Duke Energy Corp - DUK STOCK NEWS

Duke Energy is taking proactive measures ahead of Hurricane Ian’s arrival in the Carolinas, announcing preparations for potential power outages due to expected high winds and heavy rainfall. The company has deployed 5,200 local responders, including technicians and damage assessors, across its service areas. To mitigate flooding risks, Duke Energy has been lowering lake levels to accommodate rainfall. Residents are advised to prepare for outages, monitor local emergency updates, and utilize tools like the Duke Energy outage map for real-time information.

Duke Energy is launching four electric vehicle (EV) pilot programs in Indiana, approved by the Indiana Utility Regulatory Commission, starting Oct. 1 for two years. These programs aim to understand EV adoption impacts, customer charging preferences, and grid benefits. Key offerings include an Off-Peak Charging Credit providing up to $400 over two years, a Commercial Charger Rebate with incentives up to $500 per charging station, a Fleet Advisory for fleet transition assistance, and partial funding for electric school buses. This initiative coincides with National Drive Electric Week running from Sept. 23 to Oct. 2.

Duke Energy is preparing for Hurricane Ian, which is expected to impact the Carolinas with heavy rain and winds. The company has crews and resources strategically positioned to respond to potential outages. Duke Energy has implemented smart technologies that have so far saved customers over 1 million hours of outage time this year alone. Customers are encouraged to prepare for potential outages by creating emergency kits and following safety guidelines. The company's commitment to enhancing the electric grid aims to reduce storm impacts and improve service restoration times.

Duke Energy Indiana has selected three properties in Hamilton, Hendricks, and Putnam counties for its 2022 Site Readiness Program. This program prepares high-potential business and industrial sites for economic development investments and markets them nationwide. The selected locations include the Innovation Mile in Hamilton County, Avon Logistics Center in Hendricks County, and Harrold Farm Site in Putnam County. Duke Energy's Site Readiness Program has resulted in 16 project wins in Indiana since 2013, bringing in more than 5,500 new jobs and $5.3 billion in capital investment.

Duke Energy (NYSE: DUK) will host a virtual presentation on Oct. 4, 2022, from 10 a.m. to 12 p.m. ET, to discuss its progress in delivering affordable and reliable clean energy. Key executives, including Lynn Good and Brian Savoy, will detail the company’s long-term strategy and business initiatives. The presentation can be accessed via the investor section of Duke Energy’s website or through a direct call. The company is committed to achieving net-zero carbon emissions by 2050 and has significant investments in clean energy technologies and grid enhancements.

Duke Energy is preparing for Hurricane Ian's impact on Florida's west coast by mobilizing nearly 10,000 personnel, including lineworkers and tree professionals, to restore power swiftly. As the storm approaches, the company emphasizes customer safety and advises residents to prepare for potential extended power outages. Duke Energy's strategy includes staging resources for rapid response and prioritizing public health and safety facilities during power restoration. With effective monitoring and communication, Duke Energy aims to mitigate storm impacts on its service areas.

Duke Energy (NYSE: DUK) has launched a Charger Prep Credit program to support customers in North Carolina with costs up to $1,133 for upgrading electrical infrastructure for EV chargers. This initiative aligns with National Drive Electric Week, running from Sept. 23 to Oct. 2, aimed at promoting electric vehicle adoption. Customers can choose contractors for the upgrades, excluding charger hardware costs. This move is part of Duke Energy's efforts to facilitate EV accessibility while committing to a clean energy transition by targeting net-zero carbon emissions by 2050.

Duke Energy Florida emphasizes preparedness during National Preparedness Month, encouraging customers to prepare for hurricanes and outages. The company shares safety tips and details on reporting outages, highlighting the importance of maintaining updated contact information for timely notifications. Duke Energy prioritizes storm preparedness year-round, investing in grid reliability and safety measures. The company serves 1.9 million customers across a 13,000-square-mile area and is actively transitioning to cleaner energy sources, aiming for net-zero carbon emissions by 2050.