Duke Energy reported third-quarter earnings of $1.226 billion ($1.60/share), a dip of about 15% from the same period in 2023, as its utility territories were hit by three hurricanes.

The Southeast’s traditionally risk-averse vertically integrated utilities are now embracing the clean energy transition, driven by economic development in the form of new industry and data centers.

The NCUC approved Duke Energy's second Carbon Plan and Integrated Resource Plan, authorizing procurements of renewable energy, nuclear and demand response, while calling for its 8,000 MW of coal to be retired in 2036.

While most customers have seen their power restored since Hurricane Helene hit, some of the hardest hit and most remote customers could wait weeks to get their lights back.

A lower court found Duke was just competing for business, but the appeals panel of three judges has open questions on whether market power was abused.

FERC rejected a proposal Duke Energy filed to update its transmission planning process in the Carolinas due to a cost threshold in the proposal, saying other aspects of the filing seemed just and reasonable.

Duke Energy saw quarterly earnings slip due to low demand, but a growing economy and the transition to cleaner energy had its executives highlighting future growth opportunities on its earnings call Thursday.

Duke Energy Progress and North Carolina Eastern Municipal Power Agency filed a settlement with FERC regarding the latter using batteries to shave its peak demand.