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It has approximately 29,000 employees. [3] Duke Energy's service territory covers 104,000 square miles (270,000 km 2) with 250,200 miles (402,700 km) of distribution lines. [4] Almost all of Duke Energy's Midwest generation comes from coal, natural gas, or oil, while half of its Carolinas generation comes from its nuclear power plants. During ...
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Duke's goal with its real estate consolidation is trimming its foot print from 2,500,000 square feet (230,000 m 2) to 1,000,000 square feet (93,000 m 2) by 2050. [15] Duke estimates they will save $85 to $90 million over the next five years. [16] Prior to the Duke Energy Plaza, Duke's most visible presence was the Duke Energy Center.
Piedmont Natural Gas Company, Inc. is a wholly owned subsidiary of Duke Energy.Piedmont is an energy services company whose principal business is the distribution of natural gas to over one million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are their wholesale ...
North Carolina regulators, following an investigation, reached an agreement with Duke in which the company was required to choose a new CEO by the middle of 2013. Good was selected by a board composed of both Duke and Progress members. [4] Lynn Good became CEO of Duke Energy on July 1, 2013. [4] Good was also elected to the Duke board.
In December 2010, Duke Energy and Alinda Capital Partners LLC formed a joint venture to grow DukeNet Communications in the enterprise and data center space. [ 3 ] [ 4 ] On October 7, 2013, Time Warner Cable (later bought by Charter Communications in 2016) announced that it had agreed to acquire DukeNet Communications LLC for $600 million, and ...
In order to achieve some operational and maintenance cost reduction now that the merger between Duke Energy (NYS: DUK) and Progress Energy is complete, approximately 1,400 employees will be ...