Powering the Future: A Closer Look at Duke Energy
With a staggering market capitalization of $86 billion and total plant and equipment assets valued at approximately $180 billion, Duke Energy stands tall as the largest electric power holding company in the United States.
A Shift in Focus
Following the sale of its commercial renewables business in 2023, Duke Energy has transformed into a fully regulated utility company. This strategic move has enabled the company to focus on its core strengths, serving a vast customer base of approximately 8.2 million electric customers across six states in the Southeast and Midwest, as well as 1.6 million natural gas customers.
A Nuclear Powerhouse
Duke Energy boasts the largest regulated nuclear generation fleet in the country, with six nuclear generators operating in North and South Carolina. This significant asset contributes substantially to the company’s revenue, with electricity accounting for about 92% of total 2023 revenue. The company’s consolidated generating capacity stands at an impressive 50,000 megawatts.
Expanding Horizons
As the energy landscape continues to evolve, Duke Energy is shifting its focus towards transmission and renewable generation. The company has outlined plans to expand its capabilities in these areas, driving growth and sustainability in the process. By doing so, Duke Energy is poised to remain at the forefront of the energy industry, powering the future for generations to come.
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