Company Directory - Duke Energy
Company Details - Duke Energy
Duke Energy
WebsiteCharlotte, United States
ISIN: US26441C2044
5 Locations
Duke Energy is a leading energy company in the United States, providing electric and natural gas services to millions of customers in the Southeast and Midwest. The company is committed to sustainable energy practices and innovating for a cleaner energy future.
CCI Score
CCI Score: Duke Energy
-34.39
0.02%
Latest Event
Duke Energy's Lobbying and Revolving Door Practices Raise Concerns
An OpenSecrets profile reveals that Duke Energy contributed $1.61 million in the 2024 cycle and that a significant portion of its lobbyists—38 out of 58 in 2023 and 33 out of 54 in 2024—are former government officials. This revolving door phenomenon raises concerns about undue corporate influence on political processes and democratic accountability.
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TOADIE
Duke Energy is currently rated as a Toadie.
Latest Events
- APR032025
An OpenSecrets profile reveals that Duke Energy contributed $1.61 million in the 2024 cycle and that a significant portion of its lobbyists—38 out of 58 in 2023 and 33 out of 54 in 2024—are former government officials. This revolving door phenomenon raises concerns about undue corporate influence on political processes and democratic accountability.
-40
Political Contributions and Lobbying Efforts
April 3
Duke Energy's political contributions and the high rate of former government officials transitioning into lobbying roles suggest a deep embedding in political networks. This revolving door practice can undermine democratic oversight and increase corporate leverage in policymaking, aligning with patterns that favor authoritarian consolidation of power.
- JAN012025
Duke Energy has been penalized with a $10 million fine by the North American Electric Reliability Corporation (NERC) for nearly 130 violations of Critical Infrastructure Protection standards, exposing significant gaps in cybersecurity and safety practices.
-40
Business Practices and Ethical Responsibility
April 3
The fine and the associated violations highlight Duke Energy's failure to adhere to essential cybersecurity and infrastructure protection standards. This negligence in business practices and lack of robust internal controls points to a serious lapse in ethical responsibility, which is critical in an industry charged with maintaining public safety and reliability in critical infrastructure.
U.S. Energy Firm Fined $10 Million for Security Failures - SecurityWeek
- AUG122024
An investigative report revealed that Duke Energy has funneled over $630,000 to the Republican Governors Association along with additional contributions through trade associations to support political campaigns in North Carolina. These funds have been linked to an attack ad with inflammatory rhetoric, raising concerns about corporate complicity in funding divisive and potentially authoritarian political strategies.
-75
Political Contributions and Lobbying Efforts
April 3
Duke Energy’s sizable donations, notably the $630,000 directed to the Republican Governors Association and additional funds routed through political trade associations, are financing attack ads that utilize inflammatory and divisive messaging. Such support for political groups employing authoritarian-leaning tactics is highly concerning from an anti-fascist perspective, as it may contribute indirectly to the promotion of extremist rhetoric.
Big Duke Energy dollars are flowing to attacks in the NC governor's race
- MAR012024
Duke Energy has published its Political Expenditures policy which outlines clear guidelines and oversight for corporate political contributions, including payments to trade associations and lobbying groups. The policy emphasizes transparency, accountability, and adherence to democratic principles through internal committees and strict procedures.
+20
Political Contributions and Lobbying Efforts
April 3
The policy demonstrates Duke Energy's commitment to transparent and responsible political expenditures by establishing oversight committees and clear guidelines. This approach minimizes the potential misuse of corporate funds for partisan ends and supports democratic processes, thus contributing positively from an anti-fascist perspective.
- NOV082022
Duke Energy raised $1,661,149 in political action committee funds during the 2021-2022 election cycle, reflecting significant corporate political spending that can raise concerns about the influence of corporate money on democratic processes.
-30
Political Contributions and Lobbying Efforts
April 3
The reported PAC contributions of $1,661,149 demonstrate Duke Energy's engagement in politically influential spending. Such corporate political financing is concerning from an anti-fascist perspective as it can entrench corporate power and potentially sway political outcomes in favor of established, authoritarian-leaning interests.
- AUG192022
The article details Duke Energy's extensive political donations and lobbying efforts in North Carolina. It documents significant contributions through its corporate PAC and individual donations to candidates and political groups, raising concerns about conflicts of interest between the utility’s public service mandate and its financial strategies aimed at protecting corporate interests.
-60
Political Contributions and Lobbying Efforts
April 3
Duke Energy's substantial monetary contributions, including over $4.2 million given to political groups and targeted PAC donations, exhibit a strategic effort to shape state policy in a manner that favors its corporate interests. This significant infusion of political spending not only undermines transparent democratic processes but also prioritizes corporate profit over public welfare, especially in the realm of energy regulation and environmental protection.
Duke Energy is huge political donor in NC: Is it a conflict? | Raleigh News & Observer
- AUG192022
The Charlotte Observer article details how Duke Energy directs millions of dollars through political contributions, employee-funded PACs, and lobbying efforts in North Carolina. The report highlights that the company has given substantial sums—often favoring Republican causes—and has engaged in funding through dark money channels, raising concerns about the influence of corporate money on state politics.
-70
Political Contributions and Lobbying Efforts
April 3
Duke Energy's extensive financial contributions, including over $4 million in direct political donations and additional spending via lobbying and dark money channels, point to a heavy-handed influence on political processes. This behavior is assessed as promoting conditions favorable to authoritarian influences, particularly given the firm's tendency to favor Republican initiatives, thereby undermining democratic accountability.
Where Duke Energy spends money on NC political contributions
- DEC312021
In 2021, Duke Energy spent $3,760,000 on lobbying efforts, as reported by OpenSecrets. The expenditure raises questions about the corporation’s influence over public policy and potential detriments to progressive policy reforms.
-40
Political Contributions and Lobbying Efforts
April 3
Duke Energy's significant lobbying expenditure of $3,760,000 in 2021 suggests a strong investment in influencing public policy. From a left-leaning perspective, such large-scale lobbying is concerning as it may facilitate regulatory capture and undermine progressive reforms intended to curb corporate influence in politics, potentially supporting authoritarian tendencies.
- FEB042019
Duke Energy was fined $10 million by NERC for 127 cybersecurity violations between 2015 and 2018 that exposed critical infrastructure due to managerial oversights, inadequate controls, and process deficiencies. The enforcement action necessitates improvements in training and oversight.
-50
Business Practices and Ethical Responsibility
April 3
The fine and related cybersecurity lapses underscore significant failures in Duke Energy's internal controls and governance, reflecting poor business practices that compromise essential public infrastructure. Such managerial and process deficiencies expose the company to risks that can be exploited by authoritarian or criminal forces.
-50
Technology and Services Impact
April 3
The cybersecurity lapses involved critical cyber assets and underscore a failure in safeguarding technology and infrastructure. This negligence not only jeopardizes utility operations but also creates vulnerabilities that could be exploited by state actors or organized groups, highlighting a risk factor contrary to public safety and democratic norms.
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Corporate Financials
- Revenue
- 2025
- $19.00B
- Total Assets
- 2025
- $120.00B
- Operating Income
- 2025
- $7.00B
- Total Equity
- 2025
- $40.00B
Employees: 28,000
Industries
- 221113
- Nuclear Electric Power Generation
- 221118
- Other Electric Power Generation
- 221121
- Electric Bulk Power Transmission and Control
- 221122
- Electric Power Distribution