Monday, December 2, 2024
Duke Energy misses Q4 profit estimates on higher interest costs, raises capex- oil and gas 360

Duke Energy misses Q4 profit estimates on higher interest costs, raises capex

Yahoo Finance Utility firm Duke Energy missed fourth-quarter profit estimates on Thursday on higher interest expenses and raised its five-year capex by $8 billion to support its transition to renewable energy. The U.S. Federal Reserve’s interest-rate hikes to tame inflation have made borrowing more expensive for businesses, impacting utility firms like Duke. The company’s quarterly interest expense for its Electric

Duke Energy to sell distributed generation portfolio in $364 million deal- oil and gas 360

Duke Energy to sell distributed generation portfolio in $364 million deal

Yahoo Finance Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. The business includes operating assets of REC Solar, which Duke had acquired in 2015, development pipeline and operations and maintenance portfolio, as well as distributed fuel cell projects managed by Bloom Energy.

NextEra's Duke Energy bid faces plethora of regulatory hurdles- oil and gas 360

NextEra’s Duke Energy bid faces plethora of regulatory hurdles

Reuters NEW YORK – NextEra Energy Inc Chief Executive James Robo joked last week he does not pursue small acquisitions because the reward is not worth the “brain damage” of getting them past regulators. Yet his $65 billion-plus pursuit of Duke Energy Corp will only pay off if he can overcome major regulatory hurdles in putting together the biggest ever

Duke Energy- oil and gas 360

Duke takes $1.6 billion charge to exit Atlantic Coast natgas pipe

Reuters  U.S. energy company Duke Energy Corp said Monday it took a $1.6-billion after-tax charge in the second quarter for the cancellation of the Atlantic Coast natural gas pipeline from West Virginia to North Carolina. Atlantic Coast was the most expensive U.S. gas pipeline under construction when Duke and partner Dominion Energy Inc exited the $8-billion project in July due

3 Utilities to Buy While Others Are Fearful - oilandgas360

3 Utilities to buy while others are fearful

360 Feedwire Wall Street fell into a bear market in just a few weeks and then bounced back in just a few days, jumping by more than 20% in record time. And now stock prices are falling again. To suggest that this is an uncertain time for stocks would be an understatement. We all know that COVID-19 is the primary

Climate change and the coal industry

Climate change and the coal industry; how are regulations impacting coal production.

WTHI-TV10 Oil & Gas Publishers Note: WTHI-TV10 provides a good report on the coal industry, and some good advice is offered in the report: “We need more diversity on our system that our customers would be hurt if we have to comply with carbon regulations very quickly. You can’t build new power generations overnight. It takes long-range planning.” TERRE HAUTE,

Duke Energy Needs ‘Plan B’ If Atlantic Coast Pipeline Fails, CEO Says

From Bloomberg Duke Energy Corp. will need another way to shuttle natural gas to customers in the U.S. Southeast if the troubled Atlantic Coast shale pipeline fails to overcome legal setbacks, Chief Executive Officer Lynn Good said. “Atlantic Coast pipeline was sized and designed with a time frame to meet the needs of our customers,” Good said Monday in an interview

State-of-the-Art Gas Fired Power Station is Generating Power for 2.5 Million People after Conversion from Coal

$700 million investment addresses growth in the region and expected future energy demand  Project benefited 150 companies, contributed $12 million to local subcontractors A new 750-megawatt combined-cycle natural gas plant at the W.S. Lee Station in Anderson County, S.C., began generating gas-fired power for Duke Energy (ticker: DUK) customers last week in South Carolina and North Carolina. Construction of the $700 million plant started in March 2015. Duke said

Duke Energy to Break Ground on 1,640 MW Gas Plant Next Week

Combined Cycle Gas Plants Taking Over Coal Generation at a Fast Clip Duke Energy (ticker: DUK; Duke-Energy.com), one of the power generation giants, is wasting no time replacing coal plants with state of the art gas-fired plants–big ones. Duke will break ground for a new 1,640 megawatt combined-cycle natural gas plant in Citrus County, Florida, on March 2. The plant will provide electricity

Electrical power

Duke Energy Acquires Piedmont for Total Consideration of $6.7 Billion

Duke gains 1 million new customers in Piedmont acquisition North Carolina based Duke Energy (ticker: DUK) announced that it will acquire Piedmont Natural Gas (ticker: PDM) for $4.9 billion in cash, and assume Piedmont’s $1.8 billion in debt, for total consideration of $6.7 billion. The acquisition was unanimously approved by the boards of both companies. Upon transaction closing, Piedmont shareholders