Duke Energy announced the pricing of a $1.75 billion public offering of 35 million Equity Units, each valued at $50. The units include contracts to purchase Duke Energy stock and interests in senior notes due 2032 and 2036, with a total distribution rate of 7.75% annually. The offering aims to raise approximately $1.72 billion to redeem $500 million of junior subordinated debentures, repay commercial paper, and support general corporate purposes. The offering is expected to close on August 13, 2026, with trading on the NYSE anticipated within 30 days of issuance, subject to approval.
Duke Energy has restored power to 85% of the more than 261,000 customers affected by severe storms in Greater Cincinnati over the past 48 hours. As of Thursday afternoon, about 38,861 customers remain without power, but nearly all who can safely rece...
The Duke Energy Foundation is awarding $500,000 in grants to 20 nonprofits across North Carolina to support small businesses through microgrants and business assistance. These grants aim to help entrepreneurs grow by funding projects tailored to loca...
The Duke Energy Foundation is providing $100,000 in emergency grants to local nonprofits aiding communities hit by severe storms in Ohio and Kentucky. Funds are allocated to Freestore Foodbank, American Red Cross, and Matthew 25: Ministries to supply...
Duke Energy has restored electricity to over 171,000 customers in Ohio and Kentucky despite severe weather causing outages and damage. More than 1,000 additional workers have joined the restoration effort to repair infrastructure and clear debris. Cu...
Severe storms in Greater Cincinnati caused power outages affecting about 160,000 Duke Energy customers as of 10 p.m. on Tuesday, with damage from fallen trees, broken poles, and equipment slowing restoration. Duke Energy crews are working around the ...
