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MarketScreener Homepage  >  Equities  >  Nyse  >  Duke Energy Corporation    DUK

DUKE ENERGY CORPORATION

(DUK)
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Delayed Quote. Delayed Nyse - 10/26 04:10:00 pm
93.18 USD   +0.43%
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Duke Energy : to Expand Solar Power Grid Links in the Carolinas

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09/10/2020 | 01:42pm EDT

By Stephen Nakrosis

Duke Energy Corp. reached an agreement with "most of the major solar industry developers in North Carolina and South Carolina" to connect more solar power to Duke's grid, the company said on Thursday.

Solar projects totaling several hundred megawatts are targeted for completion in 2021 and 2022, the power company said. "The parties also agreed to resolve several long-standing formal and informal interconnection disputes," Duke said.

A notice of the settlement has been filed with the N.C. Utilities Commission and the Public Service Commission of S.C. asking for "regulatory approval of certain limited waivers necessary to implement the agreement," Duke said.

Duke Energy also said it reached an agreement with the North Carolina Clean Energy Business Alliance and the North Carolina Sustainable Energy Association to improve the interconnection process.

Duke will seek "a more efficient process of studying interconnection requests in clusters," rather than the current one-by-one process, the company said. "The cluster study method has been adopted by several states and system operators around the nation and provides a more predictable path to interconnection -- studying only those projects that are committed to becoming operational within a certain period."

Implementation will require approval by the NCUC, SCPSC and the Federal Energy Regulatory Commission, Duke said.

Duke said it has over 3,500 MW of solar capacity connected to its energy grid in the Carolinas and has connected more than 500 solar generators operated by other companies in those states.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
DUKE ENERGY CORPORATION 0.43% 93.18 Delayed Quote.2.16%
WTI 0.10% 38.635 Delayed Quote.-36.11%
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Financials (USD)
Sales 2020 25 403 M - -
Net income 2020 3 116 M - -
Net Debt 2020 63 867 M - -
P/E ratio 2020 21,3x
Yield 2020 4,15%
Capitalization 68 528 M 68 528 M -
EV / Sales 2020 5,21x
EV / Sales 2021 5,12x
Nbr of Employees 28 793
Free-Float 94,7%
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Technical analysis trends DUKE ENERGY CORPORATION
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 94,67 $
Last Close Price 93,18 $
Spread / Highest target 13,8%
Spread / Average Target 1,60%
Spread / Lowest Target -8,78%
EPS Revisions
Managers
NameTitle
Lynn J. Good Chairman, President & Chief Executive Officer
Dhiaa M. Jamil Chief Operating Officer & Executive Vice President
Steven K. Young Chief Financial Officer & Executive Vice President
Bonnie Titone Chief Information Officer
Michael G. Browning Lead Independent Director
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