How Duke managed to do better than expected in Covid-ravaged Q2
Better-than-expected residential sales and $170 million worth of cost cutting mitigated Duke Energy Corp.’s second-quarter losses as the company was hit hard by the significant drop in commercial and industrial sales from the Covid-19 crisis.
Still the company reported a net loss of $817 million, or $1.13 per share, on sales totaling $5.4 billion. That compares with a profit of $820 million, or $1.12 per share, for the same quarter last year, when sales totaled almost $5.9 million.
In the quarter,…
Report: Offshore wind farms could net billions for NC, but obstacles remain
A new report says offshore wind farms in the Carolinas could bring $45 billion in investment. But North Carolina’s policies lag behind other states in terms of promoting the renewable energy.
Duke Energy to replace $2B Atlantic Coast Pipeline investment with gas infrastructure, solar and grid upgrades
The decision announced July 5 by Duke Energy Corp. and partner Dominion Energy Inc. to abandon the $8 billion pipeline was major news in the energy industry.
Longtime Consol energy executive to retire
A succession plan is in place and, according to the terms of his retirement, McCaffrey will remain as a consultant to the company for six months.
Consol CEO: ‘No sugar coating’ how bad industry’s Q2 was
Consol Energy Inc. CEO Jimmy Brock said the second quarter was the worst quarter he’s ever seen during his more than 40-year career.
Buzz Solutions uses AI to watch for power line fire hazards
Palo Alto-based startup Buzz Solutions uses AI to analyze images of power lines and find potential fire hazards.
Residential sales and an industrial resilience in the face of Covid-19 made Duke Energy’s Q2 better than expected
Better-than-expected residential sales and $170 million worth of cost cutting mitigated Duke Energy Corp.’s second-quarter losses as the company was hit hard by the significant drop in commercial and industrial sales from the Covid-19 crisis.
Still the company reported a net loss of $817 million, or $1.13 per share, on sales totaling $5.4 billion. That compares with a profit of $820 million, or $1.12 per share, for the same quarter last year, when sales totaled almost $5.9 million.
In the quarter,…
KBR transitioning to two-segment business, eliminating Energy Services segment
When Stuart Bradie took over as CEO in 2014, some 80% of KBR’s business was in oil and gas, he told the Houston Business Journal last year. As of 2019, the Government Services segment accounted for about 70% of all of KBR.
Fast 50: Artisun Solar, RisingSun Solar shine on ranking
The heads of Artisun Solar and RisingSun Solar, which captured the No. 4 and No. 5 spots on the Kansas City Business Journal’s Fastest-Growing Area Companies List, shed some light on their companies’ exponential revenue growth from 2017 to 2019.
Environmental groups ask NC regulators to rule Duke Energy coal-to-gas plant conversions are illegal
A coalition of environmental groups have petitioned N.C. regulators to rule Duke Energy and other utilities must get regulatory approval before modifying coal plants to burn natural gas.
