Duke Energy: Thank you, Florida customers, for conserving energy during extreme cold on Monday morning

Rhea-AI Summary

Duke Energy (NYSE: DUK) thanked Florida customers for conserving electricity during an unusually cold Monday morning on Feb. 2, 2026, saying reduced usage helped lessen strain on the grid and supported reliable service.

The company said its teams remain ready and highlighted Duke Energy Florida's 12,300 MW capacity serving 2 million customers across a 13,000‑square‑mile area, plus companywide metrics of 8.6 million electric customers and 55,100 MW capacity. It listed bill‑management tools, assistance programs and energy‑saving tips for customers.

News Market Reaction

-1.53%

1 alert

-1.53% News Effect

On the day this news was published, DUK declined 1.53%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Florida capacity: 12,300 megawatts Florida customers: 2 million customers Florida service area: 13,000 square miles +4 more

7 metrics

Florida capacity 12,300 megawatts Duke Energy Florida owned energy capacity

Florida customers 2 million customers Residential, commercial and industrial customers in Florida

Florida service area 13,000 square miles Duke Energy Florida service territory

Electric customers 8.6 million customers Electric utilities across six U.S. states

Total energy capacity 55,100 megawatts Collective energy capacity of Duke Energy electric utilities

Natural gas customers 1.7 million customers Gas utilities in five U.S. states

24-hour contact 800.559.3853 Customer/media contact number provided in release

Market Reality Check

Price: $123.59 Vol: Volume 5,142,855 is about...

normal vol

$123.59 Last Close

Volume Volume 5,142,855 is about 1.3x the 20-day average of 3,968,622, indicating elevated interest ahead of this routine operational update. normal

Technical Price at 121.35 is trading above the 200-day MA of 120.38, signaling a stable longer-term uptrend into this cold-weather operations release.

Peers on Argus

DUK is up 0.38% with most close peers also positive (SO +0.42%, AEP +0.64%, EXC ...

DUK is up 0.38% with most close peers also positive (SO +0.42%, AEP +0.64%, EXC +1.04%), while D declines 1.13%. Moves appear broadly utility-related rather than driven solely by this Florida-focused conservation note.

Historical Context

5 past events · Latest: Jan 29 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 29	Cold-weather bill help	Positive	+0.5%	Guidance on managing higher bills and programs like smart-thermostat credits.
Jan 26	Storm restoration update	Positive	+1.1%	Reporting 131,059 restorations and remaining outages after Winter Storm Fern.
Jan 25	Outage status update	Neutral	+1.1%	Detailing current outages, restorations, and staged storm personnel during Fern.
Jan 23	Storm readiness	Neutral	-0.2%	Mobilizing 18,000+ workers across 22 basecamps ahead of Winter Storm Fern.
Jan 22	Storm preparation alert	Negative	-1.4%	Warning of potential multiday outages in the Carolinas from Winter Storm Fern.

Pattern Detected

Recent winter-weather and reliability updates have generally coincided with modestly positive price reactions, suggesting investors treat these as routine operational communications.

Recent Company History

Over the past weeks, DUK has issued multiple updates tied to winter weather and grid reliability. Releases on Jan. 22–26 around Winter Storm Fern highlighted outage preparation, large restoration workforces (over 18,000 workers), and progressive restoration milestones. A Jan. 29 notice then focused on bill-management tools during prolonged cold. Today’s Florida-focused conservation message fits this pattern of emphasizing reliability, customer support, and energy-saving programs during peak weather stress.

Regulatory & Risk Context

Active S-3 Shelf · $4,000,000,000

Shelf Active

Active S-3 Shelf Registration 2025-09-30

$4,000,000,000 registered capacity

An effective Form S-3ASR dated 2025-09-30 registers up to $4,000,000,000 of PremierNotes, with a maximum net aggregate principal of $2,000,000,000 outstanding at any time. A 424B3 filing on 2025-12-22 updated PremierNotes interest rates, indicating the shelf is in active use.

Market Pulse Summary

This announcement underscores Duke Energy Florida’s ability to manage peak demand during extreme col...

Analysis

This announcement underscores Duke Energy Florida’s ability to manage peak demand during extreme cold while maintaining reliable service. It thanks customers for conservation and points to bill-management tools and smart-thermostat programs, echoing recent winter-weather communications. Operationally, it reinforces DUK’s large Florida footprint of 2 million customers and 12,300 megawatts of capacity. Investors may watch future updates on grid performance, customer programs, and regulatory developments as weather-driven demand persists.

Key Terms

megawatts, natural gas, renewables, energy storage

4 terms

megawatts technical

"Duke Energy Florida, a subsidiary of Duke Energy, owns 12,300 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.

natural gas technical

"cleaner generation, including natural gas, nuclear, renewables and energy storage"

Natural gas is a flammable gas mixture, mostly methane, extracted from underground and used to heat homes, generate electricity and power factories—think of it as the fuel that keeps heaters, power plants and many industrial processes running. Investors care because its price and supply affect energy company profits, utility bills and inflation, and can swing quickly with weather, production changes or geopolitical events, much like how gasoline prices influence many businesses and consumer costs.

renewables technical

"cleaner generation, including natural gas, nuclear, renewables and energy storage"

Renewables are energy sources that are naturally replenished over short time spans—like sunlight, wind, flowing water, and plant-based fuels—used to generate electricity, heat, or fuel. For investors, renewables matter because they represent a shifting energy mix with long-term demand potential, often requiring big upfront investment but offering predictable operating costs and exposure to government policies and incentives; think of them like a rechargeable power supply replacing one-time fuels.

energy storage technical

"cleaner generation, including natural gas, nuclear, renewables and energy storage"

Energy storage involves capturing and holding excess energy produced during periods of low demand for later use when demand is higher. Think of it like a rechargeable battery that saves power for when it’s needed most. For investors, energy storage is important because it helps balance supply and demand, making energy systems more reliable and efficient, which can influence the value of energy-related assets and technologies.

AI-generated analysis. Not financial advice.

ST. PETERSBURG, Fla., Feb. 2, 2026 /PRNewswire/ -- Duke Energy thanks its customers across Florida for reducing their electricity use on Monday morning as extreme cold pushed demand for power higher than normal. Customers' actions helped lessen strain on the electric grid and supported reliable service during one of the coldest mornings of the season.

"Customer conservation made a meaningful difference today," said Melissa Seixas, Duke Energy Florida state president. "We appreciate every household and business that adjusted their routines to help manage energy demand on the grid through this period of unusual cold, and we're grateful for the support from local, state and federal officials who helped encourage conservation. Our teams continue to work around the clock to ensure that our power plants and grid remain ready to meet our customers' energy needs."

Duke Energy is in a strong position to reliably meet customer demand for the rest of the week and continues efforts to add to its diverse energy mix to support economic growth and increased energy needs across Florida.

Ways customers can manage energy use and winter bills
As cold weather continues, Duke Energy encourages customers to maintain their energy‑saving habits. The company offers many low- and no-cost tips that can help customers save: duke-energy.com/SeasonalSavings.

Duke Energy also offers tools and programs to help customers manage their energy bills:

Flexible payment options

• Installment plans
• Pick Your Due Date
• Request a due date extension

Additional assistance

• Share the Light Fund
• Payment Assistance Finder
• 211.org for local community resources

Tools to help

• Explore other rate options
• Enroll a qualifying smart thermostat for bill credits
• Track energy use on the website or the Duke Energy mobile app

Duke Energy Florida
Duke Energy Florida, a subsidiary of Duke Energy, owns 12,300 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.

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.

Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

24-Hour: 800.559.3853

View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-thank-you-florida-customers-for-conserving-energy-during-extreme-cold-on-monday-morning-302676605.html

SOURCE Duke Energy

FAQ

Why did Duke Energy (DUK) thank Florida customers on Feb. 2, 2026?

Because customers reduced electricity use during an extreme cold Monday morning, helping lower grid strain. According to the company, conservation actions supported reliable service and eased operational stress during one of the coldest mornings of the season.

How much capacity does Duke Energy Florida report and how many customers does it serve?

Duke Energy Florida reports 12,300 MW of energy capacity and serves 2 million customers. According to the company, that capacity covers a 13,000‑square‑mile service area across Florida.

What tools and programs did Duke Energy (DUK) highlight to help Florida customers manage bills?

Duke Energy listed flexible payment options, installment plans, bill date choices, assistance funds and a Payment Assistance Finder. According to the company, customers can also enroll smart thermostats, track usage on the app, and explore rate options.

Will Duke Energy (DUK) meet demand after the cold event in Florida this week?

The company said it is in a strong position to reliably meet customer demand for the rest of the week. According to Duke Energy, operations teams continue working around the clock to keep power plants and the grid ready.

Where can Florida customers find Duke Energy (DUK) winter energy‑saving tips and assistance?

Customers can find low‑ and no‑cost tips and assistance resources on the company's Seasonal Savings webpage and help tools. According to the company, the site and mobile app provide tips, enrollment links, and local assistance contacts.