Duke Energy Corp Stock Price, News & Analysis

Duke Energy emphasizes customer protection against utility scams on Utility Scam Awareness Day, November 16. With over 150,000 scam attempts reported in 2022, the company partners with North American utilities to combat this issue. Scam tactics are evolving, targeting vulnerable customers with threats of service disconnection and requests for immediate payment. Duke Energy reassures customers that they will never demand immediate payments or sensitive information over the phone. The company continues to educate customers to decrease the victimization rate, which has dropped to under 1% in 2022 from 9% in 2015.

Duke Energy Florida quickly restored power to over 287,000 customers in just 12 hours following Hurricane Nicole, which impacted a large portion of its service area. With a workforce of 5,000 and preparations for the storm, the company achieved a restoration rate of 98%. The hurricane was notable as the first November hurricane to hit Florida since 1985. Final power restorations are expected to be completed by 10 p.m. on the same day. Duke Energy Florida serves 1.9 million customers across a 13,000-square-mile area.

Duke Energy Florida reports that as of 9:30 a.m. today, approximately 14,000 customers remain without power due to Tropical Storm Nicole. Restoration efforts have already successfully restored power to over 250,000 customers. The company anticipates restoring power to most remaining customers by 10 p.m. tonight, with earlier restorations expected for some areas. The focus will be on the panhandle and heavily affected regions like Pinellas and Volusia counties. Safety tips for customers during outages are provided, alongside restoration reporting methods.

Duke Energy is actively restoring power to customers in Florida affected by Tropical Storm Nicole, having already restored service to over 160,000 customers. The company anticipates that by midnight, 90% of customers in the first areas cleared by the storm will have power restored. As of 3 p.m., approximately 83,000 customers remain without power out of the 1.9 million served in the state. Restoration efforts are underway, and estimated times will be provided to customers as conditions improve.

Duke Energy has issued a warning as Tropical Storm Nicole approaches the Carolinas, anticipating heavy rains and gusty winds that may lead to potential outages. The company has mobilized around 6,000 line and tree workers to respond swiftly to any outages caused by the storm. Historical improvements to the grid, including the installation of self-healing technology, have significantly enhanced resilience against weather impacts, as demonstrated during Hurricane Ian. Customers are encouraged to prepare for possible outages and stay informed through official channels.

Duke Energy Florida is advising customers to stay safe as Tropical Storm Nicole impacts the region, leading to widespread power outages. High winds and heavy rain are anticipated to cause further outages throughout the day. Once conditions permit, repair crews will begin restoring power. Customers are urged to report downed power lines and follow safety guidelines during outages. Duke Energy serves 1.9 million customers across Florida and is committed to a clean energy transition with significant carbon emission reduction targets.

Duke Energy (NYSE: DUK) has secured a $22 million utility energy services contract to design and build a microgrid at Marine Corps Base Camp Lejeune. This project includes a 5 MW natural gas generation system, a 5.4 MW battery energy storage system, and upgraded electrical infrastructure aimed at enhancing energy resiliency. Funded by the Energy Resilience Conservation Investment Program, this initiative will bolster the base's electrical capabilities to withstand power outages due to weather-related events.

Duke Energy Florida is preparing for potential power outages caused by Tropical Storm Nicole by staging approximately 5,000 workers throughout the state. Crews from various states will assist in restoration efforts once conditions allow. The storm is expected to impact areas still recovering from Hurricane Ian, prompting Duke Energy to monitor resources closely. Customers are advised to prepare for outages and stay informed through various communication channels. The company aims to provide timely updates on power restoration efforts.

Duke Energy (DUK) is preparing for potential impacts from Subtropical Storm Nicole in Florida, urging customers to take precautions. The storm may lead to significant power outages due to damaging winds and heavy rain. Crews and resources are strategically positioned across Florida to ensure prompt response and power restoration. Duke Energy has invested in smart, self-healing technologies that aided in restoring over 160,000 outages during Hurricane Ian. The company aims to enhance self-healing capabilities from 59% to 80% of its customers within the next few years.