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Duke Energy Corporation


News and Blogs

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The Duke Energy/CSX Holiday Train Celebrates 64 Years

www.webwire.com

CINCINNATI - Since 1946, more than 9 million people have visited Duke Energy s lobby at Fourth and Main streets to see one of the world s largest model train displays., , , , Many adults who once visited ...

http://www.webwire.com/ViewPressRel.asp?aId=107068

Follow Duke Energy News on Twitter

www.prnewswire.com

CHARLOTTE, N.C., Nov. 3 /PRNewswire-FirstCall/ -- Duke Energy (NYSE: DUK) has opened a Twitter account to make keeping up with the company's news even easier.

http://www.prnewswire.com/news-releases/follow-duke-energy-news-on-twitter-68850497.html

Duke Energy profits fall; conditions stabilize

www.examiner.com | Oct 30, 2009

(AP Photo/Chuck Burton) A line worker works near the Duke Energy Plaza, background in Charlotte, N.C., Thursday, Oct. 29, 2009. Power company Duke Energy said Friday, Oct.

http://www.examiner.com/a-2295578~Duke_Energy_profits_fall__conditions_stabilize.html?cid=rss-Business

Duke Energy Posts Lower Profit on Write-Downs

www.cnbc.com

Power company Duke Energy says its third quarter profit dropped sharply from a year ago as it wrote down the value of some power generation operations in the Midwest.

http://www.cnbc.com//id/33548014

 

Suzlon Completes Silver Sage Windpower Project Two Months Ahead of Schedule - Zibb.com

Suzlon Wind Energy Corp., the North American subsidiary of Suzlon Energy Limited (SEL), announced the early completion of the Silver Sage Windpower Project, a Duke Energy wind farm in Cheyenne, Wyoming, that is comprised of 20 Suzlon S88-2.1 megawatt wind turbines.

The Silver Sage Wind Farm began operating in early October, more than two months ahead of the targeted completion date. In total, Duke Energy has more than 130 megawatts (MW) of installed Suzlon S88 wind turbines located in Wyoming and West Texas.

"We believe Suzlon works harder than anyone in the industry to put the customer first - from our sales team all the way through to the construction and service teams, and warranty program," said Andris Cukurs, CEO of Suzlon Wind Energy Co. "Getting projects online sooner means we give them an earlier start on their return on investment and add green electrons that much sooner to the grid. We appreciate the fine partnership with Duke to make it all come together."

At full capacity, the 20 Suzlon wind turbines are capable of producing 42 MW of wind-generated electricity, which is enough energy to power nearly 20,000 average US homes.* Cheyenne Light Fuel & Power, a utility subsidiary of Black Hills Corp., and Colorado-based Platte River Power Authority are buying the renewable energy generated by Duke Energy at its Silver Sage Project.

In addition to supplying and building the turbines, Suzlon is providing operations and maintenance at Silver Sage through a five-year service agreement with Duke Energy. Suzlon also supplied the 14 S88 turbines in use at Duke Energy's nearby Happy Jack Windpower Project, a 29-MW wind farm that entered commercial operation in September 2008.

Suzlon has more than 1,600 megawatts of wind turbine capacity installed in the U.S. and a total of 130 megawatts through three projects with Duke Energy.

About Suzlon Wind Energy Corporation

Suzlon Wind Energy Corporation focuses on the North American market and is a subsidiary of Suzlon Energy Limited, India. The headquarters for North America is based in Chicago, Illinois. Sales and service offices are located throughout the U.S.

About Suzlon Energy Limited

Suzlon ranked as the world's third** leading wind turbine supplier in terms of market share in 2008. Suzlon has ranked as the leading manufacturer in the Indian market for ten consecutive years, maintaining over 50% market share. Suzlon has its corporate offices in Pune, India and the company's global spread reflects in its projects and markets portfolio - extending across Asia, Australia, Europe and North and South America. Suzlon is a highly vertically integrated wind turbine manufacturer with manufacturing capability along the full value chain - from components to complete wind turbine systems. For more information on Suzlon, please visit: www.suzlon.com.

NOTES:

* A 10-kW wind turbine can generate about 10,000 kWh annually at a site with wind speeds averaging 12 miles per hour. The average U.S. household consumes about 10,000 kWh of electricity each year. A 5-MW turbine can produce more than 15 million kWh in a year--enough to power more than 1, 400 households. Source: AWEA, www.awea.org.

** Suzlon and REpower, if taken together, stand as the world's third leading wind turbine supplier group in terms of market share. Market share of 12.3% is derived from BTM Consult ApS World Market Update 2008, ranking Suzlon with 9% of global market share and REpower with 3.3% of global market share.

    Press Contacts:

    USA:
    Edelman Public Relations
    Marni Futterman
    Tel: 312.240.2611
    Marni.Futterman@Edelman.com

    India:
    Edelman India
    Abhinav Srivastav
    Mumbai
    +91 (98923) 23750
    Abhinav.Srivastava@edelman.com

    Investor Relations Contacts:
    Suzlon Energy Ltd.
    Nishit Dave
    Investor Relations, Mumbai
    +91.22.6639.3200
    ndave@suzlon.com

SOURCE Suzlon Wind Energy Corp.

http://www.suzlon.com

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Tags: asia   australia   ceo   colorado   commercial   corporate   electricity   energy   europe   india   investment   manufacturer   manufacturing   market   market share   north america   online   partnership   public relations   sales   schedule   silver   south america   utilities   wind power   wyoming  

Companies: Duke Energy Corp. (DUK), Suzlon Energy Ltd (SZEYF)

 

Follow Duke Energy News on Twitter - Zibb.com

Duke Energy (NYSE: DUK) has opened a Twitter account to make keeping up with the company's news even easier.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040414/DUKEENERGYLOGO )

This simple news feed is linked directly to the RSS feed from Duke-Energy.com so all company-initiated news releases will appear on the site. The account will also "retweet" others' news about Duke Energy.

Located at @DukeEnergyNews (www.twitter.com/DukeEnergyNews), this is a sister account for @DukeEnergyStorm (www.twitter.com/DukeEnergyStorm), which provides breaking news and updates during storm events, as well as weather preparedness information and safety tips

"After seeing a lot of interest in Duke Energy on twitter, we decided we wanted to make it easier for people to get and share news releases and related information," said Michelle Pearson, Duke Energy's director of social media. "People today consume information in many different ways and we want to make sure we're being responsive to not only our customers, but anyone who is following our company."

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.

CONTACT: Lisa Hoffmann

Phone: 704-382-1218

24-Hour: 800-559-3853

SOURCE Duke Energy

http://www.duke-energy.com

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Tags: energy   media   nyse   weather  

Companies: Duke Energy Corp. (DUK)

 

Duke Energy Q3 net income decreases - Zibb.com

US-based Duke Energy has reported a net income attributable to the company of $109 million, or $0.08 per diluted share, for the third quarter of 2009, compared to $215 million, or $0.17 per diluted share, for the same period of 2008.

The company has reported operating revenues of $3.39 billion for the third quarter of 2009, compared to $3.51 billion for the same quarter of 2008.

Duke Energy has reported a net income attributable to the company of $729 million, or $0.56 per diluted share, for the first nine months of 2009, compared to $1.03 billion, or $0.81 per diluted share, for the corresponding period of 2008. Year-to-date operating revenues were $9.62 billion, compared to $10.07 billion for the first nine months of 2008.

Jim Rogers, chairman, president and CEO of Duke Energy, said: "I'm very pleased with our results through the third quarter. We continue to perform well in this recessionary climate, matching cost reductions with the declines we're experiencing in usage by our industrial customers.

"We are maintaining our commitment to operational excellence and strong credit and liquidity. Most importantly, we haven't lost focus on building our business for the long term, modernizing our fleet and achieving constructive regulatory recovery of our capital investments."

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Tags: business   ceo   energy   industrial   president  

Companies: Duke Energy Corp. (DUK)

 

Global Cooling Hurts Duke Energy, According to JunkScience.com - Zibb.com

It seems as if Duke Energy CEO Jim Rogers should be lobbying for increased greenhouse gas emissions.

Rogers is convinced -- because his grandchildren told him so -- that carbon dioxide emissions are warming the planet. So Rogers helped form the U.S. Climate Action Partnership, http://www.us-cap.org, a coalition of a few big businesses and environmental groups that lobbies for carbon caps.

Ironically, the very global cooling that Rogers seems to be for is actually hurting his company's earnings.

According to Duke's third quarter earnings report, earnings-before-interest-and-tax (EBIT) for Duke's electric and gas division decreased:

    --  $46 million because of unfavorable weather (i.e. a cooler summer);
    --  $22 million because of reduced industrial demand (i.e. weak economy);
        and

    --  $27 million because of the expiration of a temporary rate raise (i.e.
        government granted windfall).

All very interesting since Rogers wants to:

    --  Cool the planet through carbon caps;
    --  Weaken the economy through carbon caps; and

    --  Make up for losses by charging more for electricity
        http://greenhellblog.com/2009/06/17/global-warmings-first-electricity-pr
        ice-hike-500-million-for-north-carolina/.

But for the three factors mentioned above, USFE&G's Q3 EBIT would have increased by 11%.

Finally, Duke has spent about $10 million since 2008 lobbying for carbon caps. That's a lot of lost earnings itself spent working against the interests of his shareholders and customers.

"Hey Jim, there's a reason children aren't allowed to run the world," said Steve Milloy, publisher of JunkScience.com and author of Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them.

SOURCE JunkScience.com

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Tags: ceo   children   earnings   economy   electricity   gasoline   government   industrial   lobbying   partnership   publisher   weather  

Companies: Duke Energy Corp. (DUK)

 

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Duke Energy Reports Third Quarter 2009 Results

www.duke-energy.com

Duke Energy today announced third quarter 2009 adjusted diluted earnings per share of 40 cents, compared to 33 cents for third quarter 2008.

http://www.duke-energy.com/pdfs/2009103001f.pdf

This Page No Longer Exists! - Duke Energy

Cinergy Solutions has become Duke Energy Generation Services. Please visit our new website, www.de-gs.com, to learn how we can help you reduce your overall energy costs while increasing reliability and reducing environmental impact. Please delete or update your bookmarks to this page.

http://www.cinergy-solutions.com/

DUKE ENERGY CENTER

hospitality.zibb.com

Duke Energy Center® is a registered trademark used for Arena Services, Namely Providing Facilities For Conventions and Exhibitions and owned by Duke Energy Corporation. Full trade mark registration details, registered images and more information below.

http://hospitality.zibb.com/trademark/duke+energy+center/30268979

Charlie Ward, IT Enterprise Architect for Duke Energy

www.insight24.com

Charlie summarizes Duke Energy’s business intelligence efforts, explains why he is pleased that Microsoft has converged what traditionally had been standalone products into the BI platform and explains how that will benefit Duke Energy.

http://www.insight24.com/webcasts/content-102494_1

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Duke Energy Corporation

www.duke-energy.com

Provides electricity to customers in North and South Carolina. Also provides natural gas to customers in the Northeast, Midwest, and Gulf Coast areas.

http://www.duke-energy.com/

Duke Energy

dukepower.com

Provides electricity to customers in North and South Carolina. Also provides natural gas to customers in the Northeast, Midwest, and Gulf Coast areas.

http://dukepower.com/

Duke Energy - Wikipedia, the free encyclopedia

en.wikipedia.org

With the purchase of Cinergy Corporation announced in 2005 and completed on April 3, 2006, Duke Energy Corporation's customer base now includes the Midwestern United States as well.

http://en.wikipedia.org/wiki/Duke_Energy

Company - Duke Energy

www.duke-energy.com

Executive Viewpoints. Where we stand on major energy industry issues. ... ©Duke Energy Corporation All Rights Reserved

http://www.duke-energy.com/company.asp