Duke Energy Indiana

What Duke Energy Indiana does

Duke Energy Indiana is a wholly-owned operating subsidiary of Duke Energy Corporation (NYSE: DUK), one of the largest regulated electric and natural gas utility holding companies in the United States. Headquartered in Plainfield, Indiana, the subsidiary provides regulated electric utility service within Indiana's exclusive franchise territory as part of Duke Energy's broader six-state footprint (North Carolina, South Carolina, Florida, Indiana, Ohio, Kentucky). The parent company serves 8.7 million electric customers and 1.6 million natural gas customers through vertically integrated generation, transmission, and distribution infrastructure, with the Midwest segment encompassing approximately 1 million customers across Indiana, Ohio, and Kentucky combined.

Duke Energy's core technology stack includes a nuclear fleet that achieved a record 97% capacity factor in 2025 delivering carbon-free electricity to over eight million homes, self-healing grid technology that automatically detects outages and reroutes power, grid hardening with undergrounding in outage-prone areas, the DeBary hydrogen production and storage demonstration project, and gas turbine modernization through a partnership with Siemens Energy spanning seven power plants and 22 turbines. Generation additions target approximately 14 GW of new capacity by 2031 across natural gas, solar, battery storage, and nuclear expansion, with the Cayuga Energy Complex under construction in Indiana.

Revenue is generated primarily through regulated rate structures approved by state utility commissions, allowing recovery of capital investments plus authorized returns on equity. The company has shifted from defensive utility positioning to growth-oriented execution, with 7.6 GW of contracted hyperscale data center demand under Electric Service Agreements and 15 GW in late-stage pipeline. Duke Energy filed for rate increases including an 18% rate hike for North Carolina residential customers and is implementing large load tariffs for 100+ MW data center customers with 15-year minimum contract terms. Additional revenue streams include natural gas distribution through Piedmont Natural Gas, a PowerShare Storage demand response program launching in South Carolina August 2026, and tax credit monetization agreements worth up to $3.1 billion through 2028. The parent's FY 2025 revenue was $32.24 billion, with nearly $5 billion in profits and 100 consecutive years of quarterly dividend payments.

Name

Duke Energy Indiana

Legal name

Duke Energy Corporation

Website

https://duke-energy.com

Company type

Public

Founded year

1900

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Duke Energy Indiana is a wholly-owned subsidiary of Duke Energy Corporation, providing regulated electric utility service across Indiana as part of a six-state footprint serving 8.7 million electric customers. It operates vertically integrated generation, transmission, and distribution infrastructure anchored by a nuclear fleet and self-healing grid technology.

Ownership category

akta.pro rank

Product category

Regulated Electric and Natural Gas Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Natural Gas Distribution (221210), Nuclear Electric Power Generation (221113), Fossil Fuel Electric Power Generation (221112)

SIC

Electric Services (4911), Natural Gas Transmisison & Distribution (4923), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Regulated Residential & SMB Retail Supply (Default/Standard Offer) (EUAGABAA)

akta.pro secondary industries

Regulated Natural Gas Utility (LDC) Customer Acquisition & Switching (EUAAADAA), Pulverized Coal (PC) Power Plants (EUACAAAA), Green Tariffs & Utility Renewable Supply Programs (EUAGADAJ)

Keywords

• Regulated electric utility
• Natural gas distribution
• Electric power generation
• Transmission and distribution
• Utility customer service

Headquarters

HQ city

Plainfield

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D

Revenue model

1. Regulated Electric Utility Revenue: Duke Energy generates the majority of revenue through regulated electricity sales to 8.7 million customers across six states. Revenue is based on approved rate structures that allow recovery of capital investments plus authorized returns on equity. The company filed for rate increases including an 18% rate hike for North Carolina households and 15-18% increase request in other jurisdictions.
2. Regulated Natural Gas Revenue: Duke Energy serves 1.6 million natural gas customers through Piedmont Natural Gas and other subsidiaries. Revenue from natural gas distribution is subject to regulatory approval of rate structures.
3. Data Center Power Agreements: 7.6 GW of contracted data center demand under Electric Service Agreements with hyperscale operators. Revenue from these large industrial customers represents growing portion of earnings base, with additional 15 GW in late-stage development pipeline.
4. PowerShare Storage Program: Nonresidential demand response program allowing customers with qualifying energy storage systems to earn bill credits while supporting grid reliability. Incentives include $120/kW one-time connectivity credit, $30/kW renewable bonus, $3.50/kW monthly capacity credit, and $0.10/kWh curtailment credits.
5. Tax Credit Monetization: Multi-year agreement to sell up to $3.1 billion in clean energy tax credits generated between 2025 and 2028 from nuclear and solar operations, with value returned to customers through lower rates.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Duke Energy Indiana is a regulated, vertically integrated electric utility that generates, transmits, and distributes electricity to retail customers across its certificated Indiana service territory, and also distributes natural gas to customers within portions of that territory. Service is provided under tariffs approved by the Indiana Utility Regulatory Commission, and revenue is earned through authorized rates applied to metered electricity and gas deliveries.

Product overview

Duke Energy Indiana operates as part of Duke Energy Corporation, one of America's largest energy holding companies serving 8.7 million electric customers and 1.6 million natural gas customers. The company offers a vertically integrated utility model covering generation, transmission, and distribution of electricity, along with natural gas services through Piedmont Natural Gas. Key products include renewable solar generation (Jumper Creek Solar Complex, planned 900 MW Florida solar program), grid reliability technologies (self-healing technology, outage alert systems), large load tariff programs for data centers (7.6 GW contracted), PowerShare Storage demand response programs, and income-qualified assistance programs. The company is executing a $103 billion five-year capital plan (2026-2030) to add approximately 14 GW of new generation capacity to meet unprecedented demand growth driven by AI data centers and advanced manufacturing.

Differentiator

Problem solved

Functional benefit

Brands

• Duke Energy Carolinas: Electric utility subsidiary serving North Carolina customers
• Duke Energy Progress
• Duke Energy Florida
• Duke Energy Indiana
• Piedmont Natural Gas

Products and services

• Residential Electric Service Regulated electricity supply and delivery to residential customers within the Duke Energy Indiana electric service territory, billed under standard residential rates and riders.
• Commercial and Industrial Electric Service Regulated electricity supply and delivery to commercial, industrial, and institutional customers served by Duke Energy Indiana, provided under applicable commercial, industrial, and large-customer tariffs.
• Natural Gas Distribution Service Regulated natural gas distribution to residential, commercial, and industrial customers in portions of the Duke Energy Indiana service territory, billed under applicable gas rate schedules.
• Street and Area Lighting Service Regulated outdoor lighting service for municipalities, counties, and other public customers within the service territory, billed under applicable lighting tariffs.

Quantifiable outcome

• 7.6 GW contracted data center demand with 15 GW in late-stage pipeline, representing over 85% of load growth from new economic development
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Meta PlatformscoreStrategic or Co-development Partner · 19 June 2026Duke Energy CEO Harry Sideris proposed that Meta and other tech hyperscalers help finance new nuclear power plant construction to meet surging AI data center electricity demand. Discussions represent potential cost-sharing model for nuclear development where tech companies take on financial risk in exchange for reliable power supply.
• Optimus Energy SolutionsminorChannel Partner/ Reseller/ Distributor · 17 June 2026Optimus Energy Solutions acquired Duke Energy's South Carolina EV charging network comprising 52 DC fast chargers at 26 locations. Duke Energy originally developed the infrastructure through a pilot program, with stations migrated to ChargePoint network under private ownership to operate long-term as EV adoption grows.
• Siemens EnergycoreTechnology or Integration · 12 June 2026Comprehensive gas turbine modernization program spanning seven power plants and 22 gas turbines across Florida and the Carolinas. Includes F(X) ATEP, F6 Partial, and FD3+ upgrades delivering up to 60 MW incremental capacity at HF Lee Power Station while improving efficiency and grid reliability to support Southeast's rapid population growth, advanced manufacturing, and data center development demands.
• USA Rare EarthcoreStrategic or Co-development Partner · 3 June 2026Duke Energy's Site Readiness Program helped prepare the Bailey Industrial Site in Cherokee County, South Carolina for USA Rare Earth's $1.2 billion magnet manufacturing facility. The project will create 490 high-skill jobs and represents one of Cherokee County's largest economic wins, with Duke Energy's program contributing to $3.5 billion in capital investments and 5,200+ new jobs since 2005.
• Siemens FoundationcoreStrategic or Co-development Partner · 3 June 2026Careers Electric coalition led by Siemens Foundation with $9.25 million backbone investment aiming to train 25,000 workers over 10 years. Founding partners include ABB, Amazon Web Services, Duke Energy, JetZero, Hitachi Energy, NC Electric Cooperatives, and Siemens to address projected 10% growth in electrical career demand and aging workforce issues.
• ABBcoreStrategic or Co-development Partner · 3 June 2026Co-Chair of Careers Electric coalition alongside Siemens Foundation, committing $1 million over two years to support workforce training initiative targeting electrical trades careers across the United States.
• Amazon Web ServicescoreStrategic or Co-development Partner · 3 June 2026Founding partner in Careers Electric coalition to develop skilled electrical workforce, with initial focus on North Carolina targeting 200-250 high school students and ten community colleges in 2026.
• Hitachi EnergycoreStrategic or Co-development Partner · 3 June 2026Founding partner in Careers Electric coalition to address projected electrical workforce shortages and support infrastructure buildout for AI data center power demand.
• Zachry GroupminorStrategic or Co-development Partner · 3 June 2026Partner in Careers Electric coalition and Duke Energy workforce development initiatives, contributing to electrical trades training programs near Duke Energy construction sites.
• WhiteFiberminorChannel Partner/ Reseller/ Distributor · 14 May 2026Duke Energy completed utility power delivery for WhiteFiber's NC-1 data center in North Carolina. The AI infrastructure provider operates colocation facilities with Duke Energy providing contracted electricity service.

Scale indicators19 records

Recent moves6 records

Expansion highlights6 records

Market position

Strengths4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/DukeEnergy
• YouTubeyoutube.com/user/DukeEnergyMediaCtr
• Facebookfacebook.com/DukeEnergy
• LinkedInlinkedin.com/company/duke-energy-corporation
• Instagraminstagram.com/Duke_Energy
• TikToktiktok.com/@duke_energy

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Duke Energy Indiana