Welcome to our dedicated page for Duke Energy news (Ticker: DUK), a resource for investors and traders seeking the latest updates and insights on Duke Energy stock.
Duke Energy Corporation (NYSE: DUK) generates a steady stream of news as a Fortune 150 energy holding company with major regulated electric and natural gas utilities. This page aggregates coverage of Duke Energy’s announcements, allowing readers to follow developments affecting its multi-state operations in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, as well as its natural gas utilities in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
News about Duke Energy frequently highlights investments in electric grid upgrades, cleaner generation and customer affordability. Recent company communications describe targeted infrastructure projects in Florida that expand solar capacity, upgrade natural gas power plants, harden the grid against storms and deploy self-healing technology, with reported savings of more than $1 billion in energy costs for customers. Other updates detail changes to storm cost recovery charges and bill impacts in response to hurricanes and regulatory decisions in the Carolinas and Florida.
Investors and observers can also track Duke Energy’s progress on the energy transition through news on nuclear and advanced technologies. Examples include the DeBary Hydrogen Production Storage System in Florida, capable of producing, storing and using green hydrogen, and large battery energy storage systems at former coal plant sites in the Carolinas. Regulatory and financial news items cover rate cases, performance-based regulation proposals, production tax credit mechanisms, and scheduled earnings releases and conference calls.
Community and philanthropic initiatives are another recurring news theme, such as America250 grants from the Duke Energy Foundation and employee-driven community investments. By following Duke Energy news, readers can monitor operational decisions, regulatory outcomes, infrastructure projects, customer programs and community support efforts that shape the company’s role in the U.S. utilities sector.
Duke Energy has released new b-roll and photos of its response to Hurricane Helene. The updated media content includes footage of a Spartanburg, SC self-contained crew staging site, field interviews with lineworkers and engineers in the hardest-hit areas, and b-roll of a mobile substation being installed in the Asheville, NC area. These materials are now available for download on the Duke Energy News Center.
Duke Energy (NYSE: DUK) is a Fortune 150 company serving 8.4 million electric customers and 1.7 million natural gas customers across multiple states. The company is committed to a 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. Duke Energy is investing in grid upgrades and cleaner generation, including energy storage, renewables, natural gas, and nuclear.
Duke Energy Florida has issued estimated times of restoration for Pinellas County's barrier islands following Hurricane Helene. All customers capable of receiving power will be restored by 11:59 p.m. on Saturday, Oct. 5, with the majority restored by 11:59 p.m. on Friday, Oct. 4. The company has established a dedicated webpage, dukeenergyupdates.com/BarrierIslands, for the latest information.
Duke Energy Florida has also mobilized customer care units in severely impacted areas from Oct. 2 to Oct. 4, with representatives available to answer questions and provide account assistance at specific locations in Madeira Beach, St. Pete Beach, Clearwater Beach, and Crystal River.
Customers who cannot receive power due to property damage should contact local municipalities for guidance. Those in mainland Pinellas County, Pasco County, and other service areas can use the Outage Map and enroll in Outage Alerts for individual estimated restoration times.
Duke Energy has partnered with E2D (Eliminate the Digital Divide) to donate over 16,000 laptops to 10 historically Black colleges and universities (HBCUs) in North Carolina over three years. This initiative aims to close the digital divide and support students who arrive on campus without personal computers. On September 9, Duke Energy volunteers distributed laptops to 225 freshmen at Johnson C. Smith University (JCSU).
E2D, a Charlotte-based nonprofit, refurbishes donated laptops in student-led technology labs and has distributed at least 48,000 computers since 2013. The program not only provides essential tools for academic success but also offers workforce opportunities for high school students who gain valuable STEM skills while refurbishing the laptops.
This effort aligns with Duke Energy Foundation's focus on economic mobility and STEM education, as well as Charlotte's Mayor's Racial Equity Initiative, which aims to address systemic inequities and bridge the digital divide.
Duke Energy (NYSE: DUK) is continuing its round-the-clock power restoration efforts following the historic damage caused by Helene in the Carolinas. As of 4 p.m., the company has restored power to nearly 1.6 million customers, with 566,000 outages resolved in South Carolina and 1 million in North Carolina. However, 648,000 customers remain without power, including 363,000 in South Carolina's upstate and 284,000 in North Carolina's mountain region.
Duke Energy expects to restore power to the majority of remaining outages by Friday night, though some areas may experience longer delays due to inaccessibility or destroyed infrastructure. The company is working closely with local and state government partners to access hard-hit areas and rebuild the electricity infrastructure necessary for the region's recovery.
Duke Energy Florida continues power restoration efforts in areas hardest hit by Hurricane Helene, focusing on Madison, Pasco, and Pinellas counties. In Madison County, approximately 750 customers remain without power, while 8,700 have been restored. Pasco County has 2,700 customers without power, with 68,900 restored. Pinellas County reports 9,600 customers without power, while 409,800 have been restored.
The company has made significant progress on Pinellas County's barrier islands, energizing main power lines and restoring service to major hotels and condos. A dedicated webpage, dukeenergyupdates.com/BarrierIslands, provides the latest information for these areas. Duke Energy Florida, serving 2 million customers across a 13,000-square-mile area, emphasizes its commitment to restoring power to all customers capable of receiving it.
Duke Energy (NYSE: DUK) has restored power to 1.35 million customers in the Carolinas following Hurricane Helene. As of 4 p.m., about 443,000 customers in South Carolina's Upstate and 346,000 customers in North Carolina's mountain region remain without power. The company expects to restore the majority of the remaining 790,000 customer outages by Friday night.
Duke Energy workers are navigating unprecedented destruction and challenging conditions in the affected areas. They are removing trees, broken poles, and downed power lines, logging damaged electrical equipment, and beginning to repair and rebuild major portions of the power grid. The company's lakes along the Catawba-Wateree River Basin have reached their highest point and are expected to slowly decline over the next several days.
Duke Energy Florida has restored power for 95% of customers within 72 hours of Hurricane Helene's Category 4 landfall. The company is focusing on the hardest-hit areas, particularly the barrier islands of Pinellas County, which experienced significant storm surge impacts. A mobile command center has been deployed to Madeira Beach to begin replacing equipment and rebuilding parts of the electric grid.
Duke Energy is committed to keeping customers informed through text and email updates, a dedicated webpage for Pinellas County barrier islands, and their Outage Map. The company acknowledges that some homes and businesses may be unsafe to energize, but areas that can receive power will continue to be restored. Duke Energy Florida serves 2 million customers across a 13,000-square-mile service area in Florida.
The Duke Energy Foundation has invested over $19.5 million in emergency preparedness and response efforts across six states over the past five years. This funding aims to boost community safety and resilience through collaborative efforts with local leaders and nonprofits. The Foundation's approach includes providing advanced tools, customized training, and life-saving equipment to first responders.
Duke Energy volunteers have also contributed significantly, packing thousands of no-cost storm kits for seniors and donating $3.3 million in money and volunteer time. The funding has delivered immediate relief during crises and equipped first responders with essential tools. For example, a grant-funded drone recently helped locate a missing man in South Carolina.
As the 2024 storm season continues through November, Duke Energy and its Foundation remain prepared to support communities. Customers are encouraged to download the enhanced American Red Cross Emergency app for additional preparedness measures.
Duke Energy (NYSE: DUK) has restored power to over 1.1 million customers in the Carolinas following Hurricane Helene, with approximately 904,000 customers still without power as of 6 p.m. Sunday. The hardest-hit areas in upstate South Carolina and western North Carolina are expected to have power restored by Friday, except for inaccessible areas or those with destroyed infrastructure.
The company has deployed 18,000 workers for storm restoration efforts. Severe damage to transmission infrastructure in upstate South Carolina and the North Carolina mountains, including submerged substations and downed transmission towers, is impeding restoration efforts. Duke Energy is using helicopters, drones, and track vehicles to assess damages and continue restoration work.
The company serves over 4.5 million customers in the Carolinas and is focusing on restoring power to public health and safety facilities first. Customers are advised to be cautious with generators and to have damaged meter boxes inspected by licensed electricians before power can be reconnected.
Duke Energy Florida has restored power to 687,000 customers following Hurricane Helene, with 73,000 still experiencing outages as of 3 p.m. ET on September 29, 2024. The company aims to restore power to 95% of customers able to receive it by 11:59 p.m. tonight. Due to significant damage on Pinellas County barrier islands, Duke Energy is establishing a centralized command center in Madeira Beach to rebuild the electric grid.
While crews continue energizing parts of the barrier islands that can receive power, many structures are unsafe to energize due to extensive damage. Duke Energy Florida is committed to keeping customers informed throughout the rebuilding process and has set up a dedicated webpage for updates on Pinellas County barrier islands. Customers are encouraged to update their contact information for text and email updates.