Duke Energy Renewables

Duke Energy executives say the company is now in a "new era" after it sold off its two unregulated commercial renewable energy businesses last month. Officials say that leaves Charlotte-based Duke as a fully regulated company poised to grow revenues and profits.

Duke Energy has reached a deal to sell its unregulated commercial wind and solar business for $2.8 billion. And it says it's making progress on the sale of another division that provides rooftop solar to businesses.

Duke Energy's profits fell 6% during the first quarter compared with a year ago as warm winter weather reduced energy usage.

Duke Energy reported a $531 million loss for the fourth quarter as it wrote down the value of its commercial renewable energy business that's up for sale. The Charlotte-based company also announced plans to cut $300 million in expenses this year, including through layoffs mainly in Charlotte.

Duke Energy says it will go ahead with the sale of its commercial renewable energy business, after studying the idea since August. The Charlotte-based company thinks the spinoff will make its remaining regulated businesses more attractive to investors.

Duke Energy says it's considering the sale of its commercial renewable energy business, to focus future investments on its consumer utilities. The Charlotte-based company announced a "strategic review" of the business as part of its quarterly profit report this morning.

Duke Energy is helping the city of Austin, Texas, meet its carbon-reduction goals by selling power from a solar farm that began commercial operation this week. It's one of two projects now up and running that bring Duke's total renewable energy output above 10,000 megawatts.

Duke Energy's commercial renewable energy division is building a 500-acre solar farm in Cleveland County and when it begins generating electricity later this year, the customer will be another part of Duke, itself.

Duke Energy is starting a new business to lease solar power facilities to small and medium-sized companies in the Carolinas. Duke Energy Clean Energy…

Duke Energy's commercial renewable energy division is expanding into New York State by buying one of that state's largest solar energy farms. Duke…