DUK Stock - Duke Energy Corp.

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DUK Profile

Duke Energy Corporation, along with its subsidiaries, functions as a prominent energy company operating within the United States. The company operates through three distinct segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. Within the Electric Utilities and Infrastructure segment, Duke Energy generates, transmits, distributes, and vends electricity primarily in the Carolinas, Florida, and the Midwest regions. It utilizes a diverse array of energy sources, including coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel, to power its electricity generation operations. Furthermore, the segment engages in wholesale electricity transactions, catering to municipalities, electric cooperative utilities, and load-serving entities. Serving approximately 8.2 million customers across six states in the Southeast and Midwest, Duke Energy owns an extensive generation capacity of approximately 50,259 megawatts (MW).

The Gas Utilities and Infrastructure segment of Duke Energy is primarily involved in the distribution of natural gas to residential, commercial, industrial, and power generation customers. Additionally, it owns, operates, and invests in pipeline transmission and natural gas storage facilities. With approximately 1.6 million customers, including significant customer bases in North Carolina, South Carolina, Tennessee, southwestern Ohio, and northern Kentucky, this segment plays a vital role in providing reliable natural gas services to its diverse clientele.

Duke Energy's Commercial Renewables segment focuses on the acquisition, ownership, development, construction, and operation of wind and solar renewable generation projects. This segment also provides nonregulated renewable energy and energy storage services to utilities, electric cooperatives, municipalities, and corporate customers. With a portfolio comprising 23 wind facilities, 178 solar facilities, and 2 battery storage facilities, along with 71 fuel cell locations spanning 22 states, Duke Energy's Commercial Renewables segment continues to expand its renewable energy footprint, contributing to the transition towards cleaner and more sustainable energy sources. Established in 1904 and headquartered in Charlotte, North Carolina, Duke Energy Corporation has evolved into a leading force in the energy sector, continuously innovating to meet the evolving needs of customers and communities across its service teritories.

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