Duke Energy Corporation

Charlotte, NC United States

  (NYSE: DUK)

Company Description

Duke Energy is a John Wayne-sized power business. The company has 4 million electric customers and about 500,000 gas customers in the South and Midwest. Its US Franchised Electric and Gas unit operates primarily through its Duke Energy Carolinas, Duke Energy Ohio, Duke Energy Indiana and Duke Energy Kentucky regional businesses. The company has 35,000 MW of electric generating capacity in the Midwest and the Carolinas, including 7,550 MW of commercial power generation. Duke Energy International has 4,500 MW of generation capacity. While it is focused on energy operations, Duke also has some limited insurance, real estate, and telecom assets. In 2011 Duke agreed to buy Progress Energy for $13.7 billion.