Duke Energy Reports $1B Profit, Plans Utility Merger
By Zachary Turner WFAE Duke Energy made $985 million in profits last quarter, up 7.6% from last year. Rate hikes and economic development drove profits for the utility. That includes new commercial customers and new power-hungry data centers, such as the $10 billion Amazon data center investment in North Carolina that the utility actively courted. The quarterly results come on the heels of new legislation that increases the ability to