Duke Energy Corp Stock Price, News & Analysis

Duke Energy is preparing for a severe winter weather system expected to hit the Carolinas, potentially causing power outages due to high winds and freezing temperatures. The company is mobilizing lineworkers and damage assessors to respond quickly. Customers are advised to be proactive in managing potential outages, including preparing emergency kits and having communication plans. Duke Energy emphasizes its commitment to reliable energy through its diverse energy mix while transitioning to cleaner energy sources. They are also focused on enhancing grid infrastructure.

Duke Energy has announced over $750,000 in grants supporting 24 nonprofits and government agencies across North Carolina to enhance emergency preparedness and recovery from severe weather. These funds will provide training, life-saving equipment, and essential tools for local first responders. Stephen De May, Duke Energy's NC president, emphasized the importance of community preparedness following significant storms in recent years. The initiative aims to strengthen local capacities, ensuring quicker recovery for 10.5 million North Carolinians.

Duke Energy has released its annual recipe book, themed 'The Grassroots Garden', inspired by students at Paw Creek Elementary in Charlotte, N.C. This initiative, part of a collaboration with Johnson & Wales University chefs, aims to promote sustainability and environmental education among young learners. The book features 24 recipes using locally sourced ingredients, emphasizing community engagement and healthy eating. Distributed to the company's 8.2 million customers, this year's edition aims to strengthen community ties while fostering a new generation of environmentally conscious individuals.

The mayors of several cities, including Charlotte and Nashville, have declared December 12, 2022, as "Share the Warmth Day" to support Piedmont Natural Gas's charitable program. This initiative helps neighbors pay energy bills through donations collected from customers and community contributions. Piedmont's Round Up program allows customers to round up their bills to aid this cause. Since its inception in 2003, the program has aimed to alleviate energy cost struggles, especially during the cold season when bills tend to rise. The program is open to all, offering assistance year-round.

Duke Energy has successfully restored power to all customers in Moore County and surrounding areas a day earlier than expected following an attack on two major substations. Initially, approximately 45,000 customers were affected. Crews worked tirelessly, executing extensive repairs and equipment replacements. Additionally, the Duke Energy Foundation has pledged $100,000 to support local recovery efforts. Authorities are offering rewards up to $75,000 for information leading to the arrest of those responsible for the attack. Duke Energy, a prominent energy provider, serves millions across multiple states.

Duke Energy has restored power to approximately 10,000 customers in Moore County after an attack on two substations. The company aims to restore nearly all power by 11:59 p.m. Wednesday, with 35,000 customers still affected down from an initial 45,000. Crews are working in 24-hour shifts to repair vital equipment damaged during the incident. Additionally, the Duke Energy Foundation is donating $100,000 to local organizations to support community recovery efforts.

Duke Energy has successfully restored power to nearly 7,000 customers following the attack on substations in Moore County, NC. As of now, 38,000 customers remain without power, down from an initial 45,000. The company is working to restore services swiftly, though some areas face extended outages until December 8. Duke Energy's General Manager stated that extensive damage requires the replacement of significant equipment. The company is collaborating with various agencies to investigate the incident.

Duke Energy (NYSE: DUK) announced the upcoming retirement of Dhiaa Jamil, COO, after over 41 years at the company, effective mid-2023. Preston Gillespie will expand his role as Chief Generation Officer and join the Senior Management Committee, while Harry Sideris will take on the transmission organization. Jamil's leadership improved safety standards, making Duke a leader in the industry for seven consecutive years. Duke Energy is committed to a clean energy transition, targeting net-zero carbon emissions by 2050 and extensive investments in grid enhancements.