Duke Energy Corp. said Thursday it is planning to invest $11 billion through 2026 in new natural-gas fired, wind and solar generation, as part of a broader plan to adapt to a low-carbon future. The company made the pledge in a climate report, outlining how it will lower its carbon emissions. The company said it will continue to modernize its fleet; by 2030 it expects more than 80% of its power generation mix to come from zero and lower CO2-emitting sources. The company will also continue to invest in its nuclear fleet and may extend nuclear operating licenses. it will invest $25 billion between 2017 and 2026 to create a smarter and more resilient grid, including putting electric lines underground to protect against extreme weather. Shares were slightly lower premarket, and are down about 8% in the last 12 months, while the S&P 500 has gained 15%.
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