STOCK TITAN

Duke Energy invests more than $350,000 in projects that help preserve, enhance South Carolina's natural places

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

The Duke Energy Foundation has awarded over $350,000 in grants to South Carolina organizations for environmental projects, wildlife conservation, and education. This funding supports 22 nonprofits and governments, with individual grants of up to $10,000 for various initiatives, such as trail maintenance and park beautification. The Foundation allocates more than $2 million annually for charitable causes in South Carolina, reflecting Duke Energy’s commitment to community support and environmental stewardship.

Positive
  • None.
Negative
  • None.

GREENVILLE, S.C., Sept. 29, 2020 /PRNewswire/ -- The Duke Energy Foundation recently awarded more than $350,000 in grants to South Carolina organizations that will fund environmental projects, wildlife conservation efforts and environmental educational programs across the state.

As a result of increased usage during the pandemic, a large portion of the funding also went to 22 qualified nonprofit and government entities that received up to $10,000 for funding of projects such as trail upkeep and maintenance; park beautification; and safety enhancements.

"These grants support programs and organizations that work to protect and restore the wildlife and natural resources that our communities depend on," said Michael Callahan, Duke Energy's South Carolina president. "We think it's important to work alongside our community partners to ensure these beautiful places around us can be enjoyed by nature lovers of all ages for years to come."

The South Carolina State Park Service manages and protects more than 80,000 acres of South Carolina's natural and cultural resources, including more than 300 miles of hiking and riding trails.

"Our partnership with Duke Energy is exceptional and has helped us deliver our promise of wise stewardship of resources and service to our visitors," said Paul McCormack, director of the South Carolina State Park Service. "The latest grants for Landsford Canal State Park and the Carrick Creek Trail at Table Rock State Park underscore the value of their significant support."

The City of Florence will use grant funding for an extension of a boardwalk at the Florence Rail Trail and the installation of a partially covered platform within the Jeffries Creek ecosystem.

"During this health crisis, having safe recreational opportunities for the citizens of Florence is more important than it has ever been," said Stephen Wukela, mayor of the City of Florence. "We are very thankful that Duke Energy has provided the city with this grant to expand those amenities and continue our efforts in expanding our trail systems."

A complete list of all grantees can be found here.

The Foundation funds more than $2 million annually to nonprofit organizations in South Carolina.

Duke Energy Foundation
The Duke Energy Foundation provides philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation contributes more than $30 million annually in charitable gifts and is funded by Duke Energy shareholder dollars. More information about the Foundation and its Powerful Communities program can be found at duke-energy.com/foundation

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit's regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune's 2020 "World's Most Admired Companies" list, and Forbes' 2019 "America's Best Employers" list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

24-Hour: 800.559.3853

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/duke-energy-invests-more-than-350-000-in-projects-that-help-preserve-enhance-south-carolinas-natural-places-301140019.html

SOURCE Duke Energy

FAQ

How much did Duke Energy grant for environmental projects in South Carolina?

Duke Energy awarded over $350,000 in grants for environmental projects.

What is the purpose of the grants provided by Duke Energy Foundation?

The grants fund environmental projects, wildlife conservation efforts, and educational programs.

Which organizations benefited from Duke Energy's funding in 2020?

22 qualified nonprofit and government entities in South Carolina received grant funding.

How much annual funding does the Duke Energy Foundation provide?

The Duke Energy Foundation funds more than $2 million annually to nonprofit organizations in South Carolina.

What types of projects are supported by Duke Energy grants?

Projects include trail upkeep, park beautification, and safety enhancements.

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