Duke Energy Establishes Relationship with Optus Bank to Support Minority-Owned Businesses

Duke Energy has announced it has deposited $5 million into Optus Bank, a Black-owned bank based in South Carolina, furthering the company’s support for diverse and minority-owned businesses, individuals and low income communities. The transaction was completed at the end of 2020. One of approximately 20 banks designated as Black or African American owned in the U.S., Optus Bank will use the money Duke Energy deposited to provide other minority-owned businesses and underserved communities equal access to capital loans and financial services. “This is so much more than a deposit…

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Duke Energy Provides More Than $1 Million in Grants to Support Social Justice, Racial Equity

Duke Energy, through its foundation, today announced the recipients of more than $1 million in employee-directed grants to nonprofit organizations committed to social justice and racial equity. Grants will be distributed to 80 organizations across seven states where the company has electric and gas customers – North Carolina, South Carolina, Florida, Indiana, Ohio, Kentucky and Tennessee. On June 8, Duke Energy pledged $1 million to support social justice and racial equity. In a first for the company, Duke Energy and Piedmont Natural Gas employees helped identify which organizations in each state…

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Bank of America Taps Duke Energy to Expand Renewable Energy Commitment

Bank of America has announced it is partnering with Duke Energy to further expand its renewable energy commitment by powering its headquarters and other Charlotte operations with solar energy. Through a renewable energy sleeved-power purchase agreement (PPA), the company is participating in Duke Energy’s Green Source Advantage (GSA) program. The bank is the first company and financial institution to sign a 10-year agreement for electricity and Green-e® certified renewable energy certificates (RECs) through this program.   The purchase of a 25-megawatt (MWAC) solar project’s electricity output and RECs will cover 45%…

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Duke Energy Progress Extends Commitment to Diversity and Inclusion to Financial Sector

Duke Energy Progress, a subsidiary of Duke Energy, has successfully closed a $700 million debt offering with the help of seven diverse and minority-owned financial firms. This transaction, which involved African American-, disabled-veteran-, Hispanic- and women-owned brokerage firms as co-underwriters to sell the notes, marks the fourth significant transaction since 2016 by a Duke Energy franchise that engaged diversity-owned financial institutions as it raises low-cost capital for investments in cleaner, smarter energy infrastructure. Duke Energy Ohio, Duke Energy Florida and Piedmont Natural Gas have also completed similar transactions. “As we…

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Duke Energy Employees Choose $1 Million in Grants for Social Justice

Duke Energy and Piedmont Natural Gas asked its employees to choose the recipients of more than $1 million in grants to advance social justice and racial equity. The money will be split between 80 nonprofits in the seven states the companies serve. This is the first time that employees selected recipients – and the first time the Willa Carson Health and Wellness Center received a Duke Energy grant. Young, a Duke Energy billing supervisor at the Bayside Call Center, grew up in the North Greenwood neighborhood where the center is located.…

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