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Duke Energy, the largest electric power holding company in the U.S., has a market cap of approximately $71 billion and total assets of more than $177 billion. After the sale of its renewables business, it has become a fully regulated utility company. It serves approximately 8.2 million electric customers in six states in the Southeast and Midwest and 1.6 million natural gas customers. Duke also has the largest regulated nuclear fleet in the U.S., with six nuclear generators in North and South Carolina. Regulated electric accounted for about 92% of total 2023 revenue. Consolidated generating capacity is about 50,000 megawatts. Duke is focusing expansion on its regulated service territories. It plans to own or purchase 16,000 megawatts of renewable energy capacity by 2025 and to eliminate coal usage by 2050. The company's 2022 fuel mix was 31% coal, 42% natural gas, 18% nuclear, and 9% renewables. DUK shares are a component of the S&P 500.

U.S. stocks were lower on Friday morning following higher-than-expected inflation numbers, which lowers expectations for a rate cut in the near term. The Producer Price Index (PPI) rose 0.3%. Core PPI rose 0.6%, the largest increase since January 2023, with both readings well ahead of their expected 0.1% increase. The latest readings bring annual PPI to 0.9% and core PPI to 2.6%. On the earnings front, Coinbase Global (COIN) shares rose 15% after it reported a profit. The S&P 500 was nearly flat, up 0.01%, the Dow was down less than 0.1% and the Nasdaq fell 0.2%. Crude oil traded above $78 per barrel and gold was up 0.3% to $2021 per ounce.

PPL is a holding company of regulated utilities in Pennsylvania, Kentucky, and Rhode Island. The Pennsylvania regulated delivery and transmission segment distributes electricity to customers in central and eastern Pennsylvania. LG&E and KU are involved in regulated electricity generation, transmission, and distribution in Kentucky. The Kentucky utilities also serve gas customers. Rhode Island Energy operates electric and gas utilities in Rhode Island.

Alliant Energy is the parent of two regulated utilities, Interstate Power and Light and Wisconsin Power and Light, serving nearly 985,000 electric customers and 425,000 natural gas-only customers. Both subsidiaries engage in the generation and distribution of electricity and the distribution and transportation of natural gas. Alliant also owns a 16% interest in American Transmission Co.