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INX:DUK, Jun 06, 08:20 UTC

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Tuesday, May 12


News

Duke Energy Corp (DUK) Q1 2020 Earnings Call Transcript

DUK

In March, we shifted nearly 18,000 teammates to remote operations. For teammates in critical roles who could not work remotely, we deployed the best available personal protection equipment, increased disinfecting between shifts, initiated split operations between primary and alternate locations to limit exposure, placed additional restrictions on those accessing our facilities and implemented social distancing policies. These new safety protocols were particularly important during spring storm restoration and generation outages. So far, our teams have completed three nuclear outages and more than 30 fossil/hydro generation outages, all while maintaining focus on safety and delivering on time and on budget. And in mid-April, our transmission and distribution teams quickly responded to more than 900,000 outages across the Midwest and the Carolinas after severe under thunderstorms and tornadoes. But Duke Energy's response has gone well beyond supporting our internal team. Similar to what others are doing across the country, we will work with our regulators to identify the best solutions to recover these costs to support the ongoing financial health of our utilities, while also recognizing the unique needs of our customers during this unprecedented time. Shifting now to our response to the COVID pandemic, Slide 11 highlights the well-planned steps we've taken to bolster our liquidity and financial strength to position us to manage through a variety of potential outcomes. As of April 30, we have a strong available liquidity position of $8.2 billion, which provides the Company valuable flexibility as we plan our remaining capital markets transactions in 2020.

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Sunday, May 10


News

3 Stocks To Watch In The Coming Week: Tesla, Duke Energy, Cisco Systems

DUK TSLA +1 more DUK TSLA CSCO

3 Stocks To Watch In The Coming Week: Tesla, Duke Energy, Cisco Systems. Stock investors pinned their hopes on the US reopening and a quick recovery once the coronavirus pandemic is contained, driving US markets higher during last week's trade, ignoring bad economic data over the same period, and a gloomy earnings outlook from corporate America. The small cap Russell 2000 was up 5.5%, while the S&P 500 gained 3.5% for the week. Since the March low, the benchmark index has gained more than 30%, retracing more than half its COVID-19-related losses. Tesla (NASDAQ:TSLA) CEO Elon Musk continues to make headlines via his Twitter feed, keeping investors in the electric carmaker on edge about what’s coming next.

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Monday, May 04


News

Were Hedge Funds Right About Duke Energy Corporation (DUK)?

DUK

Our article also called for a total international travel ban. While we were warning you, President Trump minimized the threat and failed to act promptly. As a result of his inaction, we will now experience a deeper recession (see why hell is coming). Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. The other funds with new positions in the stock are Brandon Haley's Holocene Advisors, Richard SchimeláandáLawrence Sapanski's Cinctive Capital Management, and Paul Tudor Jones's Tudor Investment Corp. Let's now review hedge fund activity in other stocks - not necessarily in the same industry as Duke Energy Corporation (NYSE:DUK) but similarly valued.

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Tuesday, April 21


News

Duke Energy Foundation provides more than $340,000 to South Carolina K-12 education organizations during COVID-19 crisis

DUK

GREENVILLE, S.C., April 21, 2020 /PRNewswire/ -- The Duke Energy Foundation has announced more than $340,000 in grants to support South Carolina K-12 education programs focused on summer reading loss, STEM and experiential learning. "Funding these programs is significant, but helping organizations survive now so they can continue to deliver these services down the road just makes sense." "Duke Energy's thoughtful decision to permit grantees to redirect grant funds to more urgent COVID-19 needs is a brilliant move," said Madeleine McGee, Together SC president. "These funds may well be what gets these organizations and those they serve through the next few months." Some nonprofits across the state are already feeling the impact and have indicated plans to use the funds for COVID-19 response and modify the program to meet both the needs of the students and their organization.

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Friday, April 17


News

Duke Energy lineworkers ask public to "shine a light" on all front-line workers as part of National Lineworker Appreciation Day

DUK

CHARLOTTE, N.C., April 17, 2020 /PRNewswire/ -- Snapped poles and tangled power lines over a battered landscape of downed trees are the usual challenges lineworkers face after severe weather strikes – but the COVID-19 pandemic and the U.S. Centers for Disease Control's recommended safety guidelines have added new complexities to lineworkers' already complicated work. Spring storms that barreled across the Midwest and Southeast this month tested even the most seasoned lineworkers, who adjusted to new social distancing and face mask requirements while working to restore power to nearly 1 million Duke Energy customers – including essential services like hospitals, grocery stores and schools that provide meals. "I've been awestruck by the selfless acts of everyday heroes – from the health care workers fighting the virus on the front lines, to store clerks stocking the shelves with food, to concerned citizens delivering groceries to elderly neighbors," said Harry Sideris, senior vice president of Duke Energy customer experience and services. "We are all united in the midst of this uncertainty, and we find ourselves – as we often do in crises – on the front lines doing the necessary work to keep things running. We're especially proud of our lineworkers for keeping the lights on for the essential facilities, homes and businesses that depend on us during such an important time in our nation." As part of the shared recognition, the company is encouraging its customers and communities to turn on front lights on April 18 at 9 p.m. for its "Front lights for Front-Line Workers" initiative to recognize all front-line heroes.

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Wednesday, April 15


News

Duke Energy Renewables and Colorado Springs Utilities bring 60 megawatts of solar energy online

DUK

CHARLOTTE, N.C., April 15, 2020 /PRNewswire/ -- Duke Energy Renewables, a commercial business unit of Duke Energy (NYSE:DUK), and Colorado Springs Utilities (Springs Utilities) today announced the start of operation for a new solar energy generating facility, the Palmer Solar project. Under a 20-year agreement, Springs Utilities will purchase the electricity Palmer Solar generates from Duke Energy Renewables. With this addition, Duke Energy Renewables has two solar projects in Colorado totaling more than 70 megawatts. "In light of our present challenges associated with COVID-19, our work continues to support our Energy Vision. We are steadfast in our mission to provide reliable and environmentally sustainable energy that reduces our carbon footprint," said Aram Benyamin, Springs Utilities CEO.

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Monday, April 13


News

Duke Energy crews restore power across Carolinas following major storm

DUK

Duke Energy crews have restored power to 368,000 of the more than 500,000 customers impacted. As of 4 p.m. today, 132,000 customers remained without power – 92,000 in North Carolina and 40,000 in South Carolina. The hardest hit areas include Western North Carolina, where heavy rains and mud slides contributed to the damage, and Upstate South Carolina where a tornado was confirmed to have touched down in Oconee County. Duke Energy continues to adhere to coronavirus-related protective measures for power line crews and tree crews and asks that customers maintain social distancing. Avoid approaching Duke Energy crews in the field or entering their work zone as they restore power; if you do need to speak with someone, be advised that employees will maintain at least six feet of separation. Some of the company's proactive measures to help reduce the spread of COVID-19 may impact the ability to move crews – across the state and from out of state – and provide overnight housing.

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Friday, April 10


News

Duke Energy preparing for high winds in Carolinas on Sunday and Monday; company encourages customers to prepare as well

DUK

CHARLOTTE, N.C., April 10, 2020 /PRNewswire/ -- A strong weather event will push through North Carolina and South Carolina beginning Sunday afternoon and continuing into Monday, bringing with it high winds and a strong potential for power outages. Duke Energy is monitoring the storm's path and taking steps to prepare, while also continuing to adhere to coronavirus-related protective measures and social distancing guidelines in place for power line crews and tree crews, and other employees supporting the storm response effort. "We know how important electricity is to customers at a time when so many are home all day, every day," said Duke Energy Carolinas storm director Jason Hollifield. Customers should stay tuned to local news for the latest weather advisories, as well as state and local emergency management officials. If you rely on electricity for medical needs, please consider now what actions you will take in the event of an extended power outage.

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Tuesday, April 07


News

Duke Energy to announce first-quarter 2020 financial results on May 12

DUK

The conference call will be hosted by Lynn Good, chairman, president and chief executive officer, and Steve Young, executive vice president and chief financial officer. The call can be accessed via the investors' section (duke-energy.com/investors) of Duke Energy's website or by dialing 800-458-4148 in the U.S. or 323-794-2093 outside the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit. Duke Energy was named to Fortune's 2020 "World's Most Admired Companies" list, and Forbes' 2019 "America's Best Employers" list.

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Wednesday, March 25


News

The Zacks Analyst Blog Highlights: Visa, Bank of America, Citigroup, Netflix and Duke Energy

DUK BAC +3 more DUK BAC C V NFLX

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Visa V, Bank of America BAC, Citigroup C, Netflix NFLX and Duke Energy DUK. Shares of Bank of America have lost 28.3% over the past year against the Zacks Major Regional Banks’ fall of 35.1%. The Zacks analyst believes that opening branches in new regions, improved digital offerings, decent loan demand and efforts to control costs are expected to aid profitability despite near-zero interest rates.

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