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Duke Energy Florida files for costs associated with emergency activation and response following devastating 2024 hurricane season
DUKDuke Energy(DUK) Prnewswire·2024-12-27 19:39

Core Insights - Duke Energy Florida filed a plan to recover approximately 1.1billionincostsrelatedtotheemergencyresponsetohurricanesDebby,Helene,andMilton,whichimpactedaround2millioncustomers[5]−Thecompanymobilizedover27,000workersandadditionalresourcestorestorepower,withafocusonminimizingtheimpactoncustomerbillswhileensuringreliablepowersupply[2][3]SummarybyCategoryHurricaneResponse−The2024hurricaneseasonsawDukeEnergyFloridarespondtothreemajorhurricanes,includingaCategory4andaCategory3,resultinginsignificantoutagesandmobilizationofresources[2]−Specificstatisticsinclude:−HurricaneDebby:350,000outages,3,000workersmobilized,320polesreplaced,901.1 billion in costs related to the emergency response to hurricanes Debby, Helene, and Milton, which impacted around 2 million customers [5] - The company mobilized over 27,000 workers and additional resources to restore power, with a focus on minimizing the impact on customer bills while ensuring reliable power supply [2][3] Summary by Category Hurricane Response - The 2024 hurricane season saw Duke Energy Florida respond to three major hurricanes, including a Category 4 and a Category 3, resulting in significant outages and mobilization of resources [2] - Specific statistics include: - Hurricane Debby: 350,000 outages, 3,000 workers mobilized, 320 poles replaced, 90% of outages restored within 24 hours [2] - Hurricane Helene: 800,000 outages, 8,600 workers mobilized, 925 poles replaced, nearly all outages restored within 72 hours [2] - Hurricane Milton: 1 million outages, 16,000 workers mobilized, 1,560 poles replaced, 95% of outages restored within four days [2] Financial Impact on Customers - Starting in March 2025, residential customers will see an increase of approximately 21 per 1,000 kilowatt-hours (kWh) due to storm recovery costs, although this is offset by a seasonal decrease of 10per1,000kWh[3][8]−Thetotalstormchargeisapproximately10 per 1,000 kWh [3][8] - The total storm charge is approximately 31 per 1,000 kWh, with costs remaining on bills until February 2026 [3][8] Company Overview - Duke Energy Florida operates with 12,300 megawatts of energy capacity, serving 2 million customers across a 13,000-square-mile area [9] - Duke Energy, a Fortune 150 company, serves 8.4 million customers across multiple states and is focused on a clean energy transition, aiming for net-zero carbon emissions by 2050 [10][11]