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Duke Energy prepares for potential tropical activity in Florida; encourages customers to plan ahead

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Duke Energy Florida is preparing for potential tropical storm-like weather expected this weekend and early next week. The company is monitoring conditions that could lead to heavy rain, strong winds, flooding, and widespread outages. Duke Energy's storm director, Todd Fountain, emphasized their readiness to respond quickly and safely to any disruptions.

The company provided safety and preparedness tips for customers, including:

  • Preparing for extended outages
  • Signing up for Outage Alerts
  • Understanding power restoration processes
  • Staying away from fallen power lines

Duke Energy Florida serves 2 million customers across a 13,000-square-mile area in Florida. The parent company, Duke Energy (NYSE: DUK), is executing an ambitious clean energy transition, aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

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Positive

  • Duke Energy Florida is proactively preparing for potential severe weather, demonstrating readiness to respond to customer needs
  • The company serves a large customer base of 2 million in Florida, indicating a significant market presence
  • Duke Energy is pursuing a clean energy transition, aiming for net-zero emissions, which could positively impact long-term sustainability and investor perception

Negative

  • Potential widespread outages due to tropical storm-like weather could lead to increased operational costs and temporary revenue loss
  • The uncertain nature of the approaching weather system may complicate preparation efforts and resource allocation

News Market Reaction

+1.17%
1 alert
+1.17% News Effect

On the day this news was published, DUK gained 1.17%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ST. PETERSBURG, Fla., Aug. 2, 2024 /PRNewswire/ -- Duke Energy Florida is monitoring and preparing for the approaching tropical storm-like weather expected this weekend and early next week. While the storm's projected path and intensity have been difficult to predict, conditions are favorable for heavy rain, strong winds and flooding, which could lead to widespread outages.

"Our staff of meteorologists are closely monitoring weather conditions and we are making preparations with crews and equipment to respond quickly and safely should Florida customers experience any disruptions," said Todd Fountain, Duke Energy Florida storm director. "While the storm's path and intensity are still uncertain, we are prepared to respond, and we ask our customers to take this time to prepare for any potential impacts."

Below are some recommended safety and preparedness tips:

  • Prepare in advance in case of extended outages. Visit our Storm Center to learn how to remain safe during all phases of a storm, and consider making plans for the elderly and those with special medical needs should prolonged outages occur.
  • Sign up for alerts and know how to report an outage. Receive the most up-to-date information about restoration efforts by enrolling in Outage Alerts. If you lose power, text OUT to 57801, report online or through the mobile app, or call 800.343.3525.
  • Understand how Duke Energy restores power. Duke Energy focuses on restoring power in a sequence that enables power restoration to public health and safety facilities and to the greatest number of customers as safely and quickly as possible.
  • Stay away from power lines that have fallen or are sagging. Consider all lines energized, as well as trees, limbs or anything in contact with lines. If a power line falls across a car that you are in, stay in the car. If you MUST get out of the car due to a fire or other immediate life-threatening situation, do your best to jump clear of the car and land on both feet. Be sure that no part of your body is touching the car when your feet touch the ground.

For more tips on how to prepare for severe weather, please visit duke-energy.com/StormTips, and make sure to follow the instructions and warnings of emergency management officials in your area.

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 Twitter, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-prepares-for-potential-tropical-activity-in-florida-encourages-customers-to-plan-ahead-302213473.html

SOURCE Duke Energy

FAQ

What is Duke Energy Florida doing to prepare for the potential tropical storm?

Duke Energy Florida is closely monitoring weather conditions, preparing crews and equipment to respond quickly and safely to any disruptions caused by the potential tropical storm-like weather expected this weekend and early next week.

How can Duke Energy (DUK) customers report power outages?

Duke Energy (DUK) customers can report power outages by texting OUT to 57801, reporting online or through the mobile app, or calling 800.343.3525.

What are Duke Energy's (DUK) clean energy goals?

Duke Energy (DUK) aims to achieve net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

How many customers does Duke Energy Florida serve?

Duke Energy Florida serves 2 million residential, commercial, and industrial customers across a 13,000-square-mile service area in Florida.
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