ONE Future Welcome Duke Energy
-Natural Gas Coalition membership reaches 31-
October 9, 2020 – Our Nation's Energy Future (ONE Future) announced today that Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., has joined the coalition; bringing the total number of member companies to 31.
“Duke Energy has a storied history of providing excellent service and reliability to its customers and the communities they work in,” said Richard Hyde, Executive Director, ONE Future. “Membership with ONE Future is a natural parlay to that reputation, and we look forward to welcoming them to the coalition.”
As a ONE Future member, Duke Energy will report its 2019 methane results as part of the Distribution sector within the coalition and Sasha Weintraub, Duke Energy's senior vice president, natural gas business, will hold a seat on ONE Future's Board of Directors.
“Recognizing our responsibility for meaningful action, we've committed to reduce methane emissions in our natural gas business to net zero by 2030, while continuing to provide affordable energy for our customers,” said Weintraub. “This paves the way for responsible growth of our natural gas distribution systems and furthers our journey toward a cleaner energy future.”
Duke Energy is one of the largest electric power holding companies in the United States, providing electricity to 7.7 million retail customers in six states. The company owns and operates local gas distribution companies in five states under two separate brands – Piedmont Natural Gas in the Southeast and Duke Energy in the Midwest.
The 2018 Methane Intensity Report was released in the Fall of 2019, the coalition registered a 2018 methane intensity number of 0.326%, a decrease of 41% from 2017 demonstrating that the natural gas industry can minimize methane emissions and increase production and throughput while supplying much needed energy to the U.S. and around the globe for years to come.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 29,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities and 2,300 megawatts through its nonregulated Duke Energy Renewables unit.
Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit's regulated utilities serve 7.8 million retail electric customers in six states: North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to 1.6 million customers in five states: North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.
Duke Energy was named to Fortune's 2020 “World's Most Admired Companies” list and Forbes' “America's Best Employers” list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.
About ONE Future
ONE Future was formed when eight companies came together in 2014 with a focus to collectively achieve a science-based average rate of methane emissions across our facilities equivalent to one percent (or less) of total natural gas production. Since our formation, we have grown to 31 companies accounting for the some of the largest natural gas producers, transmission and distribution companies in the U.S. ONE Future members operate in 11 out of the 19 production basins and other segments of the value chain operate in multiple regions of the country, hence ONE Future's data represent a geographically diverse and material share of the U.S. natural gas supply chain. Its members include Antero Resources, Apache, Ascent Resources, Atmos Energy, Berkshire Hathaway Pipeline Group, BHP, Boardwalk Pipeline Partners, LP, Caerus Oil & Gas, Dominion Energy, Duke Energy, EagleClaw Midstream, Enbridge, Encino, Equinor, EQT, Equitrans Midstream, Hess, Kinder Morgan, National Grid, New Jersey Natural Gas, Noble Energy, NW Natural, ONE Gas, ONEOK, Southern Company Gas, Southern Star, Southwestern Energy, Summit Utilities, TC Energy, Williams and Xcel Energy. For more information visit www.onefuture.us.
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