About Duke Energy Corporation (DUK)

Company Description:

Duke Energy Corporation is a prominent player in the utilities sector, specifically focusing on regulated electric services. It operates through various segments, including Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables.

Founded in 1904, Duke Energy has grown to become one of the largest electric power holding companies in the United States, with its headquarters located in Charlotte, North Carolina.

Main Product(s):

Duke Energy primarily generates, transmits, distributes, and sells electricity. The company also engages in natural gas distribution and provides various related services.

Short History of Duke Energy Corporation:

• 1904 – The company was founded, originally focusing on hydroelectric power.
• 1924 – Merged with Southern Power Company, expanding its reach.
• 1997 – Merged with PanEnergy, a natural gas company.
• 2006 – Duke Energy spun off its gas business but later expanded into natural gas distribution through acquisitions.
• 2012 – Merger with Progress Energy, making it one of the largest U.S. utility companies.
• Recent Years – Focused on transitioning to more sustainable and renewable energy sources.