Welcome to our dedicated page for Duke Energy news (Ticker: DUK), a resource for investors and traders seeking the latest updates and insights on Duke Energy stock.
Duke Energy Corporation (NYSE: DUK) generates a steady stream of news as a Fortune 150 energy holding company with major regulated electric and natural gas utilities. This page aggregates coverage of Duke Energy’s announcements, allowing readers to follow developments affecting its multi-state operations in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, as well as its natural gas utilities in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
News about Duke Energy frequently highlights investments in electric grid upgrades, cleaner generation and customer affordability. Recent company communications describe targeted infrastructure projects in Florida that expand solar capacity, upgrade natural gas power plants, harden the grid against storms and deploy self-healing technology, with reported savings of more than $1 billion in energy costs for customers. Other updates detail changes to storm cost recovery charges and bill impacts in response to hurricanes and regulatory decisions in the Carolinas and Florida.
Investors and observers can also track Duke Energy’s progress on the energy transition through news on nuclear and advanced technologies. Examples include the DeBary Hydrogen Production Storage System in Florida, capable of producing, storing and using green hydrogen, and large battery energy storage systems at former coal plant sites in the Carolinas. Regulatory and financial news items cover rate cases, performance-based regulation proposals, production tax credit mechanisms, and scheduled earnings releases and conference calls.
Community and philanthropic initiatives are another recurring news theme, such as America250 grants from the Duke Energy Foundation and employee-driven community investments. By following Duke Energy news, readers can monitor operational decisions, regulatory outcomes, infrastructure projects, customer programs and community support efforts that shape the company’s role in the U.S. utilities sector.
Duke Energy Florida has restored power to nearly 1 million customers since Hurricane Ian, with plans to complete restoration by Monday night for all customers capable of receiving power. As of now, about 15,000 customers remain without power. Duke Energy's workforce, which included 10,000 personnel from various states, expedited the restoration process. Significant improvements in grid infrastructure allowed for quicker recovery. Customers in flooded areas must have their electrical systems inspected before reconnection.
Duke Energy Florida has restored power to over 930,000 customers after Hurricane Ian, with 90% of remaining customers expected to regain power by midnight, October 2, 2022. However, some areas still face isolated damage hindering restoration efforts. Despite improved weather conditions, local flooding presents challenges in restoring power across central and eastern counties. Duke Energy is deploying additional crews to expedite restoration in the hardest-hit regions, serving 1.9 million customers statewide.
Duke Energy continues restoration efforts in North Carolina and South Carolina following Hurricane Ian, with nearly 750,000 customers restored. As of 5:00 p.m., approximately 178,500 customers remain without power, primarily in North Carolina. The company expects to restore power to more than 95% of affected customers by tomorrow night. Crews, including specialists from other states and Canada, are focusing on areas with significant structural damage. Restoration progress details, including estimated times, are available on their website.
Duke Energy Florida reports that over 861,000 customers have had power restored following disruptions, with expectations to restore 90% of outages by midnight Sunday. Approximately 171,000 remain without power from a total of 1.9 million served. Restoration efforts are ongoing across several counties, including Pasco and Pinellas, with estimated times of restoration provided. The company has mobilized 10,000 workers to expedite recovery despite challenges from localized flooding.
Duke Energy mobilized over 10,000 crew members to restore power after Hurricane Ian caused extensive damage across the Carolinas. The storm affected 850,000 customers, with nearly 500,000 restorations achieved as of Saturday morning. Major efforts are focused on Wake and Guilford counties, which experienced significant structural damage. Customers can track restoration efforts via Duke Energy's website.
Duke Energy Florida is actively restoring power to customers affected by Hurricane Ian, with a workforce of 10,000 mobilized from various locations. So far, over 650,000 customers have had their power restored, although approximately 430,000 remain without service. Restoration efforts are expected to conclude by October 1 for 90% of customers in Pasco and Pinellas counties, and by October 2 for Lake, Orange, Osceola, and Seminole counties. Duke Energy continues to assess damage and urges customers to report outages through their website or mobile app.
Duke Energy is preparing for Hurricane Ian's impact along South Carolina's coast, with over 10,000 crew members ready to respond to potential power outages. Risks include multiday outages due to high winds, heavy rain, and flooding. Customers are urged to prioritize safety and prepare for outages. The company will assess storm damage and restore power following public health and safety protocols. Duke Energy is also actively managing lake levels in advance of the storm's expected rainfall.
Duke Energy has committed $100,000 to the Florida Disaster Fund to support communities affected by Hurricane Ian. The donation will assist in providing meals, shelter, and emergency services during the recovery phase. Duke Energy has deployed nearly 10,000 workers to restore power across its Florida service areas. The company aims to prioritize customer care during natural disasters, as emphasized by Florida President Melissa Seixas. Duke Energy serves 1.9 million customers in Florida and is focused on enhancing its energy systems.
Fifth Third Bank has partnered with the Cincinnati USA Regional Chamber and Duke Energy to measure carbon impact and provide verified carbon offsets for the BLINK light and art festival in Cincinnati, running from October 13-16, 2022. The bank, a leader in environmental sustainability, aims to make its BLINK installation carbon neutral by using renewable energy certificates and verified carbon offsets. Fifth Third has been active in BLINK since 2019 and has achieved carbon neutrality for its operations since 2020.
Duke Energy Florida is currently managing over 680,000 power outages caused by Hurricane Ian, with more than 185,000 customers already restored. The company has mobilized 10,000 workers for restoration efforts, though recovery may take longer for the hardest-hit regions. Restoration times will be estimated for various counties by September 30, 2022. The storm's effects, including strong winds and rain, are complicating damage assessments and restoration efforts. Duke Energy emphasizes the importance of safety and encourages customers to report outages via multiple channels.