Duke Preps for Gas, Renewable Buildouts as Record Demand Looms

May 7, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Higher electricity rates, strong retail sales and a chilly winter were good news for Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) in the first quarter of 2025, as the company prepared for what the U.S. Energy Information Administration (EIA) expects will be record-high U.S. power demand in 2025 and 2026. The outlook affirms Duke's earlier decision to raise its five-year capital expenditure plan to $83 bil