What Duke Energy"s plans for $60B in capital spending means for business in the Carolinas

Duke Energy Corp. finished 2019 strong, beating analysts’ expectations in the fourth quarter and the full year. Charlotte-based Duke (NYSE: DUK) says 2019 net income totaled $3.7 billion, or $5.06 per diluted share, on revenue totaling $25.1 bi.....»»

Houston-based Phillips 66 (NYSE: PSX) is the latest major energy company to slash spending plans for 2020. The cuts include a $700 million reduction in 2020 capital spending, bringing Phillips 66's budget to $3.1 billion, according to a March 24 press r.....»»

Duke Energy acknowledges costs for repairs after hurricanes and other extreme weather are rising significantly in the Carolinas and Florida — so what is the Charlotte-based power giant doing about it?.....»»

A recent polling of business leaders regarding future plans for capital investment in their respective companies declined sequentially in the third quarter of 2019. read more.....»»

Duke Energy Corp. projects more solar power and significantly more battery storage — much of it linked to solar projects — than it did a year ago as it updates the long-range plans its utilities file with regulators in the Carolinas......»»

The small business optimism index dipped slightly in June as owners cut back on plans for new hiring and capital spending......»»

Duke Energy Carolinas has quietly abandoned plans for purchasing up to 500 megawtts worth of wind power capacity for the Carolinas by 2022 after finding the initial bids from producers unattractive. Duke issued a request for proposals on wind powe.....»»

Duke Energy Corp. says it is considering taking on a minority investor for its commercial renewables portfolio in a move that would raise capital for its growth plans. Duke spokeswoman Tammie McGee says Duke Energy Renewables anticipates announcing 800 m.....»»

Duke Energy Corp. is getting into the business of building solar projects and leasing them to commercial and institutional customers in the Carolinas to give them access to renewable energy without paying the upfront costs. Duke (NYSE: DUK) has estab.....»»

The Fed observes that business fixed investment “had moderated from its rapid pace earlier in the year,” when capital spending had been “growing strongly.”.....»»

Charlotte Business JournalDuke Energy sells $1B worth of 'green bonds'Charlotte Business JournalDuke Energy Carolinas has closed on $1 billion worth of “green bonds” the utility can use t.....»»

Duke Energy's plan for $16 billion in grid spending in the Carolinas has raised eyebrows and a good number objections. New rate cases in South Carolina may show a way for reaching consensus......»»

Talk of Duke Energy Corp.’s commercial renewables business and the travails of its investment in the now close to $8 billion Atlantic Coast Pipeline dominated much of the conversation on the company’s earnings call Thursday......»»

Rising sea levels are threatening to swamp Jakarta, Indonesia's biggest city, so authorities are building a new capital called Nusantara. Construction is underway on Nusantara.Firdaus Wajidi/Anadolu/Getty ImagesIndonesia plans to reloc.....»»

The SBA hasn't awarded a small business lending company license in 40 years. One of the three recent recipients plans to set up shop in Missouri......»»

A new report says the OpenAI chief is seeking to create a global coalition to address AI's chip shortage, energy demands and data needs. Sam Altman has been meeting business and government leaders in the UAE this week, according to Bloom.....»»

Duke Energy Corp. will be relocating its current headquarters in uptown Charlotte to a nearby 40-story building under construction......»»

Duke Energy appeared to win an important concession Monday when a witness for the groups opposing its long-term plant construction plans testified that renewables and storage cannot, for now, replace fossil fuel to meet energy demand......»»

On the third day of testimony Wednesday on Duke Energy’s long-term plant construction plans, some members of the S.C. Public Service Commission clearly struggled with their role in the hearings......»»

With utility deregulation, renewables development and market reforms roiling the Carolinas, the N.C. Clean Energy Business Association and S.C. Solar Business Association have merged to be a more consistent and effective advocate in both states......»»