Outlet profile

Duke Energy press release (via PR Newswire)

U.S. corporate (regulated electric utility)

Owned byDuke Energy Corporation, a publicly traded company (NYSE: DUK). Largest institutional shareholders are Vanguard Group (~10%), BlackRock, and State Street. PR Newswire, the distribution platform, is owned by Cision.

FundingCorporate communications budget of Duke Energy, a regulated electric utility with revenues from electricity and natural gas sales to approximately 8 million customers in the Southeast and Midwest. Press releases are paid placements on PR Newswire's wire service.

On the administrationbroadly supportive

Background

Duke Energy traces its origins to Catawba Power Company, founded in 1900, and Southern Power Company, established in 1905 with major investment from industrialist James B. Duke, for whom the company is named. The company grew through decades of consolidation in the Carolinas and became a publicly traded corporation after its 1980 IPO. A 1997 merger with PanEnergy Corp expanded it into natural gas, and a 2006 acquisition of Cinergy Corporation added Midwest utility operations. Duke Energy became the largest electric utility in the United States following its 2012 merger with Progress Energy. PR Newswire, the wire service used to distribute Duke Energy's press releases, was founded in 1954 and acquired by Cision in 2015–2016; it operates as a paid distribution platform where organizations pay to have their self-authored announcements circulated to newsrooms and financial terminals — its content is not independently reported or fact-checked. Duke Energy press releases function as promotional and investor-relations documents: they are written to present the company favorably, announce earnings, highlight infrastructure projects, and manage public perception. Under the Trump administration's second term, Duke Energy voluntarily terminated a $129 million offshore wind lease in early 2025, shifted its resource planning toward natural gas and nuclear generation in explicit response to the administration's rollback of renewable energy tax credits, and received federal support for coal plant upgrades at its Belews Creek facility in North Carolina. The company's public communications have not criticized these policy shifts; instead, they have framed the changes as being in customers' and shareholders' interests.

Sources

Profile compiled 2026-07-18; refreshed when ownership, funding, or the administration changes.

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