South Carolina
The Supreme Court should reject an appeal from Duke Energy of an antitrust case it lost in lower courts, the Office of the Solicitor General said.
U.S. electricity outage hours reached their highest levels in a decade in 2024 due to the impact of Hurricanes Beryl, Helene and Milton, the EIA reported.
Duke Energy filed its long-range plan with the North Carolina Utilities Commission, calling for more natural gas-fired generation and batteries while keeping existing coal plants online to meet accelerated demand for electricity.
Duke Energy has asked state and federal regulators to combine its two electric utilities that serve the Carolinas in a move it said would result in billions of dollars of customer savings.
Duke Energy reported earnings of $1.25/share for the second quarter, and its CEO told analysts the company also came out ahead with state and federal legislation.
Duke Energy described plans to invest up to $200 billion in the next decade to meet demand growth across its multiple utilities during an earnings call for the first quarter of 2025.
Duke Energy is considering nuclear for its long-term plans, but it may take decades before the resource is being installed at scales similar to gas plants, solar or wind today.
Duke Energy’s leadership changed the guard during its first-quarter earnings call as retiring CEO Lynn Good and her replacement, Harry Sideris, split the presentation.
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.
Dominion Energy reported net income of $953 million in the third quarter this year, as it continued to see load growth from data centers, progress on its offshore wind project, and infrastructure damage from Hurricane Helene.
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