Duke Energy Corp Stock Price, News & Analysis

Duke Energy Florida is nearing complete restoration of power outages caused by Hurricane Helene in Pinellas County's barrier islands. The company is on track to meet or exceed estimated restoration times, with most areas expected to be restored by 11:59 p.m. on Friday, Oct. 4, and some by 11:59 p.m. on Saturday, Oct. 5. Several communities are already at or near 100% restoration.

Restoration progress varies across different municipalities, with percentages ranging from 79% to 100% complete. Duke Energy has also mobilized customer care units to provide on-site assistance. The company serves 2 million customers across a 13,000-square-mile service area in Florida and is part of Duke Energy, a Fortune 150 company executing an ambitious clean energy transition.

Duke Energy (NYSE: DUK) continues to rebuild power infrastructure following Hurricane Helene. As of October 4, 2024, more than 2.16 million customers have been restored in the Carolinas, with approximately 85,000 restored since 4 p.m. the previous day. However, 334,000 customers remain without service in Upstate South Carolina and the mountains of North Carolina.

The company is using drones and helicopters to inspect for additional damage and locate equipment in hard-to-reach communities. Some customers may be unable to receive power due to loss or destruction of their homes or businesses. Duke Energy is prioritizing restoration of schools, medical facilities, and water and sewer facilities, as well as customers with special medical needs.

In North Carolina, the focus is on rebuilding the backbone of electrical infrastructure damaged by high winds and flooding. The company expects to restore nearly all customers in upstate South Carolina by Sunday, but restoration may be extended in areas with catastrophic damage.

Duke Energy (NYSE: DUK) continues its power restoration efforts in western North Carolina and Upstate South Carolina following Hurricane Helene's catastrophic damage. Over 21,000 workers are engaged in restoring power to the remaining 420,000 customers without electricity. The company expects to restore power to 90% of affected customers in both states by Friday.

In South Carolina, 219,000 customers remain without power, with plans to restore an additional 134,000 by Friday evening and the remaining 85,000 by Sunday. In North Carolina, 201,000 customers are still affected, with 27,000 to be restored by Friday and another 69,000 by Sunday. However, 105,000 customers in catastrophically damaged areas face longer waits.

Duke Energy is collaborating with state and local agencies to overcome challenges such as destroyed infrastructure and access. The company has already repaired more than 2 million power outages in the Carolinas.

Duke Energy Florida (DUK) is assisting customers affected by Hurricane Helene, offering resources and information to support recovery. The company continues power restoration in hard-hit areas, including Pinellas County's barrier islands, with estimated restoration times of 11:59 p.m. on October 4 for most and October 5 for some. Duke Energy has mobilized customer care units in severely impacted locations to provide on-site assistance.

The company advises customers with property damage to contact them for safety assessments and outlines steps for rebuilding power connections. Duke Energy Florida also warns customers about post-storm scams and offers information on bill payment assistance programs. Customers can use the Outage Map and Outage Alerts for individual restoration estimates.

Duke Energy has released new b-roll and photos of its response to Hurricane Helene. The updated media content includes footage of a Spartanburg, SC self-contained crew staging site, field interviews with lineworkers and engineers in the hardest-hit areas, and b-roll of a mobile substation being installed in the Asheville, NC area. These materials are now available for download on the Duke Energy News Center.

Duke Energy (NYSE: DUK) is a Fortune 150 company serving 8.4 million electric customers and 1.7 million natural gas customers across multiple states. The company is committed to a 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 is investing in grid upgrades and cleaner generation, including energy storage, renewables, natural gas, and nuclear.

Duke Energy Florida has issued estimated times of restoration for Pinellas County's barrier islands following Hurricane Helene. All customers capable of receiving power will be restored by 11:59 p.m. on Saturday, Oct. 5, with the majority restored by 11:59 p.m. on Friday, Oct. 4. The company has established a dedicated webpage, dukeenergyupdates.com/BarrierIslands, for the latest information.

Duke Energy Florida has also mobilized customer care units in severely impacted areas from Oct. 2 to Oct. 4, with representatives available to answer questions and provide account assistance at specific locations in Madeira Beach, St. Pete Beach, Clearwater Beach, and Crystal River.

Customers who cannot receive power due to property damage should contact local municipalities for guidance. Those in mainland Pinellas County, Pasco County, and other service areas can use the Outage Map and enroll in Outage Alerts for individual estimated restoration times.

Duke Energy has partnered with E2D (Eliminate the Digital Divide) to donate over 16,000 laptops to 10 historically Black colleges and universities (HBCUs) in North Carolina over three years. This initiative aims to close the digital divide and support students who arrive on campus without personal computers. On September 9, Duke Energy volunteers distributed laptops to 225 freshmen at Johnson C. Smith University (JCSU).

E2D, a Charlotte-based nonprofit, refurbishes donated laptops in student-led technology labs and has distributed at least 48,000 computers since 2013. The program not only provides essential tools for academic success but also offers workforce opportunities for high school students who gain valuable STEM skills while refurbishing the laptops.

This effort aligns with Duke Energy Foundation's focus on economic mobility and STEM education, as well as Charlotte's Mayor's Racial Equity Initiative, which aims to address systemic inequities and bridge the digital divide.

Duke Energy (NYSE: DUK) is continuing its round-the-clock power restoration efforts following the historic damage caused by Helene in the Carolinas. As of 4 p.m., the company has restored power to nearly 1.6 million customers, with 566,000 outages resolved in South Carolina and 1 million in North Carolina. However, 648,000 customers remain without power, including 363,000 in South Carolina's upstate and 284,000 in North Carolina's mountain region.

Duke Energy expects to restore power to the majority of remaining outages by Friday night, though some areas may experience longer delays due to inaccessibility or destroyed infrastructure. The company is working closely with local and state government partners to access hard-hit areas and rebuild the electricity infrastructure necessary for the region's recovery.

Duke Energy Florida continues power restoration efforts in areas hardest hit by Hurricane Helene, focusing on Madison, Pasco, and Pinellas counties. In Madison County, approximately 750 customers remain without power, while 8,700 have been restored. Pasco County has 2,700 customers without power, with 68,900 restored. Pinellas County reports 9,600 customers without power, while 409,800 have been restored.

The company has made significant progress on Pinellas County's barrier islands, energizing main power lines and restoring service to major hotels and condos. A dedicated webpage, dukeenergyupdates.com/BarrierIslands, provides the latest information for these areas. Duke Energy Florida, serving 2 million customers across a 13,000-square-mile area, emphasizes its commitment to restoring power to all customers capable of receiving it.