PR Newswire
PLAINFIELD, Ind., July 10, 2019
PLAINFIELD, Ind., July 10, 2019 /PRNewswire/ -- Duke Energy has awarded grants totaling $103,397 to six Indiana organizations to promote workforce development and science, technology, engineering and math (STEM) education opportunities.
"The energy industry is changing rapidly and we need highly skilled and trained workers to tackle these new challenges head-on," said Stan Pinegar, Duke Energy state president for Indiana. "We have an obligation to help train and educate these workers to meet our customers' expectations in the months and years ahead."
Recent studies from the U.S. Department of Energy and U.S. Department of Labor show that 25 to 50 percent of utility employees will retire within the next five to 10 years. Among Duke Energy's nearly 30,000 employees nationwide, 42 percent will be eligible to retire in five years and 54 percent will be eligible to retire in 10 years. "Eligible to retire" is defined as 55 years of age or older with at least five years of service.
Here are details about the six workforce development grants:
Duke Energy Indiana
Duke Energy Indiana, a subsidiary of Duke Energy, provides about 6,600 megawatts of owned electric capacity to approximately 840,000 customers in a 23,000-square-mile service area, making it Indiana's largest electric supplier.
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 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 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 approximately 7.7 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 more than 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 2019 "World's Most Admired Companies" list, and Forbes' 2019 "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.
Contact: Lew Middleton
Office: 317.838.1505 | 24-Hour: 800.559.3853
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SOURCE Duke Energy
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