Duke Energy Corporation

2026-06-12 09:41:29

Overnight storms have caused power outages for nearly 4,000 Duke Energy customers across Greater Cincinnati. Two main outage areas are reported in Covington's Austinburg neighborhood and around Oakland Road in Loveland, with approximately 1,000 customers affected in each. Restoration times are estimated to vary from early morning until past noon.

2026-06-12 06:27:31

Duke Energy has received up to US$61.8 million in new grant funding from the U.S. Department of Energy to refurbish coal-fired plants, adding to a previous grant for a total of nearly US$96 million. This federal support, combined with broader grid initiatives, aims to reduce customer costs and meet power demand, potentially reshaping Duke Energy's investment narrative and risk profile. However, investors are cautioned that increasing capital needs could still strain the company's balance sheet and rate structures.

2026-06-12 05:01:27

Georgia Power is urging its customers to prepare for the Atlantic hurricane season, which runs until November 30. Despite a forecast of a below-normal season, the company highlights its grid modernization efforts, including a $1.3 billion investment over three years, which proved crucial during Hurricane Helene in 2024. Customers are advised to build emergency kits, secure loose items, and stay informed through the Georgia Power mobile app and outage alerts.

2026-06-12 01:10:04

An administrative law judge has recommended rejecting Consumers Energy's proposal to sell its 13 aging hydroelectric dams to an out-of-state private equity firm for $1 each. The judge deemed the deal "unreasonable and imprudent," citing concerns about potential electricity rate hikes, public safety risks, and a loss of state oversight. Consumers Energy maintains the sale would benefit customers and communities, but environmental groups and local residents oppose it, arguing the utility should not abandon its responsibilities.

2026-06-11 17:22:00

North Carolina consumer advocates are proposing separate energy rates for data centers and other large electricity users, aiming to prevent residential utility bills from skyrocketing. This push comes as Duke Energy Carolinas requests a 14% rate increase, and advocates argue that massive energy consumers should be billed distinctly to avoid household subsidies for grid infrastructure. The proposed solution includes mandatory tariffs for large users, with minimum monthly bills and exit fees, alongside potential requirements to scale back operations during peak demand.

2026-06-11 17:12:22

The Grand River Dam Authority (GRDA) in Oklahoma, with support from the Trump administration, has reversed its plan to decommission its last coal-fired unit. Instead, GRDA will invest millions in upgrades, supplemented by a $28.5 million grant from the federal Energy Department, to keep the unit operational for several more years. This decision comes as part of a broader Trump administration effort, using the Defense Production Act, to support the domestic coal industry and extend the life of aging coal plants, a move criticized by environmental groups who advocate for cleaner, more affordable energy sources.