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Stock Market & Financial Investment News

News Breaks
July 1, 2014
09:01 EDTDUKDuke Energy increases dividend 2% to 79.5C
Duke Energy declared a quarterly cash dividend on its common stock of 79.5c per share, an increase of 1.5 per share or about 2% percent. The dividend is payable on Sept. 16, 2014, to shareholders of record at the close of business Aug. 15.
News For DUK From The Last 14 Days
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May 19, 2015
08:04 EDTDUKDuke Energy to retire Asheville coal-fired power plant in four to five years
Duke Energy announced plans to retire its Asheville, N.C., coal-fired power plant in four to five years and modernize its generation and transmission system in western North Carolina and upstate South Carolina. The plan's major components include retiring the 376-megawatt Asheville coal power plant, investing approximately $750M to build a 650-megawatt natural gas-fired power plant, and installing solar generation at the site one of the first combinations of its kind. The plan includes investing approximately $320M to build a transmission substation near Campobello, S.C., and connect it to the Asheville power plant with a new approximately 40-mile, 230-kiloVolt transmission line. It also includes upgrading and rebuilding additional electrical infrastructure such as transmission lines and distribution substations. Carbon dioxide emissions will be reduced by about 60 percent, on a per-megawatt hour basis, due to the efficiency of the new gas plant and the fact that natural gas burns more cleanly than coal. The new gas plant also will help reduce carbon dioxide emissions across Duke Energy's Carolinas power plant fleet. Closing the Asheville coal plant and building a gas plant will make it unnecessary to invest in 126 megawatts of oil-fired generation units, to meet peak demand, and other capital investments that were planned for 2019. The power plant and electric transmission projects will create a peak construction workforce of about 800 jobs in the 2017-2019 timeframe, and generate significant local property tax revenues when brought in-service. Based on current Buncombe County tax rates, property taxes from the gas power plant are estimated to increase between 35 and 40 percent after the site is modernized.
May 18, 2015
14:59 EDTDUKDuke Energy management to meet with JPMorgan
Meetings to be held in Dallas on May 20, in Austin/Dallas on May 21 and in Austin/Houston on May 22 hosted by JPMorgan.
May 15, 2015
06:07 EDTDUKDuke Energy units to pay $102M for Clean Water Act crimes
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May 14, 2015
12:39 EDTDUKDuke Energy issues statement on court approval of coal ash agreement with DOJ
The company said, "Today's decision by Judge Malcolm Howard officially closes this chapter in our company's history. We've used the Dan River incident as an opportunity to set a new, industry-leading standard for the management of coal ash. We are implementing innovative and sustainable closure solutions for all of our ash basins, building on the important steps we've taken over the past year to strengthen our operations. Our highest priority is to operate our system as safely as possible for the customers and communities we serve."
10:00 EDTDUKOn The Fly: Analyst Downgrade Summary
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07:33 EDTDUKDuke Energy downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse reinstated Duke Energy with a Neutral rating from and Outperform rating and an $86 price target, up from $79. The firm said shares currently trade in-line with peers and the company has successfully resolved a number of overhangs during its restriction on shares.
May 13, 2015
16:12 EDTDUKDuke Energy downgraded to Neutral from Outperform at Credit Suisse
May 11, 2015
08:26 EDTDUKDuke Energy issues statement on IURC grid modernization order
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May 10, 2015
12:54 EDTDUKDuke, Edison, other utilities could return 8% annually, Barron's says
Shares of Duke Energy (DUK), Southern Company (SO), Consolidated Edison (ED), Edison International (EIX), PG&E (PCG), American Electric (AEP), Dominion (D), and NextEra Energy (NEE) could return 8% or more annually in coming years, Barron's contends in a feature article. Though utilities are sometimes seen as no-growth businesses, Barron's argues that infrastructure replacement projects, rate hikes, and dividend boosts make the sector look attractive. Reference Link

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