STOCK TITAN

Duke Energy Indiana provides $300,000 in energy assistance funds to help customers during pandemic

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Negative)
Tags
Rhea-AI Summary

Duke Energy has allocated $300,000 to support Indiana customers facing energy bill difficulties amid the pandemic. The funds aim to assist eligible customers and enable them to avoid disconnections by setting up payment plans, extendable up to 12 months. The company collaborated with the Indiana Community Action Association to distribute aid. This initiative comes as service disconnections for nonpayment were temporarily suspended until Sept. 15. Additionally, Duke Energy has contributed over $1.15 million in shareholder funds to local nonprofits since mid-March.

Positive
  • Allocated $300,000 to assist customers with energy bills.
  • Extended payment plans up to 12 months to avoid disconnections.
  • Collaborated with local organizations to distribute assistance.
Negative
  • Service disconnections for nonpayment were suspended only until Sept. 15.

PLAINFIELD, Ind., Aug. 31, 2020 /PRNewswire/ -- Duke Energy is providing $300,000 in energy assistance funds to help qualified Indiana customers who may be struggling to pay their energy bills during the pandemic. The company also is emphasizing that eligible residential customers can avoid disconnections for nonpayment if they establish a payment plan, which can now extend up to 12 months.

Duke_Energy_New_Logo

"We know the pandemic continues to be a financial hardship for many," said Duke Energy Indiana President Stan Pinegar. "These funds, in combination with federal Low-Income Energy Assistance dollars administered by the state, can help hundreds of Hoosiers with energy costs during a challenging time."

Duke Energy is working with the Indiana Community Action Association and the Indiana Housing and Community Development Authority's Energy Assistance Program, which determines eligibility and distributes the company's assistance funds.

Recipients of the Duke Energy funds must be Duke Energy customers and meet income-eligibility requirements. The company also encourages eligible customers to establish a payment plan, if needed, for any outstanding balances to avoid disconnection.

"While the Indiana Community Action Agency network can help in many ways, the Duke Energy Helping Hand Program is a valuable resource during uncertain times as moratoriums on utility disconnections and evictions expire," said Ed Gerardot, executive director of the Indiana Community Action Association.

Duke Energy Indiana suspended service disconnections for nonpayment until Sept. 15 for customers who were experiencing financial hardship due to the COVID-19 pandemic. The deadline gave customers an additional month to make payment arrangements beyond the state's current disconnection moratorium. Eligible residential customers can avoid disconnection by establishing a payment plan, which now can extend up to 12 months.

If customers are behind on their Duke Energy bills, they should contact the company right away at 800.521.2232 to talk with a customer service representative to establish payment arrangements. Payment plans can also be established online. Click here for more information.

Federal initiatives such as the Low-Income Energy Assistance Program (LIHEAP)  provide home energy assistance to help eligible low-income households meet their home heating and/or cooling needs. These federal funds received hundreds of millions of dollars as part of the federal stimulus initiative. Indiana's next funding cycle for the program opens Sept. 1. To apply for the Energy Assistance Program, customers should contact their local service provider. Click here to find a listing of service providers by county.  

Since mid-March, the Duke Energy Foundation has contributed more than $1.15 million in shareholder funds to Indiana nonprofit groups, focusing on hunger relief, small business recovery, education and workforce needs as well as social justice grants.

Duke Energy Indiana

Duke Energy Indiana, a subsidiary of Duke Energy, provides about 6,600 megawatts of owned electric capacity to approximately 840,000 customers in a 23,000-square-mile service area, making it Indiana's largest electric supplier.

Contact: Angeline Protogere
Office: 317.838.1338 | 24-Hour: 800.559.3853

Cision View original content:http://www.prnewswire.com/news-releases/duke-energy-indiana-provides-300-000-in-energy-assistance-funds-to-help-customers-during-pandemic-301121109.html

SOURCE Duke Energy

FAQ

What assistance is Duke Energy providing to Indiana customers?

Duke Energy is providing $300,000 in energy assistance funds for eligible Indiana customers struggling to pay their energy bills.

How long can customers extend payment plans with Duke Energy?

Customers can extend payment plans up to 12 months to avoid disconnection.

When did Duke Energy suspend service disconnections for nonpayment?

Duke Energy suspended service disconnections for nonpayment until September 15.

What is the total amount contributed by Duke Energy Foundation since mid-March?

The Duke Energy Foundation has contributed over $1.15 million to Indiana nonprofit groups since mid-March.

How can customers apply for the assistance program?

Customers can contact the Indiana Community Action Association or visit Duke Energy's website for more information on eligibility and application.

Duke Energy Corporation

NYSE:DUK

DUK Rankings

DUK Latest News

DUK Stock Data

88.34B
772.20M
0.14%
66.7%
1.14%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States of America
CHARLOTTE