Profile: Duke Energy Corp (DUK)
23 Jul 2019
Duke Energy Corporation (Duke Energy), incorporated on May 3, 2005, is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Company's subsidiaries include Duke Energy Carolinas, LLC (Duke Energy Carolinas), Progress Energy, Inc. (Progress Energy), Duke Energy Progress, LLC (Duke Energy Progress), Duke Energy Florida, LLC (Duke Energy Florida), Duke Energy Ohio, Inc. (Duke Energy Ohio), Duke Energy Indiana, LLC (Duke Energy Indiana) and Piedmont Natural Gas Company, Inc. (Piedmont).
Electric Utilities and Infrastructure
The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. As of December 31, 2016, the Electric Utilities and Infrastructure segment provided retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States. The operations include electricity sold wholesale to municipalities, electric cooperative utilities and other load-serving entities. Electric Utilities and Infrastructure is also a joint owner in certain electric transmission projects. As of December 31, 2016, Electric Utilities and Infrastructure owned approximately 49,300 megawatts (MW) of generation capacity.
Gas Utilities and Infrastructure
The Gas Utilities and Infrastructure segment conducts natural gas operations primarily through the regulated public utilities of Piedmont and Duke Energy Ohio. The Gas Utilities and Infrastructure segment serves residential, commercial, industrial and power generation natural gas customers. As of December 31, 2016, the Gas Utilities and Infrastructure segment had over 1.5 million customers, including over one million customers located in North Carolina, South Carolina and Tennessee, and an additional 529,000 customers located within southwestern Ohio and northern Kentucky. In the Carolinas, Ohio and Kentucky, the service areas include various cities, towns and communities. In Tennessee, the service area is the metropolitan area of Nashville. The Gas Utilities and Infrastructure segment also owns, operates and has investments in various pipeline transmission and natural gas storage facilities.
The Commercial Renewables primarily acquires, builds, develops and operates wind and solar renewable generation throughout the continental United States. The portfolio includes non-regulated renewable energy and energy storage businesses. As of December 31, 2016, Commercial Renewables' renewable energy included utility-scale wind and solar generation assets, which totaled 2,900 MW across 14 states from 21 wind farms and 63 commercial solar farms. The Company is engaged in selling the power produced from renewable generation through long-term contracts to utilities, electric cooperatives, municipalities and commercial and industrial customers.
Duke Energy Corp
422 S Church St
CHARLOTTE NC 28242-0900
Company Web Links
- UPDATE 1-Duke Energy plans to decommission Florida nuke plant sooner than expected
- Duke Energy plans to decommission retired Florida nuclear plant by 2027
- Ohio House passes bill to save nuclear power plants
- Dominion to resume work on U.S. Atlantic Coast natgas pipe in third quarter
- Dominion to resume work on U.S. Atlantic Coast natgas pipe in 3rd qtr