Duke Energy, founded in 1904 as the Catawba Power Company in North Carolina, has evolved into one of the largest electric power holding companies in the United States. Over the years, Duke Energy has played a crucial role in the generation, transmission, and distribution of electric power, as well as natural gas distribution.
The company's history involves a series of mergers and acquisitions, including the merger with PanEnergy in 1997, which led to the formation of Duke Energy. Duke Energy has been at the forefront of adopting cleaner and more sustainable energy practices, incorporating a mix of conventional and renewable energy sources into its portfolio.