Duke offers insights into rider adjustments [Yahoo! Finance]
Duke Energy Corporation (Holding Company) (DUK)
Last duke energy corporation (holding company) earnings: 2/13 07:00 am
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Source: Yahoo! Finance
Though, those charges aren't new at all — they're only marked separately after changes in the way Duke formats its bills early this year or late last year, depending on the service region. Previously, they were included in the per-kilowatt hour energy rate. Logan Kureczka, the company's lead communications manager, offered some insight into them. Riders are charges outside of standard base rates that allows a utility to recoup costs of certain programs, credits and purchases or advance state energy policy goals, said Kureczka. To elaborate, customers pay a fraction of the cost of bringing more solar energy to the grid or cost-saving programs like the Storm Recovery Charge, which recoups storm damage repair costs through bonds, "saving customers millions," said the manager. Riders also help cover the fluctuating cost of fuel, which the company uses in its power plants. The exact value of those charges depends on the region the customer lives in. Both Carolinas and Progress ser
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DUK
News
- Duke Energy Co. (NYSE: DUK) had its price target raised by analysts at BMO Capital Markets from $108.00 to $110.00. They now have an "outperform" rating on the stock.MarketBeat
- Duke Energy Co. (NYSE: DUK) had its price target raised by analysts at KeyCorp from $107.00 to $112.00. They now have an "overweight" rating on the stock.MarketBeat
- Majority of parties reach proposed agreement in Duke Energy Carolinas rate review request in South Carolina [Yahoo! Finance]Yahoo! Finance
- Majority of parties reach proposed agreement in Duke Energy Carolinas rate review request in South CarolinaPR Newswire
- Duke Energy funds $100,000 in upgrades to the American Red Cross Emergency app, helping increase accessibility among diverse audiencesPR Newswire
DUK
Earnings
- 5/7/24 - Beat
DUK
Sec Filings
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 144
- DUK's page on the SEC website