Duke Energy Foundation donates $350,000 to community organizations assisting in Hurricane Milton relief

Core Points - Duke Energy Foundation announced an additional $350,000 in funding to Florida nonprofits for recovery efforts following Hurricane Milton, bringing total disaster preparedness and relief contributions in Florida to$910,000 for the year [1][4][3] - The funding supports various initiatives including food security, essential item replacement, and financial aid for college students affected by the hurricane [3][4] - Duke Energy Florida serves a large customer base, providing electricity to 2 million customers across a 13,000-square-mile area [6][7] Funding Details - The Duke Energy Foundation has provided $50,000 to the American Red Cross prior to Hurricane Milton to ensure rapid distribution of supplies [2] - An additional$300,000 has been allocated to 22 local organizations across the Gulf Coast and Central Florida [3] - The organizations supported include educational institutions and community action agencies, which are crucial for local recovery efforts [4] Company Overview - Duke Energy is a major energy holding company, serving 8.4 million customers across multiple states and owning 54,800 megawatts of energy capacity [7] - The company is committed to a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050 [8] - The Duke Energy Foundation contributes over $30 million annually to support community needs where Duke Energy customers live and work [5]