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Duke Energy's Share the Light Fund offers nearly $300,000 in bill assistance to Indiana customers facing financial hardship this winter season

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Duke Energy Indiana is allocating nearly $300,000 in financial assistance through its Share the Light Fund to help customers with winter energy bills. The fund, supported by Duke Energy shareholders, customers, and employees, allows qualifying customers to receive up to a $300 annual account credit. Over the past year, the company has provided more than $650,000 in energy bill assistance to over 2,000 Indiana households. Eligibility is based on income, family size, and resource availability. The company partners with the Indiana Community Action Association to distribute funds and offers additional tools including Usage Alerts and free Home Energy House Calls to help customers manage energy consumption.

Duke Energy Indiana sta destinando quasi 300.000 dollari in assistenza finanziaria attraverso il suo Fondo Share the Light per aiutare i clienti con le bollette energetiche in inverno. Il fondo, sostenuto dagli azionisti, dai clienti e dai dipendenti di Duke Energy, consente ai clienti idonei di ricevere fino a 300 dollari di credito annuale sul conto. Nell'ultimo anno, l'azienda ha fornito oltre 650.000 dollari in assistenza per le bollette energetiche a più di 2.000 famiglie dell'Indiana. L'idoneità è basata sul reddito, sulla dimensione della famiglia e sulla disponibilità delle risorse. L'azienda collabora con l'Indiana Community Action Association per distribuire i fondi e offre strumenti aggiuntivi tra cui Avvisi di Consumo e visite domiciliari gratuite per la gestione dell'energia, per aiutare i clienti a controllare il consumo energetico.

Duke Energy Indiana está destinando casi 300.000 dólares en asistencia financiera a través de su Fondo Share the Light para ayudar a los clientes con las facturas de energía durante el invierno. El fondo, respaldado por los accionistas, clientes y empleados de Duke Energy, permite a los clientes calificados recibir hasta 300 dólares de crédito anual en su cuenta. En el último año, la empresa ha proporcionado más de 650.000 dólares en asistencia para facturas de energía a más de 2.000 hogares en Indiana. La elegibilidad se basa en los ingresos, el tamaño de la familia y la disponibilidad de recursos. La empresa colabora con la Asociación de Acción Comunitaria de Indiana para distribuir los fondos y ofrece herramientas adicionales como Alertas de Uso y visitas domiciliarias gratuitas para ayudar a los clientes a gestionar el consumo de energía.

듀크 에너지 인디애나는 겨울철 에너지 요금을 지원하기 위해 Share the Light 기금을 통해 거의 30만 달러의 재정 지원을 배정하고 있습니다. 이 기금은 듀크 에너지의 주주, 고객 및 직원들이 지원하며, 자격이 있는 고객은 최대 300달러의 연간 계좌 크레디트를 받을 수 있습니다. 지난 1년 동안 이 회사는 인디애나의 2,000개 이상의 가정에 65만 달러 이상의 에너지 요금 지원을 제공했습니다. 자격 요건은 소득, 가족 규모 및 자원 가용성에 기반합니다. 이 회사는 인디애나 커뮤니티 액션 협회와 협력하여 기금을 분배하고 고객이 에너지 소비를 관리할 수 있도록 사용 알림 및 무료 홈 에너지 방문 서비스와 같은 추가 도구를 제공합니다.

Duke Energy Indiana alloue près de 300 000 dollars d'aide financière par le biais de son Fonds Share the Light pour aider les clients à payer leurs factures d'énergie en hiver. Le fonds, soutenu par les actionnaires, les clients et les employés de Duke Energy, permet aux clients éligibles de recevoir jusqu'à 300 dollars de crédit annuel sur leur compte. Au cours de l'année écoulée, l'entreprise a fourni plus de 650 000 dollars en aide pour les factures d'énergie à plus de 2 000 foyers de l'Indiana. L'éligibilité est basée sur le revenu, la taille de la famille et la disponibilité des ressources. L'entreprise s'associe à l'Indiana Community Action Association pour distribuer les fonds et propose des outils supplémentaires comme des alertes de consommation et des visites à domicile gratuites pour aider les clients à gérer leur consommation d'énergie.

Duke Energy Indiana stellt fast 300.000 Dollar an finanzieller Unterstützung über seinen Share the Light-Fonds bereit, um Kunden bei ihren Winterstromrechnungen zu helfen. Der Fonds, unterstützt von den Aktionären, Kunden und Mitarbeitern von Duke Energy, ermöglicht es qualifizierten Kunden, bis zu 300 Dollar jährlichen Guthaben auf ihrem Konto zu erhalten. Im vergangenen Jahr hat das Unternehmen über 650.000 Dollar an Unterstützung für Stromrechnungen an über 2.000 Haushalte in Indiana bereitgestellt. Die Berechtigung basiert auf Einkommen, Familiengröße und Verfügbarkeit von Ressourcen. Das Unternehmen arbeitet mit der Indiana Community Action Association zusammen, um die Mittel zu verteilen, und bietet zusätzliche Werkzeuge wie Verbrauchswarnungen und kostenlose Hausbesuche zur Energieberatung an, um den Kunden zu helfen, den Energieverbrauch zu verwalten.

Positive
  • Provided over $650,000 in energy bill assistance to 2,000+ Indiana households last year
  • Strong presence in Indiana with 6,300 megawatts of owned electric capacity serving 900,000 customers
Negative
  • None.

Insights

The $300,000 bill assistance program, while beneficial for customer relations, represents a minimal financial impact on Duke Energy's operations given their $90.4B market cap. The program's cost is partially offset by shareholder and voluntary contributions, further reducing the direct financial burden. The initiative serves approximately 2,000 households with up to $300 credit each, demonstrating Duke's commitment to customer retention and regulatory compliance in Indiana, where they serve 900,000 customers. While positive for ESG metrics and public relations, this program's scale is too small to materially impact Duke Energy's financial performance or stock value.

  • Qualifying Duke Energy customers can receive up to a $300 account credit annually
  • Over the last year, Duke Energy has supported more than 2,000 Indiana households with more than $650,000 in energy bill assistance

PLAINFIELD, Ind., Dec. 2, 2024 /PRNewswire/ -- Duke Energy Indiana is dedicating nearly $300,000 in financial assistance to help its customers in need pay their energy bills this winter season. The Share the Light Fund is supported by Duke Energy shareholders and voluntary contributions from customers and employees.  

"Duke Energy's Share the Light Fund is available to those who may be struggling to make ends meet," said Stan Pinegar, president of Duke Energy Indiana. "We work hand in hand with local community action agencies to connect our customers with available assistance, offer programs and tools to help manage their energy use and provide financial support during times of economic hardship."

Duke Energy works with the Indiana Community Action Association to distribute funds to qualifying customers to pay energy bills, deposits and reconnection/connection charges.

Eligibility for the Share the Light Fund is based on income, family size and the availability of resources. Customers can receive up to a $300 credit annually on their account. Individuals should contact their local community action agency to see if they are eligible. Click here to find a listing of service providers by county.

Savings programs and assistance

Duke Energy offers a number of other tools and resources to help customers take control of their energy use and save money, including:

  • Usage Alerts that send customers a notification of how much electricity they are using and its cost so they can make adjustments before their billing period ends

  • Free Home Energy House Calls, where energy professionals assess a home in-person or virtually for efficiency and provide customers with a toolkit of energy-saving devices

  • Installment payment plans for customers needing flexibility

To learn more about these programs, visit duke-energy.com/SeasonalSavings.

Duke Energy Indiana

Duke Energy Indiana, a subsidiary of Duke Energy, provides about 6,300 megawatts of owned electric capacity to approximately 900,000 customers in a 23,000-square-mile service area, making it Indiana's largest electric supplier.

Contact: Tina Noel
24-Hour: 800.559.3853

 

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SOURCE Duke Energy

FAQ

How much assistance can Duke Energy (DUK) customers receive through the Share the Light Fund in 2024?

Qualifying Duke Energy customers can receive up to a $300 credit annually on their account through the Share the Light Fund.

How much is Duke Energy (DUK) allocating for bill assistance in Indiana for winter 2024?

Duke Energy is dedicating nearly $300,000 in financial assistance to help Indiana customers pay their energy bills this winter season.

What is Duke Energy's (DUK) customer base in Indiana?

Duke Energy serves approximately 900,000 customers in a 23,000-square-mile service area in Indiana, making it the state's largest electric supplier.

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