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Following historic power restoration effort in mountain region, Duke Energy announces more than $2.2 million committed to date for disaster relief, rebuilding and readiness in North Carolina
DUKDuke Energy(DUK) Prnewswire·2024-11-25 15:05

Core Insights - Duke Energy has provided over 2.2millioninaidfordisasterrelief,rebuilding,andreadinesseffortsinNorthCarolinafollowingHurricaneHelene[1][2][7]−Thecompanyiscommittedtosupportinglocalcommunitiesthroughpartnershipswithnonprofitorganizationsandemergencymanagementagencies[2][6]FundingandSupport−Morethan2.2 million in aid for disaster relief, rebuilding, and readiness efforts in North Carolina following Hurricane Helene [1][2][7] - The company is committed to supporting local communities through partnerships with nonprofit organizations and emergency management agencies [2][6] Funding and Support - More than 1 million in grants from the Duke Energy Foundation have been allocated for immediate relief and long-term recovery in western North Carolina [2] - An additional 500,000ofpreviousgrantshasbeenrepurposedforcommunityreliefandrecoveryefforts[3]−Over500,000 of previous grants has been repurposed for community relief and recovery efforts [3] - Over 200,000 has been dedicated to economic development organizations for the repair and improvement of industrial sites and infrastructure [4] - New grants totaling 500,000willsupportdisasterreadinessincentralandeasternNorthCarolina[4]CommunityImpact−WNCCommunitieshasprovidedimmediaterelieftofarmersaffectedbythestorm,demonstratingtheimpactofDukeEnergy′ssupport[5][6]−MANNAFoodBankhasplayedacrucialroleindistributingfoodandsuppliestoimpactedcommunities,highlightingtheimportanceofDukeEnergy′sassistanceintheirreliefefforts[6][7]RestorationEfforts−HurricaneHelenecausedover1.4millionoutages,necessitatingahistoricpowerrestorationeffortbyDukeEnergy[10]−Thecompanyutilizedstrategicresourcestaging,helicopteranddroneoperations,andmobilesubstationdeploymentstorestorepowerefficiently[11][12]PhilanthropicCommitment−TheDukeEnergyFoundationprovidesover500,000 will support disaster readiness in central and eastern North Carolina [4] Community Impact - WNC Communities has provided immediate relief to farmers affected by the storm, demonstrating the impact of Duke Energy's support [5][6] - MANNA FoodBank has played a crucial role in distributing food and supplies to impacted communities, highlighting the importance of Duke Energy's assistance in their relief efforts [6][7] Restoration Efforts - Hurricane Helene caused over 1.4 million outages, necessitating a historic power restoration effort by Duke Energy [10] - The company utilized strategic resource staging, helicopter and drone operations, and mobile substation deployments to restore power efficiently [11][12] Philanthropic Commitment - The Duke Energy Foundation provides over 30 million annually in philanthropic support to meet community needs [13] - Since 2020, the Foundation has awarded over $3.2 million in disaster preparedness and response grants in North Carolina [7] Company Overview - Duke Energy is a Fortune 150 company serving 8.4 million customers across multiple states and owns 54,800 megawatts of energy capacity [14] - The company is focused on a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050 [15]