers, communities and employees.
Duke Energy filed for CPCNs for new generation facilities at the sites of the current Marshall Steam Station and Roxboro Plant in the Carolinas.
In January 2024, Duke Energy received approval for PowerPairs™, a new incentive-based pilot program for installing home solar generation with battery energy storage in its Duke Energy Carolinas and Duke Energy Progress North Carolina service territories.
During the three months ended March 31, 2024, the company continued to move its regulatory strategy forward, filing for new base rates across several jurisdictions including Duke Energy Florida, Duke Energy Indiana and Piedmont.
Duke Energy is focused on grid reliability and security, and filed for new base rates across several jurisdictions including Duke Energy Florida, Duke Energy Indiana and Piedmont.
Duke Energy is working to lower customer bills, and issued $177 million of storm recovery bonds in South Carolina to lower the bill impacts on customers related to critical storm restoration activities.
Duke Energy's results of operations depend, in significant part, on the extent to which it can implement its business strategy successfully. Duke Energy's clean energy transition is subject to business, policy, regulatory, technology, economic and competitive uncertainties and contingencies, many of which are beyond its control and may make those goals difficult to achieve.
Federal or state policies could be enacted that restrict the availability of, and increase the costs associated with the use of, fuels or generation technologies, such as natural gas or nuclear power, that enable Duke Energy to reduce its carbon emissions.
Achieving our carbon reduction goals will require continued operation of our existing carbon-free technologies including nuclear and renewables. The rapid transition to and expansion of certain low-carbon resources, such as renewables without cost-effective storage, may challenge our ability to meet customer expectations of reliability and affordability in a carbon constrained environment, particularly as demand increases.
Duke Energy continues to execute on its clean energy transition, remaining focused on reliability and affordability while delivering increasingly clean energy and providing strong, sustainable value for shareholders, customers, communities and employees.
Duke Energy is focused on delivering a path to cleaner energy in a manner that protects grid reliability and affordability, all while meeting the energy demands of the growing and economically vibrant communities that it serves.
Duke Energy is focused on grid reliability and security, and filed for new base rates across several jurisdictions including Duke Energy Florida, Duke Energy Indiana and Piedmont.
Duke Energy Florida filed a three-year rate plan that would begin in January 2025, once its current base rate settlement agreement concludes at the end of 2024, and proposed approximately $4.9 billion in investments to reduce outages, expand solar generation, and increase generation unit efficiency.
Duke Energy Florida filed a three-year rate plan that would begin in January 2025, once its current base rate settlement agreement concludes at the end of 2024, and proposed approximately $4.9 billion in investments to improve grid reliability and security.
Duke Energy Florida filed a three-year rate plan that would begin in January 2025, once its current base rate settlement agreement concludes at the end of 2024, and proposed approximately $4.9 billion in investments to reduce fuel consumption at existing power plants.
Duke Energy Florida's Vision Florida program explores various emerging non-carbon emitting generation technology, distributed technologies and resiliency projects.
Duke Energy's clean energy transition includes digital transformation, and is subject to business, policy, regulatory, technology, economic and competitive uncertainties and contingencies.
Duke Energy is focused on expanding battery energy storage, and received approval for PowerPairs™, a new incentive-based pilot program for installing home solar generation with battery energy storage in its Duke Energy Carolinas and Duke Energy Progress North Carolina service territories.
Duke Energy is making significant investments in transmission and distribution, and filed for new base rates across several jurisdictions including Duke Energy Florida, Duke Energy Indiana and Piedmont.
Duke Energy is focused on investing in clean energy resources, and filed for new base rates across several jurisdictions including Duke Energy Florida, Duke Energy Indiana and Piedmont.
Duke Energy is focused on investing in grid reliability and security, and filed for new base rates across several jurisdictions including Duke Energy Florida, Duke Energy Indiana and Piedmont.
Duke Energy's clean energy transition, which includes achieving net-zero carbon emissions from electricity generation by 2050, is subject to business, policy, regulatory, technology, economic and competitive uncertainties and contingencies.
Duke Energy remains focused on reliability and affordability while delivering increasingly clean energy and providing strong, sustainable value for shareholders, customers, communities and employees.
Duke Energy's clean energy transition includes achieving net-zero carbon emissions from electricity generation by 2050.
Duke Energy is focused on delivering a path to cleaner energy in a manner that protects grid reliability and affordability, all while meeting the energy demands of the growing and economically vibrant communities that it serves.
The rapid transition to and expansion of certain low-carbon resources, such as renewables without cost-effective storage, may challenge Duke Energy's ability to meet customer expectations of reliability and affordability in a carbon constrained environment, particularly as demand increases.
Duke Energy remains focused on reliability and affordability while delivering increasingly clean energy and providing strong, sustainable value for shareholders, customers, communities and employees.