Core Viewpoint - Duke Energy has enhanced incentives and eligibility for its energy efficiency and demand response programs in North Carolina, effective January 1, 2025, to help customers save energy and money [1][2]. Residential Program Incentives - Incentives for five residential energy efficiency programs have been increased, with some incentives doubling or tripling, making it an optimal time for customers to enroll [2][3]. - The Smart $aver® home improvement rebate has increased HVAC, insulation, water heater, and heat pump incentives from $350 to $500, while pool pump incentives have tripled from $300 to $900 [7]. Business Program Incentives - Business customers also see increased incentives, with PowerShare® capacity credits rising from $3.50 to $5 per kW, and EnergyWise Business incentives increasing from $30 to $50 per average kW saved [4][5]. - Overall, many business program incentives have increased by an average of 20%-25% [5]. Assistance Programs - Duke Energy has expanded its assistance programs for customers facing financial hardships, offering a wider range of options for energy savings [6]. - The Weatherization program has increased HVAC replacement incentives from $6,000 to $8,000 and refrigerator replacement incentives from $1,000 to $1,500 [12]. Clean Energy Transition - Duke Energy is committed to a clean energy transition, aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050 [11].

Core Insights - Duke Energy Florida filed a plan to recover approximately $1.1 billion in costs related to the emergency response to hurricanes Debby, Helene, and Milton, which impacted around 2 million customers [5] - The company mobilized over 27,000 workers and additional resources to restore power, with a focus on minimizing the impact on customer bills while ensuring reliable power supply [2][3] Summary by Category Hurricane Response - The 2024 hurricane season saw Duke Energy Florida respond to three major hurricanes, including a Category 4 and a Category 3, resulting in significant outages and mobilization of resources [2] - Specific statistics include: - Hurricane Debby: 350,000 outages, 3,000 workers mobilized, 320 poles replaced, 90% of outages restored within 24 hours [2] - Hurricane Helene: 800,000 outages, 8,600 workers mobilized, 925 poles replaced, nearly all outages restored within 72 hours [2] - Hurricane Milton: 1 million outages, 16,000 workers mobilized, 1,560 poles replaced, 95% of outages restored within four days [2] Financial Impact on Customers - Starting in March 2025, residential customers will see an increase of approximately $21 per 1,000 kilowatt-hours (kWh) due to storm recovery costs, although this is offset by a seasonal decrease of $10 per 1,000 kWh [3][8] - The total storm charge is approximately $31 per 1,000 kWh, with costs remaining on bills until February 2026 [3][8] Company Overview - Duke Energy Florida operates with 12,300 megawatts of energy capacity, serving 2 million customers across a 13,000-square-mile area [9] - Duke Energy, a Fortune 150 company, serves 8.4 million customers across multiple states and is focused on a clean energy transition, aiming for net-zero carbon emissions by 2050 [10][11]

Core Viewpoint - Duke Energy is seen as a strong investment opportunity due to its stable quarterly dividend payouts, which have remained unchanged at $1.045 per share, contributing to long-term wealth creation in the equity market [1]. Company Summary - Duke Energy has declared a quarterly cash dividend of $1.045 per share, consistent with the previous quarter, and an annual dividend of $4.18 per share [1]. - The company is positioned within a strategy that focuses on undervalued yet high-growth sectors, including high-dividend stocks, REITs, and green energy firms [1]. Industry Summary - The electric utility sector is characterized by its ability to provide stable returns through dividends, making it attractive for long-term investors [1]. - The broader equity market is highlighted as a mechanism for wealth creation or destruction, emphasizing the importance of strategic investment in undervalued companies [1].

Company Performance - Duke Energy's shares have depreciated by 6.77% over the past month, outperforming the Utilities sector's loss of 7.05% and lagging behind the S&P 500's loss of 0.71% [1] - The company's earnings per share (EPS) are projected to be $1.69, reflecting an 11.92% increase from the same quarter last year, with revenue expected to be $7.73 billion, showing a 7.23% escalation compared to the year-ago quarter [9] Financial Estimates - The Zacks Consensus Estimates suggest analysts expect earnings of $5.95 per share and revenue of $30.58 billion for the full year, marking changes of +7.01% and +5.24%, respectively, from last year [4] - The Zacks Rank system indicates Duke Energy currently features a Zacks Rank of 3 (Hold), with the consensus EPS estimate having moved 0.4% lower over the past month [10] Valuation Metrics - Duke Energy holds a Forward P/E ratio of 18.01, which is a premium compared to the industry average Forward P/E of 16.23 [5] - The company has a PEG ratio of 2.83, while the Utility - Electric Power industry holds an average PEG ratio of 2.54 [8] Industry Context - The Utility - Electric Power industry is part of the Utilities sector and currently holds a Zacks Industry Rank of 80, positioning it in the top 32% of all 250+ industries [3] - The Zacks Industry Rank assesses the strength of industry groups, showing that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [11]

Core Insights - Duke Energy is offering various programs to assist customers in South Carolina with energy management as winter approaches, emphasizing that solutions are tailored to individual customer needs [1][2] Energy Assessment and Savings Programs - Customers can enroll in a free home energy assessment through the Home Energy House Call program, which provides education on energy use and offers a free energy efficiency kit, customized usage reports, and expert recommendations [2] - The Smart $aver® home improvement rebate program encourages customers to insulate and seal their homes to retain heat and reduce energy costs [3] - The Flex Savings Option allows customers to lower energy costs by shifting usage to off-peak times, utilizing smart meter technology for better energy management [4] Usage Monitoring and Alerts - Customers can receive Usage Alerts via email, which provide insights into electricity consumption and potential costs, enabling them to adjust their usage habits accordingly [5] Energy-Saving Tips - Recommendations for low- to no-cost energy-saving measures include lowering thermostat settings, maintaining heating systems, sealing windows and doors, and using LED bulbs to enhance efficiency [6][7][8][9] Company Overview - Duke Energy, a Fortune 150 company, serves 8.4 million electric customers across several states and has a significant energy capacity of 54,800 megawatts [11] - The company is committed to a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050, with investments in grid upgrades and cleaner energy sources [12]

Core Points - Piedmont Natural Gas has launched "Share the Warmth Day" on December 12, 2024, to encourage community support for its program that assists neighbors with energy bills [1][5] - The "Share the Warmth" program has been operational since 2003, providing emergency funding for individuals in need, regardless of their energy source [2][3] - Customers can contribute to the program through the Round Up initiative, which allows them to round up their monthly gas bill to the nearest dollar, with the difference going to the Share the Warmth fund [3][4] Program Details - The program is designed to help those struggling with higher energy bills during colder months, with funds available year-round [4][7] - Contributions are distributed through local nonprofit partners directly to those in need, ensuring that all funds collected are used within the community where they were donated [7] - Piedmont Natural Gas provides multiple enrollment options for customers, including online registration, texting, and phone calls [6] Company Background - Piedmont Natural Gas, a subsidiary of Duke Energy, serves over 1.2 million customers across North Carolina, South Carolina, and Tennessee [9] - The company has been recognized for its customer satisfaction, ranking No. 1 in the South among large utilities for residential natural gas service according to the J.D. Power 2024 study [9]

Core Insights - Piedmont Natural Gas has achieved the No. 1 ranking in customer satisfaction for residential natural gas service in the South among large utilities for the third consecutive year according to the J.D. Power 2024 Gas Utility Residential Customer Satisfaction Study [1][5] Group 1: Customer Satisfaction - The company topped seven other utilities in the South Large segment, demonstrating consistent performance in customer satisfaction [1][5] - Piedmont Natural Gas received high rankings in key study factors including billing and payment, corporate citizenship, and customer care [3] Group 2: Study Details - The 2024 Gas Utility Residential Customer Satisfaction Study was based on responses from 63,363 online interviews conducted from January 2024 through October 2024 among residential customers of the 86 largest gas utility brands in the U.S., representing over 64.6 million households [4] Group 3: Company Overview - Piedmont Natural Gas, a subsidiary of Duke Energy, serves more than 1.2 million residential, commercial, industrial, and power generation customers across North Carolina, South Carolina, and Tennessee [5]

Core Points - Duke Energy Florida is launching the "12 Days of Savings" initiative to provide customers with low-cost to no-cost energy efficiency tips during the holiday season [1][2] - The program aims to help customers save on their electric bills and reduce energy consumption [1][2] Energy Efficiency Tips - December 3: Replace air filters to improve AC efficiency [4] - December 4: Change ceiling fan settings to clockwise to push warm air down [4] - December 5: Turn off ceiling fans when leaving a room to avoid energy waste [4] - December 6: Adjust thermostat to the lowest comfortable setting to lower bills [4] - December 7: Use blinds/curtains to maximize sunlight during the day and insulate at night [4] - December 8: Caulk and weatherstrip to save 10% to 20% on heating costs [4] - December 9: Set water heater to 120 degrees or less to reduce energy use [4] - December 10: Insulate water heater pipes for maximum savings [4] - December 11: Install low-flow showerheads to save electricity and water [4] - December 12: Check refrigerator door seals to ensure efficiency [4] - December 13: Replace incandescent bulbs with ENERGY STAR® qualified LEDs, which use 75% less energy [4] - December 14: Replace outdoor lighting with LED bulbs that have photosensors and motion sensors [4] Company Overview - Duke Energy Florida owns 12,300 megawatts of energy capacity and serves 2 million customers across a 13,000-square-mile area in Florida [5] - Duke Energy, a Fortune 150 company, serves 8.4 million customers across multiple states and has a total energy capacity of 54,800 megawatts [6] - The company is focused on a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050 [7]

Core Points - Duke Energy Indiana is allocating nearly $300,000 in financial assistance through the Share the Light Fund to support customers in need during the winter season [1][2] - The fund has already assisted over 2,000 households in Indiana with more than $650,000 in energy bill assistance over the past year [1] - Eligible customers can receive up to a $300 credit annually on their energy accounts based on income, family size, and available resources [3] Assistance Programs - Duke Energy collaborates with local community action agencies to distribute funds and provide additional support for managing energy use [2] - The company offers various savings programs, including Usage Alerts, Free Home Energy House Calls, and installment payment plans to help customers save money and manage their energy consumption [4] Company Overview - Duke Energy Indiana is the largest electric supplier in Indiana, providing approximately 6,300 megawatts of electric capacity to around 900,000 customers across a 23,000-square-mile service area [5]

Core Points - Duke Energy Progress has reduced residential rates by 4.5% starting December 1, 2024, due to falling fuel prices [1][4] - A typical residential customer using 1,000 kWh per month will see a decrease of $7.34, bringing their bill down from $161.97 to $154.63, which is 11% below the national average [2] - Commercial customers will experience an average rate decrease of about 6.3%, while industrial customers will see a minimal decrease of less than 0.1% [2] Company Overview - Duke Energy Progress serves approximately 1.5 million customers in central and eastern North Carolina, including major cities like Raleigh and Asheville [3] - The company owns 13,800 megawatts of energy capacity and operates across a 28,000-square-mile service area in North Carolina and South Carolina [6] - Duke Energy, the parent company, serves 8.4 million customers across multiple states and has a total energy capacity of 54,800 megawatts [7] Regulatory and Operational Insights - The North Carolina Utilities Commission (NCUC) conducts an annual review of fuel costs to ensure accurate rates for customers [4] - Duke Energy Progress actively manages fuel contracts to minimize costs, with bills reflecting actual fuel costs incurred [5] - The company is committed to a clean energy transition, aiming for net-zero carbon emissions from electricity generation by 2050 [8]