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Commodities

Duke Energy Urges Carolinas Customers to Reduce Power Use During Peak Heat

Duke Energy (DUK) is asking customers across North and South Carolina to voluntarily cut electricity use from 2 to 8 pm on Friday as unusually hot weather drives higher demand on the power grid, the utility said in a statement.Duke is asking customers to help ease demand on the power grid during the afternoon and evening peak period.It said customers should raise thermostats to the highest comfortable setting, avoid using major appliances such as washing machines, dryers and dishwashers, and limit use of electric ranges and ovens. Duke Energy also recommends electric-vehicle owners charge overnight, when demand is typically lower."Above-average heat puts pressure on the system during peak hours," Kendal Bowman, president of Duke Energy's utility operations in North Carolina, said.She added that the actions could lower grid strain. "Small actions during the late afternoon and early evening can help reduce strain on the grid and support reliable service for everyone," Bowman said.Duke Energy serves about 3.9 million electric customers in North Carolina and over 870,000 in South Carolina.Price: $117.51, Change: $-1.03, Percent Change: -0.87%

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Commodities

US Energy Department Orders Emergency Steps to Protect Carolinas Grid

The US Department of Energy issued an emergency order on Wednesday to stabilize the electrical grid in North Carolina and South Carolina and avert potential blackouts during the Labor Day weekend heat wave.The directive, which took effect on Sept. 3 and remains in place through Sept. 8, authorizes Duke Energy (DUK) Carolinas to dispatch specified generating units and direct their operation when necessary to maintain grid reliability.The department said that Duke, working with transmission owners, may also direct backup generation resources to operate as a last resort before or during the highest level of grid emergency, known as an Energy Emergency Alert 3.Energy Secretary Chris Wright blamed previous federal policies for weakening domestic grid infrastructure, stating that the administration's actions are intended to secure reliable power for families and businesses throughout the holiday weekend.Price: $121.15, Change: $-0.26, Percent Change: -0.21%

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Commodities

Tropical Storm Warnings End But Dangerous Heat In Central, Eastern US Persists: NWS

Strong to severe thunderstorms are a risk from the Upper Ohio Valley into the Mid-Atlantic on Friday, bringing damaging winds while a blanket of dangerous heat is persisting from the center-south to the Midwest and Mid-Atlantic, the US National Weather Service said on Friday.A red flag warning for dangerous heat spanned some or all of Kentucky, Indiana, Illinois, Iowa, Missouri, Kansas. Affected municipalities were Kewanee, Peoria, Galesburg, Burlington, Canton, Bloomington, Danville, Champaign, Lincoln, Havana, Macomb, Decatux, Quincy, Jacksonville, Taylorville, Carlinville, Vandalia, Effingham, Salem, Olney, Concordia, Manhattan, Topeka, Emporia, St. Louis, Mount Vernon, Carbondale, Evansville, Petersburg, Owensboro, Madisonville, Cape Girardeau, Sikeston, Poplar Bluff, Mayfield, Hopkinsville, Centerville, Iowa City, Davenport, Princeton and Keokuk.Power providers across this large zone include Ohio Edison, AEP Ohio, AES Indiana (AES), Duke Energy (DUK), LG&E and KU, CenterPoint Energy (CNP), Kentucky Power, Potomac Edison, Appalachian Power Company, Georgia Power, Alabama Power, Entergy Arkansas (ETR) and Entergy Mississippi.Warnings related to Tropical Storm Edouard ended by Friday after the storm peaked around the middle of the week.

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Wire

Duke Energy's Florida Utility Requests Rate Cut for 2027

Duke Energy's (DUK) Florida utility filed with state regulators to lower customer rates beginning in January, compared with December levels.Residential customers using 1,000 kilowatt-hours of energy per month would get a $0.71 decrease on their bills, while commercial and industrial customers may see reductions ranging from 0.8% to 3.6%, depending on several factors, the company said Thursday in a statement.The filing reflects the utility's move to apply $50 million in tax savings to offset costs, allowing customers to avoid a base-rate increase that would otherwise take effect in 2027, the statement said.Price: $121.69, Change: $+1.13, Percent Change: +0.94%

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Commodities

NWS Update: Tropical Storm Edouard Risks Diminish, Excess Heat Warning in Center, East

FirstEnergy (FE) Tropical storm Edouard remains active, causing strong winds and heavy rainfall in parts of eastern Texas and bringing a risk of flash floods, the National Weather Service said on Thursday.An NWS map showed that the flash flood threat had diminished in scope with Houston one of the few places remaining at risk.CenterPoint Energy and Entergy Texas are among the main power providers in the area.Severe thunderstorms and heavy rain are possible over some of the eastern Great Lakes stretching to the Mid-Atlantic while severe storms expected across some of Montana, the update said.In the center and east of the country, the NWS said that dangerously high temperatures would continue until at least Friday night.The Center-Eastern warning for excessive heat was in force in Cape Girardeau, Farmington, Chestar, St. Louis, Vandalia, Carlinville, Springfield, Quincy, Columbia, Jefferson City, Mexico, Washington, Centerville, Poplar Bluff, Mayfield, Paducah, Hopkinsville, Madisonville, Carbondale, Mount Vernon, Carmi, Evansville, Owensboro, Petersburg, Iowa City, Davenport, Princeton, Burlington, Galesburg, Peoria, Macomb, Keokuk, Lincoln, Pekin, Bloomington, Havana, Jacksonville, Decatur, Taylorville, Effingham, Carlinville, Ofney, Salem and Olney.Power providers across this large zone include Ohio Edison, AEP Ohio, AES Indiana (AES), Duke Energy (DUK), LG&E and KU, CenterPoint Energy (CNP), Kentucky Power, Potomac Edison, Appalachian Power Company, Georgia Power, Alabama Power, Entergy Arkansas (ETR) and Entergy Mississippi.

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Commodities

NWS Update: Storm Edouard Risks Recede on Gulf Coast, Heat Warnings Fan Out

Flash flooding is possible in southeastern Texas on Wednesday as Tropical Storm Edouard brings strong winds, storm surge and heavy rainfall, the National Weather Service said, but areas at risk of damage had shrunk versus Tuesday.On the other hand, warnings for hazardous heat covered a broader area of the central and eastern US, with an accompanying risk of severe thunderstorms stretching from the Great Lakes to the Mid-Atlantic.More than 20 states were either fully or partly covered by heat warnings.These included Texas, Oklahoma, Arkansas, Mississippi, Alabama, Tennessee, Georgia, North and South Carolina, West Virginia, Washington D.C., Pennsylvania, Ohio, Kentucky, Michigan, Illinois, Indiana, Iowa, Missouri, Kansas and Nebraska.A cluster of territory stretching across Illinois, Indiana, Missouri and Kentucky had a more severe 'extreme' heat warning in place, National Weather Service data showed.In terms of flood risks on the Gulf Coast where news reports say Storm Edouard has already made landfall, warnings are in place for Houston, Beaumont, Lake Charles as well as Lufkin and Bryan, further inland.The main power providers in these areas are Entergy's (ETR), Center Point Energy (CNP), Duke Energy (DUK) and Ameren (AEE).The agency also issued high wind warnings in Dillon and Butte in Montana and Stanley, Sun Valley and Hailey in Idaho. Northwestern Energy (NWE) and Idacorp's (IDA) Idaho Power serve these territories.

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Wire

JPMorgan Lowers Price Target on Duke Energy to $137 From $141, Maintains Neutral Rating

Duke Energy (DUK) has an average rating of overweight and mean price target of $138.78, according to analysts polled by FactSet.Price: $124.66, Change: $+1.08, Percent Change: +0.87%

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Commodities

Duke Energy Files 2026 Resource Plan to Regulators

Duke Energy (DUK) has submitted its 2026 Carolinas Resource Plan to the Public Service Commission of South Carolina to address the state's rapid industrial growth and support expanding energy demand, the company said on Monday.Filed on Aug. 14, the roadmap aims to balance reliability, diverse resources, and customer affordability aligning with South Carolina's energy policy goals under the 2025 Energy Security Act, the company said.Key near-term initiatives include advancing natural gas projects underscored by an approved 1,400-megawatt combined cycle facility in Anderson County alongside turbine supply agreements with GE Vernova (GEV) and scaling battery storage, supported by a new request for proposals for 400 MW of standalone storage in the state.Furthermore, the portfolio maintains active solar procurement, maximizes existing nuclear assets via license renewals and uprates while evaluating future sites in Cherokee County, S.C. and Stokes County, N.C., and deploys Grid Edge programs to manage demand, it stated.Duke Energy estimated that combining tax-credit optimization, pending US Department of Energy loan applications, and the approved combination of Duke Energy Carolinas and Duke Energy Progress will deliver more than $5 billion in cost-saving benefits to customers.The regulator is scheduled to hold hearings on the resource plan in April 2027, with a final regulatory order expected by June 2027, according to the statement.

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Commodities

NWS Warns of Thunderstorms, Heavy Rainfall in Plains; Hazardous Heat in South, Southeast

The US National Weather Service said the northern/central Plains are likely to experience severe thunderstorms through Tuesday afternoon, with similar conditions expected in the region stretching from the central Plains to the Mid-Mississippi Valley from Tuesday evening through Wednesday morning.The storms could result in large hail, damaging wind gusts, with heavy rainfall also causing potential scattered flash flooding, the agency said.Meanwhile, the South and Southeast US continues to face hazardous heat.The NWS issued an extreme heat warning early Tuesday for Oklahoma's Bartlesville, Ponca City, Enid, Stillwater, Tulsa, Chandler, Muskogee, Oklahoma City, Oklahoma City, Chickasha, Ada, MAcAlester, Hugo, Duncan, Atoka, Ardmore, and Durant.OGE Energy (OGE) unit Oklahoma Gas & Electric and AEP subsidiary Public Service Co. of Oklahoma are the major service providers in Oklahoma.In Texas, a similar warning was raised for Gainesville, Bowie, Decatur, Jacksboro, Graham, Fort Worth, Granbury, Dallas, Cleburne, Stephenville, Waxahachie, Denton, Canton, Emory, Sulphur Springs, Sherman, Paris, and Greenville. These places are primarily served by Sempra Energy (SRE) unit Oncor.Affected areas in Arkansas include Fort Smith, Russellville, Conway, and Little Rock. These places are primarily served by American Electric Power's (AEP) Southwestern Electric Power Company, and Entergy's (ETR) Arkansas unit.Extreme heat warnings were also raised for Louisiana's Hammond and New Orleans, served by Entergy Louisiana and Entergy New Orleans; Gulfport in Mississippi, where Southern Company (SO) unit Mississippi Power is the major service provider; Mobile in Alabama, served by Southern Company's Alabama Power; and Bainbridge, Valdosta, Hinesville, and Savannah in Georgia, which mostly falls under the service area of Southern Company subsidiary Georgia Power.In Florida, an extreme heat warning was issued for Pensacola, De Funiak Springs, Panama City, Apalachicola, Tallahassee, Marianna, Lake City, Perry, Cross City, Ocala, Lake City, and Jacksonville. Nextera Energy's (NEE) Florida Power & Light, Duke Energy (DUK), and Chesapeake Utilities' (CPK) Florida Public Utilities are the major service providers in these places.South Carolina's Hilton Head Island, Beaufort, Charleston, Summerville, Moncks Corner, Kingstree, Georgetown, Conway and Myrtle Beach; and North Carolina's Whiteville, Southport, Wilmington, Burgaw, Kenansville, New Bern, Jacksonville, Morehead City and Swan Quarter were also placed under an extreme heat warning watch. The Carolinas primarily fall under the service areas of Dukes Energy and Dominion Energy (D).The NWS issued an extreme heat warning for Arizona's Kingman, Bullhead City, Lake Havasu City, Parker, Yuma, Gila Bend, Dateland, Ajo, Wickenburg, Phoenix, Casa Grande, Globe, Tucson, Nogales, Sells, Green Valley, Oro Valley, Oracle, San Carlos, Safford, Oracle, Oro Valley, Green Valley, and Grand Canyon Village. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.Nevada's Las Vegas and Beatty, which fall under the service area of Berkshire Hathaway Energy unit NV Energy, were also placed under a similar warning.Affected areas in California include Blythe, El Centro Imperial, Twentynine Palms, Baker, Death Valley, and Barstow, primarily served by Edison International (EIX) unit Southern California Edison.Meanwhile, the NWS issued a red flag warning for Oregon's The Dalles, Maupin, Condon, Fossil, Hermiston, Pendleton, and Hood River; and Washington's Walla Walla. These places are primarily service by PacifiCorp's Pacific Power.In Arizona, an extreme heat warning was raised for Parker, Yuma, Gila Bend, Dateland, Ajo, Wickenburg, Phoenix, Casa Grande, Globe, Tucson, Nogales, Sells, Green Valley, Oro Valley, Oracle, San Carlos, and Safford. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.A severe thunderstorm warning was issued in Nebraska's Lincoln, Nebraska City and Beatrice. The state mostly falls under the service area of regional transmission organization Southwest Power Pool, with Midcontinent ISO also serving some areas.The NWS issued a flood warning for Illinois' Peru, Canton, Havana, Macomb, Pekin, Danville, Champaign, Ottawa, and areas near Kankakee. Ameren's (AEE) Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.Indiana's Seymour, Terre Haute, Vincennes, Indianapolis, Marion, Muncie, Lafayette, Gary, and Fort Wayne were also covered under a flood warning watch. NiSource (NI) unit Northern Indiana Public Service Company, Duke Energy, and the Indiana unit of AES (AES), AEP unit Indiana Michigan Power, and CenterPoint Energy (CNP) Indiana unit are among the major service providers in the state.Flood warnings were also issued for New Lexington and Zanesville in Iowa; Zanesville in Ohio; and Clarksburg in West Virginia.Meanwhile, around 77,775 homes and businesses were without power in Hawaii due to the impact of Tropical Storm Lala, according to data from PowerOutage.us early Tuesday.The NWS had previously warned that Tropical Storm Lala will bring gusty winds, heavy rains, flash flooding, and high surfs even as it moves away from the islands.

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Commodities

NWS Warns of Tropical Storm Lala Impact in Hawaii, Record Heat in Central/Southern Plains

The US National Weather Service on Monday said it expects Tropical Storm Lala to bring continues gusty winds, heavy rains, flash flooding, and high surfs even as it moves away from the islands.The region stretching from the Midwest to the Mid-Atlantic and across the central High Plains is expected to experience persistent severe thunderstorms, heavy rainfall, and flash flooding threats.Meanwhile, areas falling in central/southern Plains and into the Southeast are likely to encounter record heat.The NWS early Monday issued an extreme heat warning for the entirety of Mississippi, except for parts of Hattiesburg. Southern Company (SO) subsidiary Mississippi Power and Entergy's (ETR) Mississippi unit are the major service providers in the state.A similar warning was raised for Alabama's Hamilton, Jasper, Gadsden, Birmingham, Anniston, Sylacauga, Tuscaloosa, Clanton, Alexander City, Demopolis, Troy, Montgomery, and Columbus. Alabama is primarily served by Southern Company's Alabama Power.Affected areas in Arkansas include Russellville, Little Rock, Conway, Brinkley, Searcy, Jonesboro and Pine Bluff, which primarily fall under the service area of Entergy's Arkansas subsidiary.In Louisiana, an extreme heat warning was issued for Baton Rouge, Hammond, Houma and New Orleans, served by Entergy Louisiana and Entergy New Orleans units.Also covered under an extreme heat warning watch were Florida's Panama City, Apalachicola, Tallahassee and parts of De Funiak Springs. Nextera Energy's (NEE) Florida Power & Light and Duke Energy (DUK) are the major service providers in these places.Extreme heat warnings were also issued for Georgia's Hinesville and Savannah, where Southern Company's Georgia Power is the primary service provider; and Memphis and areas near Jackson and Dyersville in Tennessee, where Tennessee Valley Authority is the primary service provider.South Carolina's Hilton Head Island, Beaufort, Charleston, Summerville, Moncks Corner, Florence, Kingstree, Georgetown, Conway and Myrtle Beach; and North Carolina's Whiteville, Southport, Wilmington, Burgaw, Kenansville, New Bern, Jacksonville, and Morehead City were also placed under an extreme heat warning watch. The Carolinas primarily fall under the service areas of Dukes Energy and Dominion Energy (D).In Arizona, an extreme heat warning was raised for Parker, Yuma, Gila Bend, Dateland, Ajo, Wickenburg, Phoenix, Casa Grande, Globe, Tucson, Nogales, Sells, Green Valley, Oro Valley, Oracle, San Carlos, and Safford. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.A similar warning was also raised for California's Blythe and El Centro Imperial, served by Edison International's (EIX) Southern California Edison.The NWS issued a flood warning for Illinois' Peru, Princeton, Canton, Havana, Macomb, Galesburg, Champaign, Danville, and Ottawa. Ameren's (AEE) Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.Indiana's Seymour, Terre Haute, Vincennes, Indianapolis, Muncie, and Fort Wayne were also covered under a flood warning watch. NiSource (NI) unit Northern Indiana Public Service Company, Duke Energy, and the Indiana unit of AES (AES), AEP unit Indiana Michigan Power, and CenterPoint Energy (CNP) are among the major service providers in the state.Flood warnings were also issued for Burlington in Iowa; Zanesville in Ohio; Elkins, Charleston, and areas near Fairmont and Clarksburg in West Virginia.Meanwhile, a flash flood warning was raised for areas near Philadelphia in Pennsylvania.In a statement issued on Saturday, ComEd said power had been restored to almost 99% of the its customers who were impacted by severe storms in northern Illinois on Aug. 11-12.Destructive winds, tornadoes, and severe storms damaged power infrastructure and disrupted service for nearly 410,000 of the company's customers, the statement added.

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Commodities

NWS Warns of Heavy Rainfall, Flooding in Midwest, Ohio Valley; Record Heat in Plains, Southeast US

The US National Weather Service on Thursday forecast persistent heavy to excessive rainfall and flash flooding risks in the Midwest and Ohio Valley for a couple of days due to the presence of an active pattern.Meanwhile, continued dangerous heat is expected in the central/southern Plains and Southeast US into next week with the potential for record-tying/breaking temperatures. Several places could likely record their hottest temperatures for the year thus far, the agency said.The NWS early Friday issued a red flag warning for Washington's Ellensburg and Yakima, primarily served by Puget Sound Energy and PacifiCorp's Pacific Power.A similar warning was issued for Oregon's Burns, Ontario, John Day, Jordan Valley, Monument, Fossil, La Grande, Ontario, Baker City, Enterprise, primarily served by Pacific Power and Idacorp's (IDA) Idaho Power.In Idaho, affected areas include McCall, Boise, Mountain Home, Jerome, Twin Falls, Caldwell, and Shoshone, which mostly fall under the service area of Idaho Power.The NWS issued an extreme heat warning for most of Missouri, except for Macon, Chillicothe, Kirksville, Trenton, St. Joseph, Bethany, Maryville, Grant City, and Rock Port. Evergy (EVRG), Ameren's (AEE) Missouri unit, and Algonquin Power & Utilities (AQN) subsidiary Liberty are the major service providers in the state.In Kansas, where Evergy is among the major service providers, affected areas include Russell, Lincoln, Ellsworth, Salina, Great Bend, McPherson, Hutchinson, Newton, Kingman, Anthony, Leavenworth, Atchison, Olathe, Ottawa, Topeka, Wellington, Arkansas City, Wichita, Manhattan, El Dorado, Emporia, Eureka, Howard, Sedan, Fredonia, Iola, Concordia, Lawrence, and Paola.Also placed under an extreme heat warning watch were Oklahoma's Bartlesville, Grove, Tulsa, Muskogee, and Ponca City. OGE Energy (OGE) unit Oklahoma Gas & Electric and American Electric Power (AEP) subsidiary Public Service Co. of Oklahoma are the major service providers in Oklahoma.In Arkansas, extreme heat warnings were issued for Mountain Home, Little Rock, Conway, Brinkley, Searcy, Batesville, and Jonesboro, which primarily fall under the service area of Entergy's (ETR) Arkansas unit.The NWS also issued heat warnings for Mississippi's Clarksdale, served by Entergy's Mississippi unit; Florida's Panama City, Apalachicola, and Tallahassee, served by Duke Energy (DUK) and NextEra Energy (NEE) unit Florida Power & Light Company; Georgia's Hinesville, Savannah, where Southern Company's (SO) Georgia Power is the primary service provider; and South Carolina's Hilton Head Island, Beaufort, Charleston, Summerville, and Moncks Corner.South Carolina primarily falls under the service areas of Dukes Energy and Dominion Energy (D).In Illinois, a similar warning was raised for Carbondale, Carmi, Mount Vernon, and Chester. A flash flood warning was issued for Galesburg, Peoria, Bloomington, while Champaign and Danville were placed under a severe thunderstorm warning watch. Ameren's Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.A flash flood warning was also issued for Indiana's Muncie, Kokomo, and Crawfordsville, while a flood warning was raised for Terre Haute, Marion, Greensburg, Seymour, parts of Muncie, and the areas bordering Illinois. Evansville and Petersburg were placed under an extreme heat warning watch. NiSource (NI) unit Northern Indiana Public Service Company, Duke Energy, and the Indiana unit of AES (AES) are among the major service providers in Indiana.Also covered under an extreme heat warning watch were Kentucky's Mayfield, Paducah, Hopkinsville, Madisonville, and Owensboro. Meanwhile, a flood warning was raised for areas near Jackson and Pikeville. Kentucky is primarily served by PPL (PPL) subsidiary Louisville Gas and Electric & Kentucky Utilities, AEP unit Kentucky Power, and Duke Energy among others.

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Commodities

Severe US Midwest Storms Cut Power to 500,000 Homes, Businesses

Severe storms across the US Midwest have left over 500,000 homes and businesses without power, according to data from PowerOutage.As many as 540,000 customers were left without power but the figure has now fallen to 504,544, with Indiana the hardest hit, with 261,800 outages, representing over 8% of its 3 million houses and businesses.The Northern Indiana Public Service Co, owned by NiSource Inc (NI), was most impacted, with 55% of its 468,000 customers in the state facing an outage. The utility said that it was still assessing damage and would provide an estimated restoration time.The utility did not immediately respond to' request for comment."There is widespread damage to electric infrastructure, including downed poles, power lines, and trees," it said, according to a Reuters report.Other states fared relatively better, with Ohio, Illinois, Kentucky and California reporting 84,500, 79,261, 17,666 and 16,639 outages, respectively.Duke Energy (DUK) had restored power to more than 171,000 customers across Greater Cincinnati and had 1,000 additional workers joining its restoration efforts, it said in a statement on Thursday.According to AccuWeather meteorologist Alex Sosnowski, more rounds of thunderstorms were expected across the Plains, Midwest and East into Thursday, potentially leading to further outages.

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Commodities

NWS Forecasts Heavy Rainfall, Flooding in Midwest, Ohio Valley; Potential Record Heat in Plains, Southeast

The US National Weather Service on Thursday said the Midwest and Ohio Valley are expected to experience heavy to excessive rainfall and flash flooding threats over the next two days due to an active pattern.Meanwhile, the central/southern Plains and Southeast US likely to face persistent dangerous heat into next week, with many places expected to record their hottest temperatures for the year thus far and potential for record-tying/breaking temperatures.The NWS early Thursday issued a red flag warning for Oregon's Baker City, Burns, La Grande, Ontario, John Day, Bend, Redmond, Prineville, Madras, Fossil, Monument, Jordan Valley, and Chemult, primarily served by PacifiCorp's Pacific Power and Idacorp's (IDA) Idaho Power.A similar warning was raised for Washington's Republic, Colville, Omak, Coulee Dam, and Spokane, which mostly fall under the service area of Avista's (AVA) Avista Utilities.Affected areas in Idaho include Bonners Ferry, Sandpoint, Coeur D Alene, McCall, Stanley, Idaho City, Caldwell, Boise, Mountain Home, Jerome, Twin Falls, Shoup, Challis, Stanley, Sun Valley, Hailey, Shoshone, Pocatello, Blackfoot, Burley, Soda Springs, Malad City, Preston, Montpelier, Palisades, Driggs, Island Park, Salmon, Arco, Mackay, and Dubois.Idaho Power, Avista Utilities, and PacifiCorp's Rocky Mountain Power are the major electricity service providers in Idaho.The NWS also issued red flag warnings for Jackson in Wyoming, served by Rocky Mountain Power; and areas near Placerville, Murphys, Sonora, Jackson, and South Lake Tahoe in California, where Algonquin Power & Utilities (AQN) unit Liberty and PG&E (PCG) subsidiary Pacific Gas and Electric are the primary service providers.In Texas, a red flag warning was also issued for Clarendon, Pampa, Perryton, primarily served by Xcel Energy (XEL) and American Electric Power (AEP) through its Texas subsidiary.Also placed under a red flag warning watch were Oklahoma's Beaver, Elk City, Gage, parts of Woodward, and areas near Altus. Woodward was also covered under an extreme heat warning watch, along with Alva, Enid, Stillwater and Ponca City. OGE Energy (OGE) unit Oklahoma Gas & Electric and AEP subsidiary Public Service Co. of Oklahoma are the major service providers in Oklahoma.The NWS issued an extreme heat warning for most of Missouri, except for Macon, Chillicothe, Kirksville, Trenton, St. Joseph, Bethany, Maryville, Grant City, and Rock Port. Evergy (EVRG), Ameren's (AEE) Missouri unit, and Liberty are the major service providers in the state.In Kansas, where Evergy is among the major service providers, affected areas include Russell, Lincoln, Ellsworth, Salina, Great Bend, McPherson, Hutchinson, Newton, Kingman, Anthony, Medicine Lodge, Wellington, Arkansas City, Wichita, Manhattan, El Dorado, Emporia, Eureka, Howard, Sedan, Fredonia, Iola, Concordia, Lawrence, and Paola.In Arkansas, extreme heat warnings were issued for Mountain Home, Little Rock, Conway, Brinkley, Searcy, Batesville, and Jonesboro, which primarily fall under the service area of Entergy's (ETR) Arkansas unit.Also placed under extreme heat warnings were Mississippi's Clarksdale, served by Entergy's Mississippi unit; and Carbondale, Carmi, Mount Vernon, and Chester in Illinois, where Ameren's Illinois unit is the primary service provider.Similar warnings were raised for Kentucky's Mayfield, Paducah, Hopkinsville, Madisonville, and Owensboro. Kentucky is primarily served by PPL (PPL) subsidiary Louisville Gas and Electric & Kentucky Utilities, AEP unit Kentucky Power, and Duke Energy (DUK) among others.Evansville and Petersburg in Indiana were placed under an extreme heat warning watch, while a flood warning was raised for Muncie, Terre Haute, Greensburg, Indianapolis, Kokomo, Marion, and Seymour. NiSource (NI) unit Northern Indiana Public Service Company, Duke Energy, and the Indiana unit of AES (AES) are among the major service providers in the state.Flood warnings were also issued for small pockets of Ohio, South Dakota and Arizona.In Arizona, the NWS also issued a flash flood warning for Parker, Phoenix and Wickenburg, primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company.A severe thunderstorm warning was issued for Nebraska's Norfolk and Columbus, with parts of these places also covered by a tornado warning. Nebraska mostly falls under the service area of regional transmission organization Southwest Power Pool, with Midcontinent ISO also serving some areas.About 505,041 homes and businesses in the US Midwest faced power supply outages on Thursday, with Indiana accounting for 262,703 such cases. About 254,913 of these customers are served by Northern Indiana Public Service Company, according to PowerOutage.us data.

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Commodities

NWS Warns of Severe Thunderstorms in Mid-Mississippi/Ohio Valleys, Central Appalachians

The US National Weather Service has said the region stretching from the mid-Mississippi Valley into parts of the Ohio Valley and central Appalachians could face severe thunderstorms with damaging wind gusts on Wednesday night.Portions of the Ohio Valley could face significant flash and urban flooding due to heavy rains linked to the storms.Meanwhile, the region from the Central Plains to the Southeast continues to experience mid-summer heat, the agency said.The NWS early Wednesday issued a red flag warning for Washington's Wenatchee, Chelan, Omak, Winthrop, Republic, Coulee Dam, Colville, and Spokane. PacifiCorp unit Pacific Power, Avista (AVA) subsidiary Avista Utilities and Puget Sound Energy are among the primary electricity service providers in the state.A red flag warning was also raised for Idaho's Bonners Fry, Sandpoint, and Coeur D Alene, primarily served by Avista Utilities.The NWS issued an extreme heat warning for Missouri's Joplin, Nevada, Clinton, Sedalia, Osage Beach, Jefferson City, Camdenton, Columbia, Boonville, Warrensburg, Harrisonville, Buttler, Washington, Kansas City, Moberly, Carrollton, and St. Louis. Missouri is primarily served by Evergy (EVRG), Ameren's (AEE) Missouri unit, and Algonquin Power & Utilities (AQN) subsidiary Liberty.In Kansas, a similar warning was issued for Medicine Lodge, Arkansas City, Sedan, Wellington, Anthony, Iola, Fredonia, Topeka, Manhattan, Kingman, Wichita, El Dorado, Eureka, Howard, Newton, Hutchinson, Emporia, Salina, McPherson, Great Bend, Russell, Lincoln, Ellsworth, Paola, Olathe, Ottawa, Leavenworth, Atchison, and Concordia. Evergy (EVRG) is among the major electricity providers in the state.Affected areas in Arkansas include Little Rock, Conway, Brinkley, Searcy, Batesville, and Jonesboro, which primarily fall under the service area of Entergy's (ETR) Arkansas unit.Also placed under extreme heat warnings were Mississippi's Clarksdale, served by Entergy's Mississippi unit; and Chester and areas near Carlinville and Vandalia in Illinois, where Ameren's (AEE) Illinois unit is the primary service provider.The NWS issued a flood warning for Ohio's New Lexington, and areas near Jackson and Zanesville. These places are primarily served by FirstEnergy (FE) subsidiary Ohio Edison and the Ohio units of AES (AES) and American Electric Power (AEP).In Indiana, a flash flood warning was raised for Madison, Seymour, Greensburg, and Muncie, with parts of Seymour and Greensburg also placed under a flood warning. Duke Energy (DUK), and the Indiana unit of AES are among the major service providers in these places.Lexington in Kentucky was covered by a flash flood warning, while a severe thunderstorm warning was raised for Frankfort.The NWS also issued severe thunderstorm warnings for Cedar Rapids in Iowa; and Norfolk and areas near Tekamah and Columbus in Nebraska. Areas near Norfolk were also covered under a flash flood warning.

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Sectors

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index increased 0.8%, and the Dow Jones US Utilities Index advanced 1.1%.Front-month West Texas Intermediate crude oil rose 1.5% to $83.33 a barrel, and the global benchmark Brent crude contract gained 1.5% to $89.04 a barrel. Henry Hub natural gas futures decreased 0.9% to $2.77 per 1 million BTU.In corporate news, Duke Energy (DUK) shares rose 1.6% after it said Tuesday it priced a public offering of 35 million equity units, with each unit to be issued in a stated amount of $50, for about $1.72 billion in expected net proceeds.Phillips 66 (PSX), Kinder Morgan (KMI), and HF Sinclair (DINO) said they have reached a final investment decision to move forward with a joint venture to build the $5 billion Western Gateway Pipeline system. Phillips 66 shares gained 4%, Kinder Morgan added 0.4%, and HF Sinclair rose 1.5%.Baker Hughes (BKR) said it has signed a multiyear contract with Kuwait Oil Co. to support technology innovation in the country's upstream energy sector. Baker Hughes shares added 1%.Flowco (FLOC) shares added 3.1% after it posted higher Q2 earnings and revenue.

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Sectors

Sector Update: Energy

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index increased 0.8%, and the Dow Jones US Utilities Index advanced 1.1%.Front-month West Texas Intermediate crude oil rose 1.5% to $83.33 a barrel, and the global benchmark Brent crude contract gained 1.5% to $89.04 a barrel. Henry Hub natural gas futures decreased 0.9% to $2.77 per 1 million BTU.In corporate news, Duke Energy (DUK) shares rose 1.6% after it said Tuesday it priced a public offering of 35 million equity units, with each unit to be issued in a stated amount of $50, for about $1.72 billion in expected net proceeds.

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Wire

Barclays Adjusts Price Target on Duke Energy to $132 From $140

Duke Energy (DUK) has an average rating of overweight and mean price target of $138.78, according to analysts polled by FactSet.Price: $122.90, Change: $-1.40, Percent Change: -1.13%

$DUK
Sectors

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Tuesday afternoon, with the NYSE Energy Sector Index decreasing 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%.The Philadelphia Oil Service Sector Index was climbing 3.5%, and the Dow Jones US Utilities Index was shedding 0.6%.The US and Iran could reach a deal Tuesday or Wednesday to reopen the Strait of Hormuz for commercial ships, Treasury Secretary Scott Bessent said Tuesday in an interview with CNBC.Front-month West Texas Intermediate crude oil fell 5.7% to $75.74 a barrel, and the global benchmark Brent crude contract dropped 5.2% to $79.39 a barrel. Henry Hub natural gas futures declined 3.8% to $2.68 per 1 million BTU.In corporate news, NRG Energy (NRG) shares fell past 16%. The company reported Q2 adjusted earnings Tuesday of $1.49 per share, down from $1.73 a year earlier. Analysts polled by FactSet expected $1.69.BP (BP) reported Q2 underlying replacement cost profit Tuesday of $2.22 per American depositary share, up from $0.90 a year earlier. Separately, BP said Tuesday it plans to sell its US biogas business Archaea after making progress in strengthening its balance sheet and taking steps to simplify the company. BP shares were down 3.9%.Energy Transfer (ET) shares were up 0.5% after the company posted higher Q2 earnings and revenue.Duke Energy (DUK) reported Q2 adjusted earnings Tuesday of $1.43 per share, up from $1.25 a year earlier. Analysts polled by FactSet expected $1.30. Duke shares rose 0.1%.

$BP$DUK$ET$NRG
Sectors

Sector Update: Energy Stocks Lower in Afternoon Trading

Energy stocks declined Tuesday afternoon, with the NYSE Energy Sector Index decreasing 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.3%.The Philadelphia Oil Service Sector Index was climbing 3.6%, and the Dow Jones US Utilities Index was shedding 0.6%.The US and Iran could reach a deal Tuesday or Wednesday to reopen the Strait of Hormuz for commercial ships, Treasury Secretary Scott Bessent said Tuesday in an interview with CNBC.Front-month West Texas Intermediate crude oil fell 5.5% to $75.92 a barrel, and the global benchmark Brent crude contract dropped 5.2% to $79.40 a barrel. Henry Hub natural gas futures declined 3.8% to $2.68 per 1 million BTU.In corporate news, BP (BP) reported Q2 underlying replacement cost profit Tuesday of $2.22 per American depositary share, up from $0.90 a year earlier. Separately, BP said Tuesday it plans to sell its US biogas business Archaea after making progress in strengthening its balance sheet and taking steps to simplify the company. BP shares were down 3.7%.Energy Transfer (ET) shares were up more than 1% after the company posted higher Q2 earnings and revenue.Duke Energy (DUK) reported Q2 adjusted earnings Tuesday of $1.43 per share, up from $1.25 a year earlier. Analysts polled by FactSet expected $1.30. Duke shares rose 0.2%.

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Commodities

Duke Energy Q2 Power Generation Increases; Gas, Coal Offset Nuclear Decline

Duke Energy (DUK) reported Q2 earnings Tuesday, showing total electricity generation of 51,559 gigawatt-hours, up from 51,030 GWh a year earlier.Natural gas and oil generation increased to 23,037 GWh for the quarter ended June 30, up from 22,372 GWh a year earlier, while nuclear generation declined to 17,959 GWh for the quarter, down from 19,250 GWh a year ago.Coal-fired output climbed to 9,169 GWh for Q2, up from 7,785 GWh for the same quarter last year, while renewable generation rose to 1,310 GWh from 1,171 GWh, and hydro output fell to 84 GWh from 452 GWh.Purchased power and net interchange declined to 15,827 GWh in Q2, down from 16,214 GWh a year earlier.Duke Energy delivered 64,442 GWh of electricity during the quarter, compared with 64,161 GWh in the year-ago quarter.Total retail electricity sales increased to 53,429 GWh in the quarter from 53,295 GWh a year earlier, while wholesale and other sales rose to 11,013 GWh from 10,866 GWh.Residential electricity sales increased to 19,649 GWh in the quarter, up from 19,328 GWh a year earlier, while commercial sales rose to 19,525 GWh from 19,267 GWh.Industrial sales declined to 11,434 GWh from 11,751 GWh.Duke Energy Carolinas reported Q2 electric sales of 22,408 GWh, up from 22,168 GWh a year earlier, while Duke Energy Progress delivered 17,440 GWh versus 17,058 GWh.Duke Energy Florida sold 11,742 GWh compared with 11,726 GWh in the same period last year, Duke Energy Ohio sold 5,830 GWh compared with 5,671 GWh a year ago, and Duke Energy Indiana reported 7,022 GWh compared with 7,538 GWh in Q2 2025.Piedmont Natural Gas throughput increased to 132.8 million dekatherms for the quarter, up from 125.7 million dekatherms a year earlier, while Duke Energy Midwest throughput declined to 12 million Mcf from 13.9 million Mcf.Price: $122.56, Change: $-1.72, Percent Change: -1.38%

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