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Porters 5 Force

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As the largest electric power company in the United States, Duke Energy is at the forefront of new beginnings. We're investing in more efficient power plants, renewable energy, smart grid technologies, and innovative energy efficiency programs and services. But while Duke Energy is a company that knows where it is going, we're also one that never forgets the people and the events that got us where we are today.

The Beginning: Growing the South's Economy

Duke Energy's history began with the Catawba Power Company in the early 1900s. Three visionaries, Dr. W. Gill Wylie, James Buchanan Duke and William States Lee, founded the company to spur economic revival of the Carolina countryside. They felt the South's heavy dependence on agriculture was prohibiting growth of other industries. By developing an integrated electric system of hydro-powered generating stations, they envisioned linking customers by transmission lines – and creating new opportunities for economic growth.

They took the first big step toward this goal in 1904 when the first power plant, Catawba Hydro Station in South Carolina, began providing electricity to Victoria Cotton Mills in Rock Hill, S.C. Over the next several years, the company's hydroelectric fleet continued to grow to serve not only commercial textile mills, but the region's growing appetite for the conveniences that electricity could provide.

The company's leaders also felt strongly about giving back to the communities they served. Their strong philanthropic commitment advanced the region's quality of life by funding health care and education in the Carolinas. It's a tradition that lives on today. The Duke Energy Foundation supports education, health and human services, leadership development and volunteerism in the communities where Duke Energy operates.

Economic Boom Times

The economic boom after World War II brought

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