# Duke Energy Corporation

> Duke Energy is a publicly traded U.S. utility holding company whose subsidiaries generate and deliver electricity and distribute natural gas. Its network serves about 8.7 million electric customer accounts in six states and 1.6 million gas accounts in four states, with investment focused on reliability, generation and grid modernization.

- **Founded:** 1904
- **Headquarters:** Charlotte, United States
- **Founders:** James Buchanan Duke (Founder and financier of Southern Power, a predecessor company), Walker Gill Wylie (Hydropower pioneer and predecessor-company founder), William States Lee (Founding engineer of the predecessor power system)
- **Products:** Electric utility service, Natural gas utility service, Grid modernization, Customer account and efficiency tools, Proposed Accelerating Clean Energy tariffs
- **Notable:** Company reports that self-healing technology avoided 2.2 million customer outages and 5.2 million outage hours during 2025., Ranked third among electric and gas utilities in Fortune’s 2026 World’s Most Admired Companies list, according to Duke’s February announcement., Completed the sale of its unregulated utility-scale renewables business in October 2023 to focus on regulated utilities.

## Products & services

- **Electric utility service** — Generation, transmission and distribution for households, businesses and industry in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.
- **Natural gas utility service** — Gas distribution through Piedmont Natural Gas and Duke Energy Ohio in the Carolinas, Ohio and Kentucky; the Tennessee business was sold in March 2026.
- **Grid modernization** — Smart meters, automated switching, storm hardening and targeted undergrounding to improve reliability.
- **Customer account and efficiency tools** — Online and mobile account management, usage information, outage reporting, efficiency programs and bill assistance, with availability varying by utility.
- **Proposed Accelerating Clean Energy tariffs** — 2024 agreements with large customers explored rate structures and early commitments for advanced carbon-free generation and long-duration storage; these were development agreements, not completed plants.

## Achievements

- Company reports that self-healing technology avoided 2.2 million customer outages and 5.2 million outage hours during 2025.
- Ranked third among electric and gas utilities in Fortune’s 2026 World’s Most Admired Companies list, according to Duke’s February announcement.
- Completed the sale of its unregulated utility-scale renewables business in October 2023 to focus on regulated utilities.

## Latest updates

- **2026-10** — Announced a North Carolina large-load settlement requiring connection payments and security protections, subject to utility commission approval.
- **2026-09** — Asked Carolinas customers to voluntarily reduce consumption between 2 p.m. and 8 p.m. on September 18 during unusually hot weather.
- **2026-08** — Reported second-quarter GAAP EPS of $1.38 and adjusted EPS of $1.43.
- **2026-03** — Completed the $2.48 billion sale of Tennessee Piedmont Natural Gas operations to Spire; proceeds help fund its $103 billion five-year capital plan.

## Links

- Website: https://www.duke-energy.com/
- LinkedIn: https://www.linkedin.com/company/duke-energy-corporation/
- Twitter/X: https://x.com/DukeEnergy
- YouTube: https://www.youtube.com/channel/UCtBjQ6-HX844dw5dD9LJodw
- Instagram: https://www.instagram.com/duke_energy/
- Facebook: https://www.facebook.com/duke.energy/

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Profile page: https://yespress.io/duke-energy-corporation
Published by YesPress — https://yespress.io
Last updated: 2026-10-22