Duke Pours $145 Billion into 10-Year Plan for T&D, Renewables

October 5, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) plans to invest $145 billion over the next 10 years in what it calls "critical energy infrastructure." About $75 billion of the total will go toward modernizing its transmission and distribution (T&D) infrastructure, while $40 billion will be invested in solar, wind, nuclear and other zero-carbon generation. The $145 billion investment represents a $10 billion increase over the previous 10-year plan for Duke's seven regulated utilities.

Industrial Info is tracking more than $12.4 billion worth of active projects from Duke. Duke already has more than $1.35 billion worth of renewable-generation projects nearing or under construction. But the more immediate concern for Duke is meeting the demand for energy in some of its biggest growth areas.