Duke Energy runs regulated electric utilities that generate, transmit and sell power to homes and businesses in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and its natural gas utilities deliver gas in five states. Within those territories it holds exclusive rights to serve customers, so it builds and operates its own power plants, transmission lines and local grids, drawing on nuclear, natural gas, coal, hydroelectric and solar generation. Customers pay rates approved by state utility commissions, which let Duke earn a set return on what it builds. Duke Energy traces its roots to 1904, when tobacco industrialist James B. Duke backed a hydroelectric venture, and it is based in Charlotte, North Carolina.
Company Size
10,001+
Company Stage
IPO
Headquarters
Charlotte, North Carolina
Founded
1904
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