Reported 3 days ago
Duke Energy Corporation (NYSE:DUK), one of the largest electric utility companies in the U.S., reported nearly $1 billion in profits for Q2 2025, benefiting from rate increases and significant commercial growth, particularly from a $10 billion investment in Amazon data centers in North Carolina. The company is focused on expanding its natural gas generation and plans to merge its two North Carolina utilities by January 2027, aiming to standardize rates and save customers around $1 billion. To support an ambitious $87 billion growth plan, Duke Energy sold stakes in its Florida utility and its Tennessee natural gas business, enhancing its financial position.
Source: YAHOO