Description

Duke Energy Corporation (DUK-PA) is a prominent energy provider operating across the United States, managing its diverse portfolio through three main divisions: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment is responsible for the generation, transmission, distribution, and sale of electricity, primarily serving customers in the Carolinas, Florida, and the Midwestern states. It utilizes a diverse fuel mix, including coal, hydroelectric, natural gas, oil, renewable sources, and nuclear power. This segment also supplies wholesale power to various entities such as municipalities, electric cooperatives, and other load-serving organizations. It caters to approximately 8.2 million customers spread across six states in the Southeast and Midwest, covering an expansive service area of about 91,000 square miles. Its significant operational capacity stands at roughly 50,259 megawatts (MW). The Gas Utilities and Infrastructure segment focuses on the distribution of natural gas to a broad spectrum of clients, including residential, commercial, industrial, and power generation users. The segment's assets encompass ownership, operation, and investment in critical natural gas pipeline transmission and storage facilities. Overall, it serves around 1.6 million customers, with a significant portion (1.1 million) located in North Carolina, South Carolina, and Tennessee, and an additional 550,000 customers in southwestern Ohio and northern Kentucky. The Commercial Renewables segment is dedicated to the acquisition, ownership, development, construction, and operation of renewable energy projects, primarily focusing on wind and solar power, alongside non-regulated renewable energy and energy storage solutions. These services are provided to a diverse clientele, including utilities, electric cooperatives, municipalities, and corporate clients. Its portfolio boasts 23 wind farms, 178 solar installations, 2 battery storage sites, and 71 fuel cell locations. These assets collectively contribute 3,554 MW of capacity across 22 U.S. states. Originally incorporated as Duke Energy Holding Corp., the company officially adopted the name Duke Energy Corporation in April 2005. Established in 1904, its corporate headquarters remain situated in Charlotte, North Carolina.