STOCK TITAN

Duke Energy Florida prepares for more than 1 million power outages; mobilizes approximately 10,000 resources

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Duke Energy Florida is preparing for Hurricane Milton, expected to cause over 1 million power outages. The company is mobilizing approximately 10,000 responders to handle the aftermath of the Category 4 hurricane. Storm surge, strong winds, and heavy rainfall are anticipated to cause widespread equipment damage and extended outages.

Duke Energy is deploying crews from its Midwest operations and setting up staging locations outside Milton's projected path. The company urges customers to prepare for extended power outages and follow safety guidelines, especially regarding flooding and electrical safety. Customers are encouraged to update their contact information and use various methods to report outages, including the Duke Energy mobile app and website.

Duke Energy Florida si sta preparando per l'uragano Milton, che si prevede causerà oltre 1 milione di interruzioni di energia. L'azienda sta mobilitando circa 10.000 operatori per gestire le conseguenze di questo uragano di categoria 4. Si prevedono mareggiate, venti forti e forti piogge, che porteranno a danni diffusi alle attrezzature e a interruzioni prolungate.

Duke Energy sta inviando squadre dalle sue operazioni nel Midwest e sta allestendo luoghi di attesa al di fuori del percorso previsto di Milton. L'azienda invita i clienti a prepararsi per interruzioni di energia prolungate e seguire le linee guida di sicurezza, in particolare per quanto riguarda le inondazioni e la sicurezza elettrica. Si incoraggiano i clienti ad aggiornare le loro informazioni di contatto e utilizzare vari metodi per segnalare le interruzioni, inclusa l'app mobile e il sito web di Duke Energy.

Duke Energy Florida se está preparando para el huracán Milton, que se espera que cause más de 1 millón de cortes de energía. La empresa está movilizando aproximadamente 10,000 respondientes para manejar las consecuencias del huracán de categoría 4. Se anticipan marejadas, vientos fuertes y fuertes lluvias que causarán daños generalizados en los equipos y cortes prolongados.

Duke Energy está desplegando equipos de sus operaciones en el Medio Oeste y estableciendo ubicaciones de preparación fuera del camino proyectado de Milton. La empresa insta a los clientes a prepararse para cortes de energía prolongados y a seguir las pautas de seguridad, especialmente sobre inundaciones y seguridad eléctrica. Se anima a los clientes a actualizar su información de contacto y utilizar varios métodos para reportar los cortes, incluyendo la aplicación móvil y el sitio web de Duke Energy.

Duke Energy Florida는 허리케인 밀턴에 대비하고 있습니다. 이 허리케인은 100만 건이 넘는 정전을 초래할 것으로 예상됩니다. 회사는 카테고리 4 허리케인의 여파를 처리하기 위해 약 10,000명의 응답자를 동원하고 있습니다. 폭풍 해일, 강풍 및 강우가 예상되며, 이는 광범위한 장비 손상과 장기적인 정전을 초래할 것입니다.

Duke Energy는 중서부 운영팀에서 인력을 배치하고 밀턴의 예상 경로 외부에 준비 위치를 설정하고 있습니다. 회사는 고객들이 장기 정전에 대비하고, 특히 홍수와 전기 안전에 대한 안전 지침을 따를 것을 권장하고 있습니다. 고객들은 연락처 정보를 업데이트하고 Duke Energy의 모바일 앱 및 웹사이트를 포함한 여러 방법으로 정전을 보고할 것을 권장받고 있습니다.

Duke Energy Florida se prépare pour l'ouragan Milton, qui devrait entraîner plus de 1 million de coupures de courant. L'entreprise mobilise environ 10 000 intervenants pour gérer les conséquences de cet ouragan de catégorie 4. Une forte montée des eaux, des vents violents et de fortes pluies sont anticipés, ce qui pourrait causer des dommages matériels généralisés et des coupures prolongées.

Duke Energy déploie des équipes de ses opérations du Midwest et met en place des lieux de préparation en dehors du chemin projeté de Milton. L'entreprise appelle ses clients à se préparer à des coupures de courant prolongées et à suivre les consignes de sécurité, notamment concernant les inondations et la sécurité électrique. Les clients sont encouragés à mettre à jour leurs informations de contact et à utiliser divers moyens pour signaler les coupures, y compris l'application mobile et le site web de Duke Energy.

Duke Energy Florida bereitet sich auf Hurrikan Milton vor, der voraussichtlich mehr als 1 Million Stromausfälle verursachen wird. Das Unternehmen mobilisiert ca. 10.000 Einsatzkräfte, um die Folgen des Hurrikans der Kategorie 4 zu bewältigen. Sturmfluten, starke Winde und heftiger Regen werden voraussichtlich zu weitreichenden Schäden an Geräten und verlängerten Ausfällen führen.

Duke Energy entsendet Teams aus seinen Betrieben im Mittleren Westen und richtet Vorbereitungsorte außerhalb des prognostizierten Pfades von Milton ein. Das Unternehmen fordert die Kunden auf, sich auf längere Stromausfälle vorzubereiten und die Sicherheitsrichtlinien zu befolgen, insbesondere in Bezug auf Überflutungen und elektrische Sicherheit. Den Kunden wird geraten, ihre Kontaktinformationen zu aktualisieren und verschiedene Methoden zur Meldung von Ausfällen zu nutzen, einschließlich der mobilen App und der Website von Duke Energy.

Positive
  • Proactive mobilization of 10,000 responders to handle hurricane aftermath
  • Deployment of additional crews from Midwest operations to support restoration efforts
  • Strategic positioning of staging locations for rapid response post-hurricane
  • Multiple outage reporting options provided to customers for improved communication
Negative
  • Anticipation of over 1 million power outages due to Hurricane Milton
  • Potential for widespread equipment damage and extended outage durations
  • Risk of significant damage to homes and businesses, affecting power restoration
  • Possible impact on the most populated areas of Duke Energy Florida's service territory

Insights

Duke Energy's preparation for Hurricane Milton underscores the significant threat to Florida's power infrastructure. Mobilizing 10,000 resources for over 1 million expected outages indicates the storm's potential for widespread, long-lasting damage. This level of preparation is unprecedented in recent years.

The company's proactive approach, including staging crews from other states, demonstrates a robust emergency response plan. However, the expected extended outage durations could have severe economic implications for the region, potentially impacting Duke Energy's $88 billion market cap.

Investors should note that while such events typically result in short-term costs, utilities often recover these expenses through rate adjustments, potentially leading to long-term revenue stability. The emphasis on grid upgrades and clean energy transition may also position Duke Energy favorably for future resilience and regulatory compliance.

This hurricane preparation highlights significant operational and financial risks for Duke Energy. The potential for over 1 million outages in Florida alone could lead to substantial repair costs and temporary revenue losses. However, Duke's comprehensive preparedness demonstrates strong risk management practices, which may mitigate some investor concerns.

The company's emphasis on customer communication and safety protocols is important for maintaining public trust and regulatory goodwill. This approach could help minimize reputational risks and potential legal liabilities often associated with prolonged outages.

Investors should consider the long-term implications of increasing severe weather events on utility infrastructure investments. Duke's ongoing clean energy transition and grid modernization efforts may become even more critical, potentially accelerating capital expenditure plans and influencing future earnings projections.

  • Company meteorologists continue tracking the storm

ST. PETERSBURG, Fla., Oct. 7, 2024 /PRNewswire/ -- Duke Energy Florida is mobilizing approximately 10,000 responders as it prepares for more than 1 million power outages associated with damage from Hurricane Milton.

The National Hurricane Center expects Milton to strengthen to a Category 4 hurricane. There is a risk of life-threatening storm surge for the west coast of Florida, strong winds and heavy rainfall that will affect the area well ahead of the storm. 

The impact of a major hurricane could result in widespread equipment damage causing extended outage durations for our customers. Hurricane Milton is expected to damage homes and businesses making structures unsafe to re-energize.

"Based on the current track, Hurricane Milton will impact the most populated areas of our service territory," said Todd Fountain, Duke Energy Florida storm director." Despite extensive system improvements and rigorous tree trimming, the strong winds and flooding will cause power outages. Customers should expect significant damage and make immediate preparations for extended power outage durations."

Duke Energy is sending crews from Duke Energy's Midwest operations in Kentucky, Ohio and Indiana.

Responders include power line technicians, vegetation workers, damage assessors and support personnel.

Trucks will begin arriving at The Villages, Suwannee Valley Farmers Market and Richie Brothers Auction tomorrow. Staging locations are positioned along the outside of Milton's projected path, but as close to the impacted areas as possible. Crews are prepared to start power restoration as soon as weather conditions allow.

Once conditions are safe for travel, workers will be deployed immediately to make repairs and restore electric service as safely and quickly as possible.

Duke Energy meteorologists continue to monitor the movement of Hurricane Milton and are developing up-to-the-minute forecasts to help the company plan and prepare.

Safety information

Duke Energy encourages customers to have a plan in place to respond to an extended power outage after a hurricane or other severe weather. Below are some tips:

Flooding and electrical safety

  • If rising water threatens your home – or if you evacuate your home – turn off your power at the circuit breaker panel or fuse box.
  • Electric current passes easily through water, so stay away from downed power lines and electrical wires. Don't drive over – and don't stand near – downed power lines.
  • Never replace a fuse or touch a circuit breaker with wet hands, or while standing on a wet or damp surface.
  • Those who cannot receive power due to damage to the property's meter base, breaker panel or customer-owned electrical wiring should contact their local municipalities for guidance. Inspections may be required after repairs are complete.   

For more tips on how to prepare for storm season, and how Duke Energy can help, please visit duke-energy.com/StormTips.

Outage reporting

Before the storm hits, customers should contact us to make sure their contact information is up to date and their communication preferences are noted, so they receive proactive outreach on the status on a power outage they may experience.

Customers who experience an outage during a storm can report it the following ways:

  • Visit duke-energy.com on a desktop computer or mobile device.
  • Use the Duke Energy mobile app – Download the Duke Energy app from a smartphone via Apple Store or Google Play.
  • Text OUT to 57801 (standard text and data charges may apply).
  • Call the automated outage reporting system at 800.228.8485.

There is also an interactive outage map where customers can find up-to-date information on power outages, including the total number of outages systemwide and estimated times of restoration.

Duke Energy Florida
Duke Energy Florida, a subsidiary of Duke Energy, owns 12,300 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.  

Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. 

Duke Energy is executing an ambitious clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in major electric grid upgrades and cleaner generation, including expanded energy storage, renewables, natural gas and nuclear.  

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition. 

Contact: Ana Gibbs
24-Hour: 800.559.3853 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-florida-prepares-for-more-than-1-million-power-outages-mobilizes-approximately-10-000-resources-302268867.html

SOURCE Duke Energy

FAQ

How many power outages is Duke Energy Florida (DUK) expecting from Hurricane Milton?

Duke Energy Florida is preparing for more than 1 million power outages due to Hurricane Milton.

How many responders is Duke Energy Florida (DUK) mobilizing for Hurricane Milton?

Duke Energy Florida is mobilizing approximately 10,000 responders to handle the aftermath of Hurricane Milton.

What category is Hurricane Milton expected to reach according to Duke Energy Florida (DUK)?

According to Duke Energy Florida, Hurricane Milton is expected to strengthen to a Category 4 hurricane.

Where is Duke Energy Florida (DUK) sending additional crews from for Hurricane Milton response?

Duke Energy Florida is sending additional crews from its Midwest operations in Kentucky, Ohio, and Indiana.

Duke Energy Corporation

NYSE:DUK

DUK Rankings

DUK Latest News

DUK Stock Data

85.85B
772.48M
0.14%
66.6%
1.27%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States of America
CHARLOTTE