Duke Energy Corporation reports developments tied to one of the largest regulated utility platforms in the United States. The company operates electric utilities serving customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and natural gas utilities in North Carolina, South Carolina, Ohio and Kentucky.
Recurring news themes include quarterly financial results, common and preferred stock dividends, electric grid modernization, generation investments, customer cost initiatives, and regulatory approvals affecting power plants and utility service. Company updates also cover nuclear generation, natural gas and other resource additions, federal and state regulatory matters, and Duke Energy Foundation community programs in the utility territories it serves.
Duke Energy reported significant disruptions in power service due to extreme cold weather and high energy demand, affecting approximately 500,000 customers in the Carolinas. The company implemented rotating outages to maintain grid stability and is actively restoring power after a high-wind event caused additional outages for 40,000 customers. Customers are urged to conserve energy to avoid further outages, particularly during the cold snap. Duke Energy's operations serve over 8.2 million customers across multiple states and own 50,000 megawatts of energy capacity.
Duke Energy reports tight electricity supplies due to extreme cold weather on December 24, 2022. The utility urges customers to conserve energy and is implementing load shedding to manage demand. Outages will be temporary and rotate among customers, expected to last until at least 9 a.m. today. Duke Energy is actively working to restore power following disruptions from a wind storm. The company serves 8.2 million customers across several states and is focused on a clean energy transition, aiming for net-zero carbon emissions by 2050.
Duke Energy has requested its customers to reduce energy consumption for the next 24 hours due to extreme temperatures causing high energy demand in the Carolinas. Customers are advised to lower thermostat settings, avoid using large appliances during peak times, and shift non-essential activities to late evening hours. Duke Energy serves 8.2 million customers across several states and is on a path to achieve net-zero carbon emissions by 2050, with interim targets for 2030 and 2040. The company is investing in clean energy and grid enhancements.
Duke Energy is preparing for a winter storm expected to cause power outages in southwest Ohio and Northern Kentucky from late Thursday through Friday evening. The combination of high winds and below-freezing temperatures poses risks to power lines and increases demand on the electric grid. Duke Energy crews, including lineworkers and damage assessors, are on standby to restore power swiftly. Customers are advised to prepare for potential extended outages and maintain emergency plans for vulnerable family members.
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.
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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.