DUK – Duke Energy Corporation
Duke Energy Corporation (DUK) along with its subsidiaries operates as an energy company. The company was founded in 1904 and was formerly known as Duke Energy Holding Corp, until it changed its name in April 2005. It is headquartered in Charlotte, North Carolina and operates in three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables.
The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity to clients in North & South Carolina, Florida and the Midwest, using coal, hydroelectric, natural gas, oil, renewable energy and nuclear to generate electricity. This segment has approximately 8.2 million customers, covering a service territory of approximately 91,000 square miles; and owns approximately 50,259 megawatts (MW) of generation capacity.
The Gas Utilities and Infrastructure segment distributes natural gas to residential, commercial, industrial, and power generation natural gas customers. The segment invests in and operates pipeline transmission and natural gas storage facilities, with approximately 2 million customers in the Carolinas Tennessee, Southwestern Ohio and Northern Kentucky.
The Commercial Renewables segment acquires, owns, develops, builds, and operates wind and solar renewable generation projects and sells to utilities, electric cooperatives, municipalities, and corporate customers. The segment has 23 wind, 178 solar, and 2 battery storage facilities, as well as 71 fuel cell locations.