Duke Energy Corp. ranks third among the nation’s utilities for risks from hurricanes due to climate change, with most severe risks along Duke Energy Progress’ coastal Carolina operations and Duke Energy Florida’s Atlantic Coast and central regions.
Duke (NYSE: DUK) also ranks high for exposure to extreme rain and flooding.
That is the conclusion of a first-ever report from Moody’s Investors Service and its climate-risk affiliate, Four Twenty Seven, that attempts to quantify the credit risk…