Duke Energy, the largest electric power holding company in the United States, has a market capitalization of approximately $69 billion and total assets of over $176 billion. Its regulated utilities serve approximately 8.2 million electric customers in six Southeast and Midwestern states and 1.6 million natural gas customers. Duke also has the largest regulated nuclear fleet in the United States with six nuclear generators in North and South Carolina. Regulated electricity currently accounts for approximately 85% of total revenues. The consolidated energy capacity is approximately 50,000 megawatts. Duke is focusing its expansion on its regulated service territories. It plans to own or purchase 16,000 megawatts of renewable energy capacity by 2025 and phase out the use of coal by 2050. The company’s energy mix in 2022 was 31% coal , 42% natural gas, 18% nuclear and 9% renewable energies. DUK stocks are part of the S&P 500.
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