Le Lézard
Classified in: Oil industry
Subjects: SHM, ESG

Duke Energy delivers sustainable value as it responsibly navigates clean energy transition, CEO tells shareholders at annual meeting

CHARLOTTE, N.C., May 4, 2023 /PRNewswire/ -- In 2022, Duke Energy (NYSE: DUK) continued to make significant progress on its strategic goals, managed through headwinds with great agility and delivered constructive outcomes across its jurisdictions, chair, president and CEO Lynn Good told investors during the company's annual shareholders meeting today.

"Our more than 27,000 teammates seized every opportunity to deliver value to our stakeholders and grow our business," she said. "We made meaningful progress on our clean energy strategy and took decisive action to position our company for the long term."

Good cited several milestones:

"Whether it was restoring service after a historic hurricane, leading the way on decarbonization or finding ways to mitigate costs for customers, we rose to the occasion last year. We delivered on our commitment to customers and advanced our strategic priorities," Good said.

Delivering consistent and lasting benefits to customers

Duke Energy continues its strong focus on affordability and cost management, while maintaining attractive returns for its shareholders.

"We worked with state regulators to mitigate bill impacts and provided customers with resources to help them. This included working with community assistance agencies to connect customers in need with nearly $300 million over the last two years," said Good.

Already in 2023, Duke Energy has achieved constructive regulatory and legislative outcomes, including the approval of fuel and storm cost recovery in Florida; net metering reform in North Carolina; and new legislation in Indiana that supports modern recovery mechanisms and our generation transition.

"We look forward to building on our success, navigating the transition in a responsible way that continues to preserve affordability and reliability while delivering sustainable value for our investors, customers and communities," said Good.

Other business

Also at today's meeting:

A replay of the meeting will be posted on Duke Energy's investors page.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,600 people.

Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. 

Duke Energy was named to Fortune's 2023 "World's Most Admired Companies" list and Forbes' "World's Best Employers" list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on TwitterLinkedInInstagram and Facebook.

Media contact: Jennifer Garber


SOURCE Duke Energy

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