Duke Energy Estimates $2.9 Billion in Restoration Costs

Duke Energy sees up to $2.9 bln in hurricane restoration costs
Duke Energy said on Thursday it estimates the total cost to restore facilities damaged by Hurricanes Debby, Milton and Helene to be in the range of $2.4 billion to $2.9 billion.
Duke Energy foresees as much as $2.9B in hurricane restoration costs
Duke Energy (NYSE:DUK) -1.5% in Thursday's trading after reporting lower than expected Q3 adjusted earnings, weighed by costs related to storm restoration and higher interest expenses. Duke (DUK) restored 5.
Duke Energy’s Hurricane Restoration Costs Could Hit $2.9 Billion
North Carolina giant electric utility, Duke Energy Corp. has provided estimates that the total cost to restore facilities damaged by Hurricanes Debby, Milton and Helene could fall in the range of $2.4 billion to $2.
Duke Energy storm costs could top $1.1 billion
Duke Energy, the Florida utility’s parent, also faced restoring power after Debby and Helene in areas it serves in North Carolina and South Carolina. Thursday’s quarterly report said Duke estimates overall costs from the three storms of $2.4 billion to $2.9 billion.
Duke Energy sees up to $2.9 billion in hurricane restoration costs
Duke Energy said on Thursday it estimates the total cost to restore facilities damaged by Hurricanes Debby, Milton and Helene to be in the range of $2.4 billion to $2.9 billion.Duke, the largest utility covering North and South Carolina,
After Hurricanes, Duke Energy Estimates $2.9 Billion in Restoration Costs
After hurricanes Debby, Milton and Helene, a leading energy producer in the South puts a price tag on replacing lost equipment and turning the lights back on in affected areas.
Regulators OK Duke Energy's gas-plant buildout despite N.C. climate law
This story was first published by Energy News Network . North Carolina regulators on Friday accepted Duke Energy’s ...
Duke Energy's new 2 GWs of US data centers to include minimum take agreements, CFO says
Duke Energy will include take-or-pay provisions in its agreements for two new gigawatts of U.S. data centers in its territory ...
Duke Energy to Revisit Coal Plans If Trump Axes Pollution Rules
Duke Energy Corp. said it would consider shifting its plans for coal plants if Donald Trump follows through on his promises ...
Insider Monkey on MSN14h
Why Is Duke Energy Corporation (DUK) Among the Best Electricity Utility Stocks to Invest In Now?
We recently compiled a list of the 10 Best Electric Utility Stocks To Invest In. In this article, we are going to take a look ...
Business Insider1d
Duke Energy reports Q3 adjusted EPS $1.62, consensus $1.69
“I am proud of the remarkable response from our employees and utility partners to a historic storm season, including three consecutive hurricanes,” said Lynn Good, Duke Energy (DUK) chair and ...
dailyenergyinsider1d
Duke Energy Florida’s lower-rates request approved by state regulators
A request by Duke Energy Florida to lower rates and decrease customer bills in January 2025 received approval Nov. 5 from the ...
North Carolina OKs Duke Energy plan to add 3.6 GW gas-fired capacity, 7 GW renewables
The company also plans to add 1,100 MW of battery storage, 1,834 MW of pumped storage hydropower and is working to place 600 ...
Duke Energy bills likely to go up to pay for Helene recovery
Duke Energy tells 5 On Your Side that later this year, they will ask the North Carolina Utilities Commission to let them ...