Over the last year, Duke Energy has supported more than 11,000 North Carolina households with more than $4.6 million in energy bill assistance CHARLOTTE, N.C., Aug. 13, 2024 /PRNewswire/ -- To help lower energy costs for low-income families this summer, Duke Energy is making more than $4.6 million in financial aid available to eligible customers through the company's Share the Light Fund®. "As temperatures climb throughout the summer, these funds will help reduce energy expenses for those who need it most," ...

Debby's rain and wind caused more than 520,000 power outages for Duke Energy customers in the Carolinas Fewer than 10,000 customers remain without power as of noon and should be restored by tonight Duke Energy thanks customers for their patience and communities for their support CHARLOTTE, N.C., Aug. 9, 2024 /PRNewswire/ -- Duke Energy restored power to more than 95% of Carolinas customers affected by Tropical Storm Debby within 24 hours of it arriving in the Carolinas. In total, the company has restored mo ...

CHARLOTTE, N.C., Aug. 9, 2024 /PRNewswire/ -- As Tropical Storm Debby moves beyond the Carolinas, Piedmont Natural Gas is closely monitoring for damages caused by heavy rains and flooding. Piedmont crews will canvass flood-impacted areas to inspect natural gas meters for signs of submersion as conditions become safe and floodwaters recede. "Piedmont is taking the necessary steps to make sure our customers can safely operate their natural gas equipment and appliances in the aftermath of Debby," said Adam Lon ...

7,500 lineworkers, vegetation workers and support personnel strategically positioned Power restored to about 190,000 customers as of noon today CHARLOTTE, N.C., Aug. 8, 2024 /PRNewswire/ -- Tropical Storm Debby continues to impact the Carolinas, and Duke Energy's 7,500 lineworkers, vegetation workers and other support personnel are either restoring power or strategically positioned to move once conditions are safe to do so. As of noon today, nearly 300,000 Duke Energy customers in the Carolinas have experie ...

Duke Energy Today | --- | --- | |----------------------|-------| | | | | Duke Energy | | | $113.80 | | | +0.29 (+0.26%) | | | 52-Week Range $83.06 | | | ▼ | | | $116.67 | | | Dividend Yield 3.67% | | | P/E Ratio 28.59 | | | Price Target $106.75 | | Add to Watchlist Duke Energy NYSE: DUK is in the utilities sector and is the third-largest electric utility company in the United States and Canada by market capitalization. The firm has outperformed its sector and the market in 2024, with a total return of 19%. ...

OliverChilds Duke Energy (NYSE:DUK) reported a solid set of Q2 results. EPS topped estimates and its management team reaffirmed guidance. I have a hold rating on the stock, though. It's a fundamentally sound company in my view, but shares are merely near fair value while its technical situation is encouraging, with the stock testing threeyear highs. The Utilities sector has been in favor over the past month as investors have rotated out of tech and high-growth stocks. Some might call it late-cycle behavior ...

Advanced automated technology, year-round grid strengthening work accelerates rapid response during powerful storm Company has restored more than 330,000 customers since Sunday morning, with approximately 5,000 customers remaining as of 3:15 p.m. ST. PETERSBURG, Fla., Aug. 7, 2024 /PRNewswire/ -- Duke Energy rapidly restored power for more than 90% of its customers within 24 hours after Hurricane Debby made landfall in Florida's Big Bend. The company credits the rapid response to its year-round storm prepar ...

Core Insights - Duke Energy is mobilizing 7,500 workers, including 300 from the Midwest, to support storm restoration efforts as Tropical Storm Debby approaches the Carolinas [1][2] - The Duke Energy Foundation has donated $50,000 to the American Red Cross for disaster response and relief efforts, contributing over $2.8 million in the past five years [2][3] Company Operations - Duke Energy is strategically staging crews across the Carolinas to ensure a prompt response once conditions are safe [2] - The company serves 8.4 million customers across multiple states and has a total energy capacity of 54,800 megawatts [11] Safety and Preparedness - Customers are encouraged to prepare for potential power outages by creating emergency supply kits and having a plan in place [5][6] - Duke Energy provides safety guidelines for electrical hazards during floods, emphasizing the importance of turning off power and avoiding downed lines [7][8] Clean Energy Transition - Duke Energy is committed to a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050 [12] - The company is investing in electric grid upgrades and cleaner energy sources, including renewables and energy storage [12]

ST. PETERSBURG, Fla., Aug. 6, 2024 /PRNewswire/ -- Duke Energy Florida rapidly restored power for 90% of its customers within 24 hours after Hurricane Debby made landfall in the Big Bend. Crews continue to work tirelessly to restore power in areas hardest hit, and the company will not stop until every customer has power. Duke Energy Florida anticipates restoring 95% of customers in Citrus, Hernando, Lake, Levy, Marion and Sumter counties by 11:59 p.m. Tuesday evening, though many customers will be restored ...

Grant will help fund 40-mile transmission line rebuild in Wake, Johnston and Wayne counties to improve reliability for an estimated 14,000 customers RALEIGH, N.C., Aug. 6, 2024 /PRNewswire/ -- U.S. Secretary of Energy Jennifer Granholm today announced the U.S. Department of Energy (DOE)'s Grid Deployment Office has selected the North Carolina Innovative Transmission Rebuild project to receive $57 million in cost-share funding to enhance the power grid's ability to deliver affordable, resilient energy. The p ...