Duke Energy is a major utility holding company in the United States, providing electric and gas services to customers across the Southeast and Midwest. Through its regulated electric utilities and natural gas distribution businesses, the company delivers reliable power and fuel to residential, commercial and industrial customers. Its vertically integrated model encompasses generation, transmission and distribution networks, ensuring coordinated operations from power plants to end users.
The company owns and operates a diversified fleet of generation assets, including nuclear, coal-fired, natural gas, hydroelectric, wind and solar facilities. In recent years, Duke Energy has accelerated investments in grid modernization, energy storage and renewable energy integration to support evolving customer needs and environmental goals. Its infrastructure enhancements aim to improve resiliency, incorporate distributed energy resources and enable the transition to lower-carbon energy sources.
With roots dating back to the early 20th century, Duke Energy traces its origin to a small hydroelectric project established by industrialist James B. Duke. Over decades of growth, the company expanded through strategic mergers and acquisitions, including its 2012 combination with Progress Energy and the 2016 purchase of a leading regional natural gas distributor. These moves broadened its footprint to encompass six states and strengthened its position as one of the nation’s largest regulated utilities.
Under the leadership of President and Chief Executive Officer Lynn Good, Duke Energy continues to pursue a balanced approach between meeting immediate customer demands and advancing long-term sustainability objectives. The company’s senior management team emphasizes stakeholder engagement, robust governance and disciplined capital allocation as it navigates regulatory environments and emerging industry trends. Duke Energy remains focused on delivering safe, affordable and increasingly cleaner energy to its communities.
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