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HomeDuke Energy

Duke Energy

Crude Oil News

Daily Energy Standup Episode #273 – Duke’s Rate Hike, BlackRock Lawsuit, and Global Supply Chain Concerns

December 18, 2023 Andy Del Prado

Daily Standup Top Stories Woke Duke Energy Jacks Up Electric Rates to Pay for ESG, Zero Carbon Mandates December 18, 2023 Mariel Alumit Duke Energy has thrown consumers under the proverbial (electric) bus to make their […]

Energy
Electric Vehicles

Woke Duke Energy Jacks Up Electric Rates to Pay for ESG, Zero Carbon Mandates

December 18, 2023 Mariel Alumit

Duke Energy has thrown consumers under the proverbial (electric) bus to make their operations carbon neutral by 2050. As a result, electricity prices in North Carolina may increase by 19% over the next three years. The company’s […]

NASCAR
Electrical Generation / Utilities

Group representing NASCAR and other N.C. companies says Duke Energy needs to pick up the pace on clean energy

December 13, 2023 Stu Turley

​ Charlotte-based NASCAR, like so many of its Fortune 500 advertisers, has lofty goals to reduce its carbon footprint and invest in renewable energy. But just as stock-car racing has long held prominence in the […]

Duke Energy
Electrical Generation / Utilities

N.C. manufacturers move to abolish Duke Energy customer assistance program, dismaying advocates

November 1, 2023 Mariel Alumit

​ A powerful consortium of pulp mills, pipe foundries and other manufacturers has moved to block an aid program for Duke Energy’s poorest residential customers — provoking dismay among the clean energy advocates who had […]

Offshore wind farms
Energy Transition

Major headwinds threaten off-shore wind targets

October 10, 2023 Mariel Alumit

The pervasive narratives about off-shore wind in recent years have been that costs are falling, and that wind power is cheap. But as I noted in a previous blog, and in my latest article for The Telegraph, things […]

Energy
Electrical Generation / Utilities

As Duke Energy rate hikes loom in N.C., deal could lessen blow for energy burdened

September 7, 2023 Mariel Alumit

​ Queen Greene of Roxboro, North Carolina, was among the many Duke Energy customers who spoke out this year against the company’s proposed rate hike. “I should not have to choose between food this month […]

Energy
Coal

Duke Energy Plans Replacement of Coal Plant with SMR

August 21, 2023 Mariel Alumit

Duke Energy Plans Replacement of Coal Plant with SMR (NucNet contributed to this report) In a classic case of seeking new lamps for old, Duke Energy (NYSE:DUK) is rubbing the bottle of the nuclear genie by […]

Nuclear
Electrical Generation / Utilities

Duke Energy Files IRP, Proposes Gas, Nuclear and Renewables

August 16, 2023 Mariel Alumit

Duke Energy filed plans to ensure energy reliability for its customers in South Carolina, focusing on gas-fired power plants, nuclear reactors, and renewable energy as it moves away from coal. Duke Energy Carolinas and Duke […]

Duke
Electrical Generation / Utilities

Duke Energy to sell distributed generation portfolio in $364 million deal

July 6, 2023 Mariel Alumit

(Reuters) – Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. The business includes operating assets of […]

Renewables
Electrical Generation / Utilities

Duke Energy Sells Commercial Renewables for $2.8 Billion

June 16, 2023 Mariel Alumit

North Carolina-based energy holding company, Duke Energy has reached an agreement to sell its unregulated utility-scale commercial renewables business to Brookfield Renewable, owners and operators of renewable power and climate transition assets, at an enterprise value of approximately […]

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