Duke Energy Foundation donates $17,500 to American Red Cross in support of disaster relief from last week's storms
Rhea-AI Summary
Duke Energy Foundation has announced a $17,500 donation to two local chapters of the American Red Cross to support disaster relief efforts following severe storms and flooding in Greater Cincinnati. The donation is split between the American Red Cross of the Tri-State ($10,000) and American Red Cross Kentucky Region ($7,500).
The Foundation, funded by Duke Energy shareholders, provides over $30 million annually in philanthropic support. Duke Energy (NYSE: DUK), a Fortune 150 company, serves 8.4 million electric utility customers across six states and 1.7 million natural gas customers across five states. Its Ohio/Kentucky subsidiary specifically serves 910,000 electric customers and 560,000 natural gas customers in a combined service area of over 5,650 square miles.
Positive
- Large customer base of 8.4 million electric and 1.7 million natural gas customers
- Substantial energy capacity ownership of 54,800 megawatts
- Strong market presence across multiple states
Negative
- None.
News Market Reaction – DUK
On the day this news was published, DUK gained 1.80%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"Our region continues to be impacted by the storms and flooding we've seen over the last week," said Rhonda Whitaker Hurtt, vice president of community relations for Duke Energy Ohio/
Duke Energy Foundation provided funding to the following organizations:
- American Red Cross of the Tri-State –
$10,000 - American Red Cross Kentucky Region –
$7,500
"When natural disaster strikes our region, it's important to partner with organizations dedicated to helping our communities when they need it the most. And with that, we're grateful for Duke Energy's continued support," said Stephanie Byrd, Central and
Duke Energy Foundation
Duke Energy Foundation provides more than
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in
Duke Energy Ohio/
Duke Energy Ohio/
Contact: Matt Martin
24-Hour: 800.559.3853
Twitter: @DukeEnergyOH_KY
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SOURCE Duke Energy