Duke Energy dedicates more than $2 million to local, statewide agencies to provide relief to Florida customers

Rhea-AI Summary

Duke Energy has contributed over $2 million since last year to aid Florida households facing rising electricity costs and other economic hardships. The funds support local agencies providing essential assistance such as housing and food. Notable grants include $75,000 to Rebuilding Together and $100,000 to Feeding Florida. In total, Duke Energy allocated $732,000 to state-based programs and distributed over $1 million in energy bill assistance through the Share the Light Fund in 2022. This initiative aims to help customers cope with financial struggles exacerbated by inflation and the pandemic.

Positive

• Contributed over $2 million to local agencies since last year.
• Provided $732,000 to Florida-based assistance programs to cover household expenses.
• Distributed over $1 million in energy bill assistance through Share the Light Fund in 2022.

Negative

• None.

• More than $2 million contributed since last year to support customers in need
• Company continues to collaborate with community agencies throughout the state to address rising costs

ST. PETERSBURG, Fla., March 28, 2023 /PRNewswire/ -- As rising prices for many goods and services, including the cost of electricity, continue to weigh on households across Florida, Duke Energy and its Foundation have provided more than $2 million since last year to support community agencies dedicated to providing relief to customers.

"Whether it's from rising costs and inflation, devastation from last year's back-to-back hurricanes or lingering effects from the pandemic, many households must make difficult decisions when it comes to paying their bills," said Melissa Seixas, Duke Energy Florida state president. "Working with local agencies allows us to connect our customers with available assistance, programs and tools to help them get through this time of continued economic hardship."

Funded by Duke Energy shareholders, the newest giving includes grants from the Duke Energy Foundation to support local and statewide agencies that provide assistance with housing, food, utility bills and other essentials. The grants include $75,000 to Rebuilding Together in Central Florida, North Central Florida and Tampa Bay, as well as $100,000 to Feeding Florida.

"Duke Energy Foundation's commitment to strengthen and uplift communities falls directly in line with our mission to help feed Florida's families," said Robin Safley, Executive Director of Feeding Florida. "We know that hunger is a symptom of an under resourced home and that by providing food relief, the families we serve can stabilize and thrive. We are grateful to work with Duke Energy and continue this critical work to provide healthy, nutritious food."

The $75,000 grant for Rebuilding Together will be split between the agency's Central Florida, North Central Florida and Tampa Bay divisions and assist Duke Energy customers impacted by Hurricane Ian.

"Rebuilding Together is proud to work with Duke Energy because of the alignment in our missions, and the common core values of serving local communities and expanding access to the services they need," said RD Bonnaghan, Executive Director Rebuilding Together North Central Florida. "Whether that's quality and affordable energy solutions, or health and safety modifications that keep our neighbors in their homes, Duke Energy and Rebuilding Together are on the same team – building a safer, healthier community."

"This grant will significantly impact our Hurricane Ian disaster recovery efforts for those in need," said Jose Garcia, executive director of Rebuilding Together Tampa Bay and Rebuilding Together Central Florida. "We are thrilled to have the support of Duke Energy, which will allow us to continue our vital work of rebuilding homes and lives in communities in Tampa Bay and Orlando."

Duke Energy continues to support its customers, connecting them with available assistance and offering tools and resources to help them manage higher bills.

Since last year, Duke Energy contributed $732,000 to Florida-based assistance programs to help customers cover household expenses. In addition, more than $1 million in energy bill assistance was distributed to customers through the company's Share the Light Fund^® in 2022.

Residents who need financial assistance are encouraged to visit duke-energy.com/HereToHelp to locate available resources and learn about more programs, tools and tips to save energy and money.

Duke Energy Florida                                                 

Duke Energy Florida, a subsidiary of Duke Energy, owns 10,500 megawatts of energy capacity, supplying electricity to 1.9 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.

Duke Energy Foundation                             

The Duke Energy Foundation provides more than $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The foundation is funded by Duke Energy shareholders.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,600 people.

Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. 

Duke Energy was named to Fortune's 2023 "World's Most Admired Companies" list and Forbes' "World's Best Employers" list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Media contact: Audrey Stasko
Media line: 800.559.3853
Twitter: @DE_AudreyS

View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-dedicates-more-than-2-million-to-local-statewide-agencies-to-provide-relief-to-florida-customers-301783898.html

SOURCE Duke Energy

FAQ

What initiatives has Duke Energy (DUK) undertaken to support Florida customers in need?

Duke Energy has contributed over $2 million to local agencies in Florida to assist households facing rising costs, including housing and food support.

How much financial assistance has Duke Energy (DUK) provided in 2022?

In 2022, Duke Energy distributed over $1 million in energy bill assistance through its Share the Light Fund and allocated $732,000 to Florida-based assistance programs.

What are the primary beneficiaries of Duke Energy's (DUK) contributions?

Duke Energy's contributions primarily support agencies like Rebuilding Together and Feeding Florida, which provide housing and food assistance.