Duke Energy Corporation Research Paper Example | Topics and Well Written Essays - 2000 words

Duke pushing Corporation - Research Paper ExampleWylie who was keen on extending his investment to acknowledge the general construction of some additional hydroelectric power plants approached and convinced James Buchanan Duke to buy a stake in the newly founded Southern authority Company that had been founded in 1905. Duke formed the Wateree Power in 1917 that helped serve as a holding follow for a number of different utilities that were owned or had been founded by Duke, his associates and his family. The name of this fraternity was eventually changed to Duke Power in 1924 and later on in the year 1927, most of the subsidiaries that were previously under the holding company were eventually merged into Duke Power (Scoggins and York County Regional Chamber of Commerce 78). The Growth of Duke zippo Currently, Duke Energy is seen to be operating in various regions across the united States principally through a number of some of its indirect and direct wholly owned subsidiaries. These are seen to include, Duke Energy Carolinas, Duke Energy Indiana, Inc., Florida Power corporation d/b/a Progress Energy Florida, Inc., Duke Energy Ohio, Inc. (Duke Energy Ohio). The company is also seen to have operations in Latin America via its Duke Energy International, LLC (DEI). all over the years, the companys segments have grown to include Commercial Power and international Energy and Franchised Electric and Gas (USFE&G). Duke energy has been able to make a number of recent acquisitions such as the July 2012 merger with the Progressive Energy Inc. and as well as its acquisition of the Chilean Campanario Power plant. One of the companys subsidiaries was able to acquire Iberoamericana de Energia Ibener S.A. (Ibener) which was essentially operating as a subsidiary of the CGE Group. A more recent acquisition of Duke Energy is its June 2013 undisclosed nonage stake acquisition of Clean Power Finance Inc. Duke Energy is seen to have a relatively large number of various invest ments that are generally seen to be categorized as other investments. These investments include its wholly owned, Captive Insurance subsidiary, its Bison insurance Company Limited (Bison), a 50% Interest in DukeNet Communications, contributions to the Duke Energy Foundation, a 60% interest in the Duke Energy Trading and marketing, LLC (DukeNet) and a variety of other related telecommunications businesses (Reuters. Nd). Duke Energys U.S Franchised Electric and Gas share (U.S.FE&G) This segment of Duke Energy is found to be responsible for the generation, distribution, transmission and eventual sale of electricity in the regions covering northern South Carolina, North Carolina, westerly central Florida, northern Kentucky and southern, central and north Indiana. USFE&G is also seen to be involved in the transportation and sale of natural gas in the areas most northern Kentucky and southwestern Ohio. In order to effectively conduct its operations USFE&G is seen to primarily operate t hrough Progress Energy Carolinas, Duke Energy Ohio, duke Energy Carolinas, Progress Energy Florida and Duke Energy Indiana. Of note however is that Duke Energy Indiana and Duke Energy Ohio that engage in distribution and transmission operations are jointly referred to as Duke Energy Midwest. The service area covered by USFE&G is found to cover an approximated area of about 10, 000 square miles. USFE&G is seen to be