Duke Energy Corporation - DUK STOCK NEWS

Duke Energy Florida has issued estimated times of restoration for customers affected by Hurricane Milton. With 16,000 resources working, the company expects to restore power to most customers by the following dates:

- Sunday, Oct. 13 by 11:59 p.m. for Brevard, Citrus, Hernando, Highlands, Lake, Marion, Orange, Osceola, Polk, Seminole, Sumter and Volusia Counties
- Tuesday, Oct. 15 by 11:59 p.m. for Pasco and Pinellas Counties

Customers can report outages via the Duke Energy website, mobile app, text message, or phone. The company emphasizes that power will be restored within days, not weeks. Duke Energy Florida, a subsidiary of Duke Energy (NYSE: DUK), serves 2 million customers across a 13,000-square-mile area in Florida.

Duke Energy Florida has begun power restoration efforts following Hurricane Milton's landfall. As of 9 a.m. ET, nearly 350,000 outages have been restored, with over 850,000 still existing. The company will issue estimated times of restoration for all affected customers later in the afternoon.

Duke Energy Florida has 16,000 resources supporting power restoration, with crews staged at various base camps in the hardest-hit areas. The company offers safety tips for generator use and provides multiple ways for customers to report power outages, including through their website, mobile app, text message, or phone.

Duke Energy Florida, a subsidiary of Duke Energy, supplies electricity to 2 million customers across a 13,000-square-mile service 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.

Duke Energy Florida has announced that estimated times of restoration will be issued for all customers impacted by Hurricane Milton on the afternoon of Friday, Oct. 11, less than 24 hours after the storm made landfall. The company is working to assess the damage and confirm restoration times to help customers plan accordingly.

Duke Energy is prioritizing public health and safety facilities in its restoration sequence. Customers with extensive damage or flooding may face extended outages. The company reminds customers that downed power lines are hazardous and should be avoided. For homes with flood or meter box damage, inspections by licensed electricians may be required before power can be reconnected.

Customers using generators are advised to turn them off when utility crews are in the area to ensure worker safety. Power outages can be reported through various channels, including Duke Energy's website, mobile app, text message, or phone.

Duke Energy Florida reports approximately 850,000 power outages as of 8 a.m. Thursday, Oct. 10, after Hurricane Milton hit Florida as a Category 3 storm overnight. The company expects outage numbers to increase as customers safely return home. Duke Energy Florida is conducting damage assessment and will begin a lengthy restoration process. Todd Fountain, Duke Energy Florida storm director, emphasized the storm's devastating intensity and urged customers to prepare for extended outages.

The company prioritizes restoring power to public health and safety facilities while considering how to restore service to the greatest number of customers safely and quickly. Duke Energy Florida reminds customers of safety tips, including staying away from downed power lines and reporting outages through various channels. The company also provides guidance for customers with property damage affecting their electrical systems.

Duke Energy Florida is urging customers to prepare for Hurricane Milton and extended power outages. The company is mobilizing 16,000 resources to respond to over 1 million power outages across its service territory. Crews are staging at strategic locations to begin restoration as soon as conditions allow.

Customers are advised to:

• Update their contact information with Duke Energy
• Follow safety protocols during the storm
• Report outages through various channels
• Stay informed via Duke Energy's Outage Map and Outage Alerts

Duke Energy Florida serves 2 million customers across a 13,000-square-mile service area in Florida. The company 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.

Duke Energy (NYSE: DUK) is committed to rebuilding the power grid in western North Carolina following Hurricane Helene. As of noon, approximately 83,800 customers in North Carolina and 6,500 in South Carolina remain without power. The company has restored 2.6 million customer outages in the Carolinas since Helene hit on Sept. 27.

Duke Energy is establishing a western N.C. command center to lead longer-term recovery efforts. The company has created a dedicated webpage, duke-energy.com/HeleneRecovery, to provide information and resources for impacted customers. Duke Energy is also warning customers about potential scams in the aftermath of the storm.

The company has restored over 3.1 million customer outages across six states since Helene made landfall in Florida on Sept. 26. Duke Energy continues to work with local, state, and federal agencies to coordinate rebuilding efforts, especially in the mountain region.

Duke Energy (NYSE: DUK) will release its third-quarter 2024 financial results on Thursday, Nov. 7 at 7 a.m. ET via its website. An earnings conference call for analysts is scheduled for 10 a.m. ET the same day, hosted by key executives including Lynn Good, Harry Sideris, and Brian Savoy. The call can be accessed through the company's website or by phone.

Duke Energy, a Fortune 150 company, serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states. The company is pursuing 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. This involves investments in grid upgrades and cleaner generation technologies.

Duke Energy Florida is intensifying preparations for Hurricane Milton, increasing its resource count from 10,000 to 16,000. The company is urging its 2 million customers across Florida to take appropriate safety measures before the storm's landfall. Todd Fountain, Duke Energy Florida storm director, warns that Milton's intensity is expected to be unprecedented for the Tampa Bay area.

The company is positioning 16,000 power line technicians, vegetation workers, damage assessors, and support personnel at strategic staging sites. These locations are set up along the outside of the hurricane's projected path, ready to begin safe power restoration as soon as conditions allow.

Duke Energy Florida is providing important safety tips for customers, including having an evacuation plan, locating nearby shelters, making arrangements for pets, and ensuring all electronic devices are fully charged. Customers are advised to report power outages via text, phone, online, or through the mobile app.

Duke Energy (NYSE: DUK) has declared a quarterly cash dividend of $1.045 per share on its common stock, payable on Dec. 16, 2024, to shareholders of record at the close of business on Nov. 15, 2024. The company also announced a quarterly cash dividend on its Series A preferred stock of $359.375 per share, equivalent to $0.359375 per depositary share, with the same payment and record dates.

Duke Energy has maintained a consistent cash dividend on its common stock for 98 consecutive years. The company serves 8.4 million electric customers and 1.7 million natural gas customers across several states. Duke Energy 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.