Duke Energy Corp
(NYSE: DUK)
68.23
+0.58
+0.86%
+0.58
+0.86%
MORE ON DUK
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Duke Energy Corporation |
| Industry: | Utilities - Regulated Electric |
| Employees: | 18,249 |
DESCRIPTION
| Duke Energy Holding Corp. was incorporated in Delaware on May 3, 2005. Duke Energy Corporation is an energy company headquartered in Charlotte, North Carolina. Its regulated utility operations serve 4 million customers located in five states in the Southeast and Midwest United States, representing a population of approximately 12 million people. Its Commercial Power and International Energy business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the U.S. Duke Energy operates in the U.S. mainly through its direct and indirect wholly-owned subsidiaries, Duke Energy Carolinas, LLC, Duke Energy Ohio, Inc., which includes Duke Energy Kentucky, Inc., and Duke Energy Indiana, Inc., as well as in Latin America through Duke Energy International, LLC. Duke Energy business segments are: U.S. Franchised Electric and Gas (USFE&G), Commercial Power and International Energy. USFE&G generates, transmits, distributes and sells electricity in central and western North Carolina, western South Carolina, central, north central and southern Indiana, and northern Kentucky. USFE&G also transmits, distributes and sells electricity in southwestern Ohio. Additionally, USFE&G transports and sells natural gas in southwestern Ohio and northern Kentucky. It conducts operations mainly through Duke Energy Carolinas, the regulated transmission and distribution operations of Duke Energy Ohio, including Duke Energy Kentucky, and Duke Energy Indiana (Duke Energy Ohio, Duke Energy Indiana and Duke Energy Kentucky collectively referred to as Duke Energy Midwest). Commercial Power owns, operates and manages power plants and engages in the wholesale marketing and procurement of electric power, fuel and emission allowances related to these plants as well as other contractual positions. Commercial Power’s generation operations, excluding renewable energy generation assets, consist mainly of coal-fired and gas-fired non-regulated generation assets which are dispatched into wholesale markets. These assets are comprised of 7,550 net MW of power generation mainly located in the Midwestern U.S. The asset portfolio has a diversified fuel mix with base-load and mid-merit coal-fired units as well as combined cycle and peaking natural gas-fired units. International Energy principally operates and manages power generation facilities and engages in sales and marketing of electric power, natural gas, and natural gas liquids outside the U.S. It conducts operations through Duke Energy International, LLC (DEI) and its affiliates and its activities principally target power generation in Latin America. Additionally, International Energy owns a 25% interest in National Methanol Company (NMC), a large regional producer of methanol and methyl tertiary butyl ether (MTBE) located in Saudi Arabia. USFE&G’s competition in the regulated electric distribution business is mainly from the on-site generation of industrial customers. USFE&G also competes with other utilities and marketers in the wholesale electric business. Commercial Power’s main competitors include other non-regulated generators in the Midwestern U.S., wholesale power providers, coal and natural gas suppliers, and renewable energy. International Energy’s competitors are country and region-specific but include government-owned electric generating companies, local distribution companies with self-generation capability and other privately-owned electric generating and marketing companies. The Duke Energy Registrants are subject to federal, state and local laws and regulations with regard to air and water quality, hazardous and solid waste disposal and other environmental matters. Commercial Power is subject to regulation at the federal level, mainly from FERC. |
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