Duke Energy Corp DUK

Overview

Duke Energy Corporation, with its subsidiaries, stands as a prominent energy company in the United States. The company categorizes its operations into two main segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I), focusing on providing comprehensive energy solutions across the Carolinas, Florida, and the Midwest. Duke Energy has evolved over time, transitioning from Duke Energy Holding Corp. to Duke Energy Corporation in April 2006, with its roots tracing back to 1904. The headquarters of Duke Energy is located in Charlotte, North Carolina, highlighting its long-standing presence and commitment to energy production, distribution, and innovation on American soil.

Products and Services

• Electric Utilities and Infrastructure (EU&I)

This segment of Duke Energy is instrumental in generating, transmitting, distributing, and selling electricity. Primarily serving the Carolinas, Florida, and the Midwest, EU&I capitalizes on a diverse mix of energy sources including coal, hydroelectric, natural gas, oil, and increasingly, renewables like solar and wind energy, along with nuclear fuel. Through strategic wholesale electricity sales, Duke Energy EU&I extends its services to municipalities, electric cooperative utilities, and various load-serving entities, ensuring a reliable and extensive energy supply across its operational regions.

• Gas Utilities and Infrastructure (GU&I)

GU&I takes charge of distributing natural gas to a broad spectrum of customers including residential, commercial, industrial, and power generation sectors. This segment not only focuses on effective natural gas delivery but also ventures into pipeline transmission projects, renewable natural gas projects, and the operation of natural gas storage facilities. The dedication to expanding and upgrading infrastructure reflects Duke Energy's commitment to sustainability, efficiency, and meeting the growing energy needs of its diverse customer base through innovative and eco-friendly initiatives.