Duke Energy Progress and stakeholders agreed to reduce the proposed rate increase for North Carolina customers by more than half, resulting in an average annual increase of 3.4% over two years if approved by the North Carolina Utilities Commission. The agreement includes a $10 million contribution from Duke Energy shareholders to assist low-income customers and support weatherization programs. It also features a refund rider to return money if infrastructure upgrades are delayed and accelerated refunds of federal tax credits. This move responds to customer feedback about bill affordability while allowing critical infrastructure investments to continue. The new rates would take effect on January 1, 2027, pending regulatory approval.
In 2026, the utilities sector has seen limited growth, with the State Street Utilities Select Sector SPDR ETF up only 1.6%. However, Southern Company and Duke Energy have reported healthy earnings with double-digit percentage increases and reaffirmed...
Duke Energy is supporting North Carolina customers facing higher energy bills due to increased cooling demand from upcoming hot weather. The company offers bill management tools like Bill Insights and Usage Alerts to help customers understand and con...
Duke Energy released its Q2 2026 earnings report, focusing on how it manages debt and capital expenditures amid ongoing investments in power generation and grid infrastructure. The company’s financial health metrics, including interest coverage and l...
Duke Energy Florida highlights the increased energy demand due to hotter-than-average summers and rising humidity in August, which causes air conditioning systems to work harder. The company emphasizes the hard work of lineworkers maintaining the ele...
Duke Energy announced its financial results for the second quarter of 2026 and will hold an investor call to discuss these results and other business updates. The company serves millions of electric and natural gas customers across several U.S. state...
