Duke Energy Foundation awards $100,000 to the American Red Cross ahead of Winter Storm Fern

Duke Energy (NYSE: DUK) announced that the Duke Energy Foundation is awarding a $100,000 rapid response grant to the American Red Cross ahead of Winter Storm Fern on Jan. 24, 2026.

Rhea-AI Summary

Duke Energy (NYSE: DUK) announced that the Duke Energy Foundation is awarding a $100,000 rapid response grant to the American Red Cross ahead of Winter Storm Fern on Jan. 24, 2026. Funds will be distributed across North Carolina and South Carolina to support warming shelters, emergency supplies, blankets and community-run shelter operations as severe weather and sustained cold are expected.

The Foundation provides more than $30 million annually in philanthropic support and is funded by Duke Energy shareholders. Duke Energy serves 8.6 million electric customers and 1.7 million natural gas customers.

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Market Context

This announcement highlights Duke Energy Foundation’s $100,000 rapid response grant to the American ...

Analysis

This announcement highlights Duke Energy Foundation’s $100,000 rapid response grant to the American Red Cross ahead of Winter Storm Fern, supporting shelters and emergency supplies across the Carolinas. It fits a recent pattern of customer- and community-focused updates, including energy-saving programs and storm cost relief. Investors monitoring this theme may watch for additional storm-related operational updates, regulatory developments, and how the company deploys its existing PremierNotes shelf capacity over time.

Key Figures

Red Cross grant: $100,000 Annual philanthropy: $30 million Electric customers: 8.6 million +3 more

Red Cross grant

$100,000

Rapid response grant for Winter Storm Fern preparation in the Carolinas

Annual philanthropy

$30 million

Duke Energy Foundation annual philanthropic support

Electric customers

8.6 million

Electric utilities customers across six U.S. states

Gas customers

1.7 million

Natural gas utilities customers across five U.S. states

Energy capacity

55,100 megawatts

Owned energy capacity of Duke Energy’s electric utilities

Foundation grant date

January 24, 2026

Announcement date for $100,000 American Red Cross grant

Historical Context

4 past events · Latest: Jan 22

4 events

1. Jan 22

   Storm preparation update

   24h Move

   -1.4%

   Company urged Carolinas customers to prepare for Winter Storm Fern outages.

2. Jan 16

   Customer tips release

   24h Move

   +0.3%

   Piedmont Natural Gas shared cost-saving tips and assistance resources for cold weather.

3. Jan 16

   Energy-saving programs

   24h Move

   +0.3%

   Duke Energy promoted incentives and programs to cut winter energy bills.

4. Jan 14

   Storm charge removal

   24h Move

   +0.2%

   Duke Energy Florida removed a storm cost recovery charge from bills a month early.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

megawatts

1 terms

megawatts technical

"and collectively own 55,100 megawatts of energy capacity."

A megawatt is a measure of electrical power equal to one million watts, describing how much electricity a plant or device can generate or use at a single moment. Investors use megawatts to compare the size and earning potential of energy projects—larger capacity usually means more electricity to sell—much like comparing the horsepower of engines to judge how much work they can do. Knowing megawatts helps assess scale, revenue potential, and grid impact of energy assets.

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• Foundation investments will help meet community needs ahead of inclement weather expected across the Carolinas
• Download the Duke Energy and American Red Cross Emergency apps to get real‑time alerts, outage updates and safety information

CHARLOTTE, N.C., Jan. 24, 2026 /PRNewswire/ -- As Winter Storm Fern is forecast to bring severe winter weather across parts of Duke Energy's service territory, the Duke Energy Foundation is awarding $100,000 in a rapid response grant to the American Red Cross to help Carolinas communities prepare for and withstand storm impacts and sustained cold temperatures this weekend and into early next week.

"Duke Energy's storm response goes beyond restoring power," said Loree Elswick, Duke Energy Foundation president. "While our crews prepare to respond safely and quickly to winter weather impacts, the Foundation is working in parallel to help ensure customers and communities have access to safe, warm places and essential resources."

Funding will be distributed across North Carolina and South Carolina to help strengthen local efforts to address cold-weather needs, including warming shelters, emergency supplies, blankets and support for community-run shelters.

"Severe winter weather can put added strain on families and individuals, particularly those already facing financial hardship," said Alison Taylor, regional executive for the American Red Cross. "Support from the Duke Energy Foundation helps us work hand in hand with local partners to open shelters, provide critical supplies and ensure communities have the resources they need to stay safe and warm."

Duke Energy continues to monitor weather impacts and will adjust operational and community storm efforts as needed.

Duke Energy Foundation
The Duke Energy Foundation provides more than $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation is funded by Duke Energy shareholders.   

Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.  

Contact: Gina DiPietro
24-Hour: 800.559.3853
Date: January 24, 2026

View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-foundation-awards-100-000-to-the-american-red-cross-ahead-of-winter-storm-fern-302669431.html

SOURCE Duke Energy

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Duke Energy (DUK) announce about support for Winter Storm Fern on January 24, 2026?

Duke Energy Foundation awarded a $100,000 rapid response grant to the American Red Cross to support warming shelters and emergency supplies in the Carolinas.

How will the $100,000 Duke Energy Foundation grant be used in North Carolina and South Carolina?

Funds will be distributed to strengthen local efforts for warming shelters, emergency supplies, blankets and support for community-run shelters.

Is the Duke Energy Foundation grant a recurring program and who funds it?

The Foundation provides more than $30 million annually in philanthropic support and is funded by Duke Energy shareholders.

What parts of Duke Energy's service territory are affected by Winter Storm Fern?

Severe winter weather is forecast across parts of Duke Energy's service territory, specifically impacting communities in North Carolina and South Carolina.

How large is Duke Energy's customer base and energy capacity relevant to this announcement (DUK)?

Duke Energy serves about 8.6 million electric customers, 1.7 million natural gas customers and collectively owns 55,100 megawatts of energy capacity.