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INX:DUK, Jul 16, 09:58 UTC

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Friday, July 13


News

Duke Energy Supports Green Energy Output in South Carolina - July 13, 2018

DUK

Duke Energy Corporation DUK announced that its unit Duke Energy Carolinas continues to support solar energy production for its customers. In addition to the net metering incentive, the company also provided in excess of $50 million in rebates as an extra incentive for customers who wanted to install solar panels across South Carolina.Owing to friendly legislation passed in the state, a new report by Southern Alliance Clean Energy (SACE) suggests the South Carolina solar market to expand much rapidly in the coming years. South Carolina registered 318 watts of solar per utility customer in 2017 and the report expects solar per utility customer to grow 170% to 856 watts by 2021.Looking AheadPer a latest release from the U.S. Energy information administration (EIA), non-hydropower renewables provided slightly less than 10% of electricity generation in 2017 and are expected to provide more than 10% in 2018 and nearly 11% in 2019. The report indicates that production from solar energy is going to increase further from the current levels.Utilities are investing in renewable projects and lowering their carbon footprints. Zacks Rank and Key PicksDuke Energy currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the same industry are Algonquin Power & Utilities Corp. AQN and Brookfield Renewable Partners L.P. BEP. While Algonquin Power & Utilities sports a Zacks Rank #1 (Strong Buy), Brookfield Renewable carries a Zacks Rank #2 (Buy).

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Thursday, July 12


News

Duke Energy Carolinas customers lead South Carolina in private solar adoption

DUK

GREENVILLE, S.C., July 12, 2018 /PRNewswire/ -- Duke Energy Carolinas has achieved a major milestone in its support of solar energy as more than 5,000 of the company's South Carolina customers have installed solar panels on their homes and businesses, reaching a legislative goal for customer-owned solar capacity. Customers can still install solar – and sell the electricity they produce to Duke Energy at the same price the utility pays for electricity generated by large solar power plants – even though the company has reached the capacity limit. The net metering incentive enabled Duke Energy Carolinas – the utility that primarily serves the Upstate of South Carolina – to achieve its goal of 40 megawatts of private "rooftop" solar well in advance of the 2020 target. These goals and the incentives that helped achieve them were a result of landmark legislation passed by South Carolina's General Assembly in 2014, commonly known as Act 236. Solar policy that works. As a result of Act 236, Duke Energy and its customers have helped make South Carolina one of the country's greatest success stories for renewable energy.

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News

3 Big Stock Charts for Thursday: Comcast Corporation, Duke Energy and Regions Financial Corp

CMCSA DUK

Given Tuesday’s lack of bullish breadth and depth (it was actually net-bearish), Wednesday’s pullback wasn’t terribly surprising. But, wow! Those stock charts worth a closer inspection early Thursday are Duke Energy (NYSE:DUK), Comcast (NASDAQ:CMCSA) and Regions Financial (NYSE:RF). Comcast Corporation (CMCSA). Ask ten Comcast Corporation investors whether or not they want the company to actually get into a bidding war with Walt Disney (NYSE:DIS) to acquire Twenty-First Century Fox (NASDAQ:FOXA), and you’ll likely get 10 different answers. It was the biggest one-day like from Duke Energy shares we’ve seen in month, and could have easily spooked traders out of the stock for the foreseeable future.

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Wednesday, July 11


News

Duke Energy Completes 25MW Solar Project Buyout in New York - July 11, 2018

DUK

With this buyout, Duke Energy’s renewables business has set foot in New York, thereby expanding its footprint across 14 states of America. Duke Energy is selling the power generated from this facility to the Long Island Power Authority (LIPA) under a 20-year purchase power agreement (PPA). This, in turn, should prompt companies like Duke Energy that are expanding their solar assets. What’s Ahead for Duke Energy? On completion of the Shoreham Solar Commons project’s acquisition, we believe that the company will move a step forward toward achieving this goal. As far as the solar market’s expansion in New York is concerned, one can conclude that the city is making a rapid progress in adopting solar energy as a desired option for its citizens’ electricity generation.

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News

Duke Energy Is Betting on Pig Power to Curb Fossil Fuels

DUK

Duke Energy Corp., one of the largest U.S. utilities, began generating power in March for its North Carolina customers using “renewable” natural gas created by capturing methane from the waste produced by 62,000 hogs. National Grid Plc, meanwhile, is set to open a plant that will process gas from wastewater to serve New York customers. As green groups pressure the natural gas industry to clean up its act, an alternative to the fossil fuel is emerging in some unlikely places: pig farms and sewers.

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Tuesday, July 10


News

Duke Energy provides major boost to solar in North Carolina as new programs roll out

DUK

CHARLOTTE, N.C., July 10, 2018 /PRNewswire/ -- Two major Duke Energy solar energy programs are rolling out this month in North Carolina, making solar more abundant and affordable for customers. "Duke Energy's solar rebates and the competitive bidding program have been highly anticipated and will drive further solar-related investment, job creation and economic development for North Carolina," said David Fountain, Duke Energy's North Carolina president. Today, it filed a request for proposal (RFP) for companies to build future large-scale solar or other renewable facilities in the Duke Energy territories of North Carolina and South Carolina. Under the rebate program, residential customers will be eligible for a rebate of 60 cents per watt for solar energy systems 10 kilowatts (kW) or less. For example, a typical rooftop array of 8 kW would be eligible for a $4,800 rebate.

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Monday, July 09


News

Duke Energy’s Expected Dividend Growth versus Peers

DUK

The second-largest utility by market capitalization, Duke Energy (DUK), intends to raise its dividend per share 4%–6% annually for the next few years, which is in line with the industry average. Duke Energy’s dividend growth is expected to be driven by its earnings growth around similar levels.

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Duke Energy Increased Its Quarterly Dividend by 4.2%

DUK

The largest regulated utility in the country, Duke Energy (DUK), increased its quarterly dividend by 4.2% to $0.93 per share. In the last quarter, it paid a per-share dividend of $0.89. The dividend is payable on September 17 to shareholders of record on August 17. With this increase, Duke Energy is expected to pay annualized dividends of $3.71 per share in the next 12 months.

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Duke Energy Renewables completes acquisition of Shoreham Solar Commons project from Invenergy

DUK

"As we continue to provide affordable, renewable energy to customers across the United States, we are especially pleased our first renewables project in New York helps meet the sustainability goals and energy needs of LIPA's customers and offers economic benefits to the local community," said Rob Caldwell, president, Duke Energy Renewables and Distributed Energy Technology. "Repurposing the former Tallgrass Golf Course into a solar site eliminates the use of pesticides and fertilizers on the property, protecting Long Island's fresh water aquifer," said Invenergy's EVP and Chief Development Officer Bryan Schueler. Duke Energy Renewables' utility-scale wind and solar assets total about 2,900 megawatts (MW) – across 14 states – from 21 wind and 64 solar projects. Invenergy has developed more than 19,900 megawatts of projects that are in operation, construction or contracted, including wind, solar and natural gas power generation projects and energy storage facilities. For more information, please visit www.invenergyllc.com.

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Duke Energy (DUK) Announces 4.2% Quarterly Dividend Hike - July 9, 2018

DUK

This would mark a quarterly increase of 3.75 cents or 4.2%.Per the company, the dividend will be payable on Sep 17, 2018 to stockholders on record as of Aug 17. These investments are expected to drive the company’s earnings base growth in the combined electric and gas businesses by approximately 6% over the next five years.The company’s additional generation projects, such as dual-fuel capabilities, and combined heat and power facilities to increase the flexibility of its system, are likely to boost its performance in the time ahead.Notably, we believe that such planned investments along with significant growth initiatives will enable the company duly achieve its long-term investment targets and in turn improve its shareholder value through such regular dividend hikes.Price MovementDuke Energy has lost 1.9% in the last 12 months against the industry’s growth of 1%. A few top-ranked stocks in the same industry include NRG Energy, Inc. NRG, Ameren Corporation AEE and Avangrid, Inc. AGR. While NRG Energy sports a Zacks Rank #1 (Strong Buy), Ameren Corporation and Avangrid carry a Zacks Rank #2 (Buy). Click to get this free report Ameren Corporation (AEE) : Free Stock Analysis Report Duke Energy Corporation (DUK) : Free Stock Analysis Report NRG Energy, Inc. (NRG) : Free Stock Analysis Report Avangrid, Inc. (AGR) : Free Stock Analysis Report To read this article on Zacks.com click here.

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