Duke Energy was founded in 1900 by Dr. Walker Gill Wylie as the Catawba Power Company. The new company financed the building of a hydroelectric power station along the Catawba River.
The Wateree Power Company was formed in 1917 as a holding company for utilities owned by new investor James Buchanan Duke, and in 1924 the company changed its name to Duke Power.
In 1927 subsidiary companies, including Catawba Power Company, were merged into Duke Power.
Duke Energy owns 58,200 megawatts of base-load and peak generation in the U.S. and serves 7.2 million customers.
The company also 4,300 megawatts of electric generation in Latin America.
Duke Energy operates primarily through four main operational units: Duke Energy Carolinas, Duke Energy Ohio, Duke Energy Indiana and Duke Energy Kentucky.
The company trades publicly on New York Stock Exchange under the symbol DUK, is a member of the S&P 500, is #153 in the Fortune 500, has 27,535 employees, and had $21.72 billion in revenue in 2020.
In January 2022, the company initiated a new round of bidding in the solar energy construction projects that will be funded by Biden’s infrastructure package.
Also in January 2022, the company donated $20,000 via a diversity grant for state parks in South Carolina.
Duke Energy maintains a corporate office in Charlotte, South Carolina.
Duke Energy was founded in 1900 by Dr. Walker Gill Wylie as the Catawba Power Company. The new company financed the building of a hydroelectric power station along the Catawba River.
The Wateree Power Company was formed in 1917 as a holding company for utilities owned by new investor James Buchanan Duke, and in 1924 the company changed its name to Duke Power.
History
In 1927 subsidiary companies, including Catawba Power Company, were merged into Duke Power.
Duke Energy owns 58,200 megawatts of base-load and peak generation in the U.S. and serves 7.2 million customers.
The company also 4,300 megawatts of electric generation in Latin America.
Duke Energy operates primarily through four main operational units: Duke Energy Carolinas, Duke Energy Ohio, Duke Energy Indiana and Duke Energy Kentucky.
The company trades publicly on New York Stock Exchange under the symbol DUK, is a member of the S&P 500, is #153 in the Fortune 500, has 27,535 employees, and had $21.72 billion in revenue in 2020.
In January 2022, the company initiated a new round of bidding in the solar energy construction projects that will be funded by Biden’s infrastructure package.
Also in January 2022, the company donated $20,000 via a diversity grant for state parks in South Carolina.
Duke Energy maintains a corporate office in Charlotte, South Carolina.