Duke Energy Foundation Awards 32 Community Grants for Revitalization
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
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Should l Buy DUK?
Source: PRnewswire
- Funding Amount and Projects: The Duke Energy Foundation has awarded 32 grants totaling over $250,000 to support nonprofit organizations in North Carolina, South Carolina, Ohio, Indiana, Kentucky, and Florida, aimed at revitalizing parks, playgrounds, and shared green spaces.
- Community Engagement and Environmental Improvement: The funding will support community-led cleanups, public landscaping, playground improvements, and trail enhancements, enhancing outdoor spaces where families and individuals gather for recreation and community events.
- America250 Anniversary Initiative: These grants represent the first announced awards under the Duke Energy Foundation's America250 initiative, which involves over $1 million in investments to support community-driven projects across the company's service territories in recognition of America's 250th anniversary.
- Volunteer Activities and Long-term Impact: The grants coincide with Earth Day volunteer efforts, as Duke Energy employees participate in park cleanups and beautification projects, aiming to improve shared spaces and deliver tangible local impact through these grants and volunteer efforts.
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Analyst Views on DUK
Wall Street analysts forecast DUK stock price to rise
11 Analyst Rating
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 128.030
Low
115.00
Averages
132.09
High
146.00
Current: 128.030
Low
115.00
Averages
132.09
High
146.00
About DUK
Duke Energy Corporation is an energy holding company. The Company operates through two segments: Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. EU&I provides retail electric service through the generation, transmission, distribution, and sale of electricity to customers within the Southeast and Midwest regions of the United States. The GU&I segment conducts natural gas operations primarily through the regulated public utilities of Piedmont, Duke Energy Ohio, and Duke Energy Kentucky. GU&I serves residential, commercial, industrial, and power generation natural gas customers, including customers served by municipalities who are wholesale customers. It also purchases a diverse portfolio of transportation and storage services from interstate pipelines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Duke Energy Foundation Awards Grants to Nonprofits
- Community Investment Initiative: The Duke Energy Foundation is awarding $22,500 to five nonprofit organizations through its America250 initiative, which is part of a first-round investment exceeding $250,000 across the company's six-state service area, aimed at strengthening communities in Florida.
- Historical Commemoration Projects: These grants represent the first announced funding under the Duke Energy Foundation's America250 initiative, which includes over $1 million in community-driven project investments to celebrate America's 250th anniversary, with more recipients to be announced, including support for veterans' workforce pathways and history education initiatives.
- Annual Philanthropic Support: The Duke Energy Foundation provides nearly $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work, demonstrating the company's ongoing commitment to community development.
- Energy Modernization Strategy: As one of America's largest energy holding companies, Duke Energy is executing an energy modernization strategy, investing in electric grid upgrades and efficient generation resources to enhance system capacity and meet growing energy demands.
See More
Duke Energy Foundation Funds Community Development Initiatives
- Funding Amount: The Duke Energy Foundation is awarding $22,500 to five nonprofit organizations through its America250 initiative, part of a first-round investment exceeding $250,000 aimed at strengthening sustainable community development across Florida.
- Housing Project: The Citizens of Gulf County Recovery Team is building homes valued at $450,000 in Gulf County, prioritizing county and city employees and first responders, with a $5,000 grant from Duke Energy helping to purchase energy-efficient appliances, thereby reducing homeownership costs.
- Accessibility Facilities: The Foundation will use a $5,000 grant to construct an ADA-compliant boardwalk in Mexico Beach, ensuring safe access for individuals with mobility challenges to the shoreline while preserving the integrity of the natural dune system, enhancing community accessibility.
- Community Events: The Jefferson County Historical Association will utilize a $5,000 grant to host Independence Day celebrations, including concerts and fireworks, aimed at fostering community cohesion and celebrating America's 250th anniversary, promoting local cultural heritage.
See More
Duke Energy Foundation Awards 32 Community Grants for Revitalization
- Funding Amount and Projects: The Duke Energy Foundation has awarded 32 grants totaling over $250,000 to support nonprofit organizations in North Carolina, South Carolina, Ohio, Indiana, Kentucky, and Florida, aimed at revitalizing parks, playgrounds, and shared green spaces.
- Community Engagement and Environmental Improvement: The funding will support community-led cleanups, public landscaping, playground improvements, and trail enhancements, enhancing outdoor spaces where families and individuals gather for recreation and community events.
- America250 Anniversary Initiative: These grants represent the first announced awards under the Duke Energy Foundation's America250 initiative, which involves over $1 million in investments to support community-driven projects across the company's service territories in recognition of America's 250th anniversary.
- Volunteer Activities and Long-term Impact: The grants coincide with Earth Day volunteer efforts, as Duke Energy employees participate in park cleanups and beautification projects, aiming to improve shared spaces and deliver tangible local impact through these grants and volunteer efforts.
See More
Duke Energy Foundation Awards 32 Community Grants for Green Spaces
- Funding Amount and Projects: The Duke Energy Foundation has announced 32 grants totaling over $250,000 to local nonprofits across six states for revitalizing parks, playgrounds, and shared green spaces, demonstrating the company's commitment to community development.
- Community Engagement and Environmental Improvement: These grants will support community-led cleanups, public landscaping, playground improvements, and trail enhancements, aimed at strengthening outdoor spaces where families and individuals gather for recreation and community events.
- America250 Anniversary Initiative: This funding represents the first announced awards under the Duke Energy Foundation's America250 initiative, with a total investment exceeding $1 million to support community-driven projects in recognition of America's 250th anniversary.
- Annual Philanthropic Support: The Duke Energy Foundation provides nearly $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work, reflecting the company's ongoing commitment to social responsibility.
See More
Duke Energy Seeks Rate Hike to Recover $800M in Costs
- Rate Hike Request: Duke Energy has filed a request with the North Carolina Utilities Commission to raise rates to recover over $800 million in fuel and power purchase costs, reflecting the company's actual expenses incurred during an extreme cold snap.
- Cost Breakdown: The request details $500 million in fuel and power costs for Duke Energy Carolinas and $309 million for Duke Energy Progress, highlighting the direct impact of extreme weather on power supply.
- Customer Impact: Starting June 1, typical residential customers of Duke Energy Carolinas will see an increase of approximately $6.90 per month, while those of Duke Energy Progress will face a $7.88 increase, directly affecting household budgets.
- Market Response: The extreme cold weather drove demand beyond existing generation and storage capacity, forcing Duke Energy to purchase additional power at high market prices from neighboring utilities, reflecting the pressure of market volatility on utility companies.
See More
Duke Energy Seeks Recovery of Winter Fuel Costs
- Extreme Weather Impact: Duke Energy has filed for recovery of approximately $809 million in fuel and purchased power costs due to record customer energy demand during one of the coldest winters in a decade, ensuring reliable electricity supply during peak demand periods.
- Historic Demand Peak: On January 27, energy demand reached a new winter peak of 37,308 megawatt-hours across Duke Energy's Carolinas system, underscoring the critical importance of power reliability during extreme weather conditions.
- Future Investment Plans: To meet the sustained increase in electricity demand, Duke Energy plans to add 19,600 megawatts of new generation capacity over the next decade, including new power plants in North Carolina and South Carolina, aiming to reduce reliance on purchased power from other utilities.
- Customer Support Measures: Duke Energy proposes to extend the recovery period for costs to 19 months to alleviate financial pressure on customers, while also offering various resources to help manage energy use and bills, ensuring stable power supply amid economic growth.
See More
Duke Energy Foundation Awards Grants to Nonprofits
- Community Investment Initiative: The Duke Energy Foundation is awarding $22,500 to five nonprofit organizations through its America250 initiative, which is part of a first-round investment exceeding $250,000 across the company's six-state service area, aimed at strengthening communities in Florida.
- Historical Commemoration Projects: These grants represent the first announced funding under the Duke Energy Foundation's America250 initiative, which includes over $1 million in community-driven project investments to celebrate America's 250th anniversary, with more recipients to be announced, including support for veterans' workforce pathways and history education initiatives.
- Annual Philanthropic Support: The Duke Energy Foundation provides nearly $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work, demonstrating the company's ongoing commitment to community development.
- Energy Modernization Strategy: As one of America's largest energy holding companies, Duke Energy is executing an energy modernization strategy, investing in electric grid upgrades and efficient generation resources to enhance system capacity and meet growing energy demands.
See More
Duke Energy Foundation Funds Community Development Initiatives
- Funding Amount: The Duke Energy Foundation is awarding $22,500 to five nonprofit organizations through its America250 initiative, part of a first-round investment exceeding $250,000 aimed at strengthening sustainable community development across Florida.
- Housing Project: The Citizens of Gulf County Recovery Team is building homes valued at $450,000 in Gulf County, prioritizing county and city employees and first responders, with a $5,000 grant from Duke Energy helping to purchase energy-efficient appliances, thereby reducing homeownership costs.
- Accessibility Facilities: The Foundation will use a $5,000 grant to construct an ADA-compliant boardwalk in Mexico Beach, ensuring safe access for individuals with mobility challenges to the shoreline while preserving the integrity of the natural dune system, enhancing community accessibility.
- Community Events: The Jefferson County Historical Association will utilize a $5,000 grant to host Independence Day celebrations, including concerts and fireworks, aimed at fostering community cohesion and celebrating America's 250th anniversary, promoting local cultural heritage.
See More
Duke Energy Foundation Awards 32 Community Grants for Revitalization
- Funding Amount and Projects: The Duke Energy Foundation has awarded 32 grants totaling over $250,000 to support nonprofit organizations in North Carolina, South Carolina, Ohio, Indiana, Kentucky, and Florida, aimed at revitalizing parks, playgrounds, and shared green spaces.
- Community Engagement and Environmental Improvement: The funding will support community-led cleanups, public landscaping, playground improvements, and trail enhancements, enhancing outdoor spaces where families and individuals gather for recreation and community events.
- America250 Anniversary Initiative: These grants represent the first announced awards under the Duke Energy Foundation's America250 initiative, which involves over $1 million in investments to support community-driven projects across the company's service territories in recognition of America's 250th anniversary.
- Volunteer Activities and Long-term Impact: The grants coincide with Earth Day volunteer efforts, as Duke Energy employees participate in park cleanups and beautification projects, aiming to improve shared spaces and deliver tangible local impact through these grants and volunteer efforts.
See More
Duke Energy Foundation Awards 32 Community Grants for Green Spaces
- Funding Amount and Projects: The Duke Energy Foundation has announced 32 grants totaling over $250,000 to local nonprofits across six states for revitalizing parks, playgrounds, and shared green spaces, demonstrating the company's commitment to community development.
- Community Engagement and Environmental Improvement: These grants will support community-led cleanups, public landscaping, playground improvements, and trail enhancements, aimed at strengthening outdoor spaces where families and individuals gather for recreation and community events.
- America250 Anniversary Initiative: This funding represents the first announced awards under the Duke Energy Foundation's America250 initiative, with a total investment exceeding $1 million to support community-driven projects in recognition of America's 250th anniversary.
- Annual Philanthropic Support: The Duke Energy Foundation provides nearly $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work, reflecting the company's ongoing commitment to social responsibility.
See More
Duke Energy Seeks Rate Hike to Recover $800M in Costs
- Rate Hike Request: Duke Energy has filed a request with the North Carolina Utilities Commission to raise rates to recover over $800 million in fuel and power purchase costs, reflecting the company's actual expenses incurred during an extreme cold snap.
- Cost Breakdown: The request details $500 million in fuel and power costs for Duke Energy Carolinas and $309 million for Duke Energy Progress, highlighting the direct impact of extreme weather on power supply.
- Customer Impact: Starting June 1, typical residential customers of Duke Energy Carolinas will see an increase of approximately $6.90 per month, while those of Duke Energy Progress will face a $7.88 increase, directly affecting household budgets.
- Market Response: The extreme cold weather drove demand beyond existing generation and storage capacity, forcing Duke Energy to purchase additional power at high market prices from neighboring utilities, reflecting the pressure of market volatility on utility companies.
See More
Duke Energy Seeks Recovery of Winter Fuel Costs
- Extreme Weather Impact: Duke Energy has filed for recovery of approximately $809 million in fuel and purchased power costs due to record customer energy demand during one of the coldest winters in a decade, ensuring reliable electricity supply during peak demand periods.
- Historic Demand Peak: On January 27, energy demand reached a new winter peak of 37,308 megawatt-hours across Duke Energy's Carolinas system, underscoring the critical importance of power reliability during extreme weather conditions.
- Future Investment Plans: To meet the sustained increase in electricity demand, Duke Energy plans to add 19,600 megawatts of new generation capacity over the next decade, including new power plants in North Carolina and South Carolina, aiming to reduce reliance on purchased power from other utilities.
- Customer Support Measures: Duke Energy proposes to extend the recovery period for costs to 19 months to alleviate financial pressure on customers, while also offering various resources to help manage energy use and bills, ensuring stable power supply amid economic growth.
See More
