Advanced tools, customized training and life-saving equipment boost community safety and resiliency during ongoing storm season and beyond CHARLOTTE, N.C., Sept. 12, 2024 /PRNewswire/ -- Just as Duke Energy makes extensive preparations ahead of severe weather and other emergencies, Duke Energy Foundation is committed to helping ensure its communities are well prepared before disaster strikes. During the past five years, Duke Energy Foundation has invested over $19.5 million in emergency preparedness and res ...

Grid improvements producing record-breaking reliability ST. PETERSBURG, Fla., Sept. 10, 2024 /PRNewswire/ -- Duke Energy's year-round grid-strengthening work and advanced technology help keep Florida communities resilient and better protected against disasters such as hurricanes. "Regardless of when and where the next storm strikes," said Melissa Seixas, Duke Energy Florida state president, "Duke Energy is ready, and we encourage our customers to take this time to reassess and communicate their emergency re ...

If approved, a 1,000 kWh residential customer bill will decrease by $9.77 ST. PETERSBURG, Fla., Sept. 5, 2024 /PRNewswire/ -- Duke Energy Florida requested to lower rates and decrease customer bills in January 2025 as part of an annual adjustment for the cost of fuel used to generate electricity at the company's power plants. The company plans to decrease Florida residential rates by approximately 6%, while making grid improvements to enhance reliability, security and resilience in 2025 and beyond. Rates fo ...

Grants will support 15 economic development organizations working to attract businesses to the state ST. PETERSBURG, Fla., Aug. 29, 2024 /PRNewswire/ -- The Duke Energy Foundation is investing $200,000 in grants to support 15 economic development organizations working to attract business to the state and bolster Florida's vibrant economy. "Companies often consider establishing, expanding or relocating their operations to Florida because of the state's economic strength," said Melissa Seixas, Duke Energy Flo ...

Falling fuel prices result in lower customer rates Bill for typical residential customer will be 23% below national average CHARLOTTE, N.C., Aug. 28, 2024 /PRNewswire/ -- Duke Energy Carolinas customers in North Carolina will see their electric rates fall starting Jan. 1 as part of an annual adjustment for the cost of fuel used to generate electricity at its power plants. A typical residential customer in North Carolina using 1,000 kilowatt-hours (kWh) per month will see an overall decrease of $5.17, or abo ...

ST. PETERSBURG, Fla. and TAMPA, Fla., Aug. 27, 2024 /PRNewswire/ -- While restoration is a critical part of Duke Energy Florida's and Tampa Electric's everyday work and hurricane response plans, this is the first time the two local utilities have combined resources to protect Tampa Bay's ecosystems and increase environmental resilience within the region. Today, more than 40 volunteers, employees and environmental experts from Duke Energy Florida, Tampa Electric, Coastal Conservation Association (CCA) Florid ...

CINCINNATI, Aug. 27, 2024 /PRNewswire/ -- With temperatures soaring across the Midwest this week, Duke Energy has tips to help you take control of your energy use while keeping you and your family cool. High temperatures can lead to higher energy usage and higher bills as Duke Energy customers try to stay cool. To help manage costs and to reduce overall energy demand, particularly during the afternoon hours when usage tends to peak, customers can follow these simple tips: Set your thermostat at the highest ...

Core Points - The Florida Public Service Commission approved Duke Energy Florida's multiyear rate agreement, which is expected to result in a 5% savings on typical residential electric bills by January 2025 compared to December 2024 [1][2] - The agreement allows for an average annual bill increase of 2% over three years, but the expiration of certain costs by the end of 2024 will lead to lower customer bills in 2025 [4] - Duke Energy Florida aims to invest in reducing outages, improving response times, and increasing clean energy generation while serving 2 million customers [3][6] Company Overview - Duke Energy Florida, a subsidiary of Duke Energy, has an energy capacity of 12,300 megawatts and serves a diverse customer base across a 13,000-square-mile area in Florida [6] - Duke Energy is one of America's largest energy holding companies, serving 8.4 million customers across multiple states and owning a total capacity of 54,800 megawatts [7] - The company is committed to a clean energy transition, targeting net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050 [8]

New facility will provide additional training location to teammates that play a key role in upgrading and maintaing critical power grid infrastructure across Florida ST. PETERSBURG, Fla., Aug. 20, 2024 /PRNewswire/ -- Today, Duke Energy joined community leaders in Sumter County to celebrate the groundbreaking of the company's new Wildwood Training Center, a state-ofthe-art facility that will support the teams and systems that play a vital role in powering Florida communities. The announcement event included ...

D-Keine There have been several recent articles describing utility firm Duke Energy (NYSE:DUK) as an unattractive long-term defensive investment. However, within the overriding investment attributes of geographic diversity, favorable regulatory oversight by the gatekeepers of utility profitability, and a reasonable growth profile, Duke Energy should be considered as a high quality, core utility holding worthy of investor's capital at any point throughout the economic cycle. My recommendation is for non-shar ...