Duke Energy Corporation (NYSE: DUK ) is one of the 12 Best Natural Gas Stocks to Buy According to Analysts .
Duke Energy Corporation (NYSE:DUK) has announced plans to file an application with the Public Service Commission of South Carolina (PSCSC) for permission to build a new natural gas-powered plant in Anderson County. They aim to start construction in 2027 and have the 1.4 gigawatt facility up and running by 2031.
An overhead shot of a nighttime-lit power station adjacent to a lake, highlighting the firm's extensive electrical production capacity.
GE Vernovo has been selected to supply gas turbines and associated equipment for the Anderson facility. This decision follows their recent agreement with Duke Energy Corporation (NYSE:DUK), under which they have committed to providing as many as 11 gas turbines along with relevant components for upcoming energy projects of Duke. This collaboration aims to assist Duke in addressing the projected peak rise in electricity needs driven by developments in manufacturing, expansion of data centers, and increased population.
This progress aligns with Duke Energy Corporation’s (NYSE:DUK) Carolinas Resource Plan, where the utility company pinpointed a requirement for 6.8 GW of new combined-cycle natural-gas generation along with approximately 2.125 GW of combustion-turbine natural-gas capacity within their suggested resource mix.
Duke Energy Corporation (NYSE:DUK) operates in the distribution of natural gas and related service provision. This firm supplies electricity through its utility operations which cater to approximately 8.4 million customers spanning six states, whereas their natural gas utilities deliver gas to around 1.7 million consumers across five states within the U.S.
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