Duke Energy Corp Stock Price, News & Analysis

Duke Energy Florida has restored power for over 99% of customers impacted by Hurricane Milton, meeting or exceeding estimated restoration times for all counties. As of 9 a.m. on October 17, 2024, approximately 3,000 outages remain, down from over 1 million immediately after the storm. These outages are mainly in Pasco and Pinellas counties, where the most devastation occurred.

Thousands of crews continue working to complete restoration, focusing on difficult-to-access areas. Customers with extensive damage or flooding may face extended outages. Duke Energy Florida state president Melissa Seixas emphasized the company's commitment to restoring power for all customers and thanked communities for their support.

Customers can report outages through the Duke Energy website, mobile app, text, or phone. The company's Outage Map provides the most up-to-date information on power outages.

Duke Energy (NYSE: DUK) has announced key leadership changes for its South Carolina operations. Tim Pearson, 42, will become the new South Carolina state president effective Nov. 1, succeeding Mike Callahan, who has been promoted to senior vice president and treasurer of the company. Pearson will manage state and local regulatory and government relations, as well as community affairs in South Carolina.

Pearson, who joined Duke Energy full-time in 2023 as vice president of government affairs, brings over a decade of experience in government and policy in South Carolina. In his new role, he will work closely with the corporate and regulatory strategy team to advance legislative, rate, and regulatory initiatives in the state.

Tigerron "Tiger" Wells, 45, currently state government affairs director, will succeed Pearson as vice president of government affairs, managing the company's legislative strategy in South Carolina.

Duke Energy Florida has restored power to over 99% of customers in Pasco County and other areas affected by Hurricane Milton. Storm-related outages across the company's service territory have decreased from over 1 million to approximately 30,000, mainly in Pinellas County. Crews continue working on remaining outages, often involving equipment serving fewer than 25 customers in hard-to-access areas.

Todd Fountain, Duke Energy Florida storm director, acknowledged customer frustration and assured continued efforts until all possible restorations are complete. Customers unable to receive power due to property damage should contact local municipalities for guidance. Duke Energy offers multiple ways to report outages, including their website, mobile app, text service, and phone line.

Duke Energy Foundation is providing $100,000 in grants to 13 organizations in South Carolina with existing home ramp programs for low-income senior citizens or those with disabilities. Each program qualified for up to $15,000 in funding based on the population they serve. The grants aim to improve safety and quality of life for seniors by enabling them to safely enter and exit their homes.

This initiative is a continuation of the Foundation's efforts from 2023, where they provided $225,000 in grants to 15 qualifying nonprofits. The current year's grants focus specifically on home ramp programs to allow for more targeted disbursement of funds. In addition to financial support, Duke Energy employees will volunteer with several organizations to build ramps in communities within the company's service territory.

Duke Energy Florida has restored power to over 95% of customers in 12 counties affected by Hurricane Milton. As of October 14, 2024, storm-related outages have decreased from over 1 million to approximately 105,000. Most remaining customers without power in Pinellas and Pasco counties are expected to be restored by 11:59 p.m. ET on Tuesday, October 15.

Todd Fountain, Duke Energy Florida storm director, emphasized the importance of timely power restoration for customers' daily lives and recovery process. The company remains committed to restoring power to all customers capable of receiving it by the end of Tuesday. However, customers with extensive damage or flooding may face extended outages.

Duke Energy Florida provides multiple ways for customers to report outages, including their website, mobile app, text messaging, and phone. The company encourages customers to stay updated through their Outage Map or by enrolling in Outage Alerts.

Duke Energy Florida is making significant progress in power restoration following Hurricane Milton. As of 9 a.m. ET on Sunday, Oct. 13, outages have decreased from over 1 million to approximately 390,000. Most affected counties are expected to have power restored by 11:59 p.m. ET tonight, while Pinellas and Pasco counties will be restored by 11:59 p.m. ET on Tuesday, Oct. 15.

Todd Fountain, Duke Energy Florida storm director, praised customers' patience and support. The company continues to work day and night to restore power as quickly as possible. However, customers with extensive damage or flooding may face extended outages. Duke Energy Florida provides multiple ways to report outages, including their website, mobile app, text messaging, and phone line.

Duke Energy Florida, a subsidiary of Duke Energy, serves 2 million customers across a 13,000-square-mile service area in Florida. The parent company, Duke Energy (NYSE: DUK), is executing an ambitious clean energy transition, aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

Duke Energy Florida is making progress in restoring power to areas affected by Hurricane Milton. Outages have decreased from over 1 million to approximately 580,000 as of 12 p.m. ET on Saturday, Oct. 12. The company has issued estimated restoration times for impacted customers:

- Most counties will be restored by 11:59 p.m. ET on Sunday, Oct. 13
- Pinellas and Pasco counties will be restored by 11:59 p.m. ET on Tuesday, Oct. 15

Customers with extensive damage or flooding may face extended outages. Duke Energy Florida is committed to restoring power to all customers and provides multiple ways to report outages, including their website, mobile app, text messaging, and phone line. The company serves 2 million customers across a 13,000-square-mile service area in Florida.

Duke Energy Florida has issued estimated times of restoration for customers affected by Hurricane Milton. With 16,000 resources working, the company expects to restore power to most customers by the following dates:

- Sunday, Oct. 13 by 11:59 p.m. for Brevard, Citrus, Hernando, Highlands, Lake, Marion, Orange, Osceola, Polk, Seminole, Sumter and Volusia Counties
- Tuesday, Oct. 15 by 11:59 p.m. for Pasco and Pinellas Counties

Customers can report outages via the Duke Energy website, mobile app, text message, or phone. The company emphasizes that power will be restored within days, not weeks. Duke Energy Florida, a subsidiary of Duke Energy (NYSE: DUK), serves 2 million customers across a 13,000-square-mile area in Florida.

Duke Energy Florida has begun power restoration efforts following Hurricane Milton's landfall. As of 9 a.m. ET, nearly 350,000 outages have been restored, with over 850,000 still existing. The company will issue estimated times of restoration for all affected customers later in the afternoon.

Duke Energy Florida has 16,000 resources supporting power restoration, with crews staged at various base camps in the hardest-hit areas. The company offers safety tips for generator use and provides multiple ways for customers to report power outages, including through their website, mobile app, text message, or phone.

Duke Energy Florida, a subsidiary of Duke Energy, supplies electricity to 2 million customers across a 13,000-square-mile service area in Florida. The parent company, Duke Energy (NYSE: DUK), is executing an ambitious clean energy transition, aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.