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As summer approaches, Duke Energy dedicates $200,000 to help low-income Hoosiers manage home energy costs

1. Duke Energy allocated $200,000 to assist customers in financial hardship this summer. 2. The Share the Light Fund has supported nearly 15,000 Indiana households over five years. 3. Duke Energy assists cost management amid rising energy bills and temperatures. 4. Various resources help customers manage energy usage and save money effectively. 5. Duke Energy is committed to building a reliable and cleaner energy future.

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FAQ

Why Bullish?

The funding initiative solidifies customer loyalty and positive public perception, vital for DUK's long-term growth, echoing previous successful community support efforts that have strengthened its market position.

How important is it?

The financial assistance and focus on community support indicate strong brand loyalty efforts, which are crucial during economic downturns, likely enhancing investor confidence in DUK's resilience.

Why Short Term?

The immediate relief offered can lead to short-term customer retention, while broader initiatives suggest a longer-term corporate responsibility, akin to past community support that favored stock performance during peak seasons.

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Over the last five years, Duke Energy's Share the Light Fund® has provided more than $4 million of assistance, supporting nearly 15,000 Indiana households , /PRNewswire/ -- Duke Energy Indiana is dedicating $200,000 to its Share the Light Fund to support customers facing financial hardship this summer. The funding aims to help families and individuals manage their energy costs amid rising temperatures and higher energy use. "The financial assistance we offer through the Share the Light Fund helps connect customers in need to resources to help pay their electric bills and stay cool through the summer," said Stan Pinegar, president of Duke Energy Indiana. "We appreciate our longtime partnership with statewide community action agencies who help identify customers in need and distribute the funds." Duke Energy works with the Indiana Community Action Association to provide up to $300 to qualifying customers to help pay energy bills, deposits and reconnection/connection charges. Individuals should contact their local community action agency to see if they are eligible. Visit incap.org/energy-assistance to find a listing of service providers by county. "High seasonal energy bills can cause financial strain for families experiencing economic hardship," said Ed Gerardot, executive director of the Indiana Community Action Agency. "With the support of partners like Duke Energy, we're extending a helping hand to people who are facing tough times by connecting them with resources to offset their expenses and increase their financial stability." Over the last five years, Duke Energy shareholders, its employees and voluntary contributions from customers have provided more than $4 million in bill assistance through the Share the Light Fund, which has helped support nearly 15,000 Indiana households. Duke Energy offers more than a dozen tools and resources to help customers take control of their energy use – and save money – while trying to stay cool. They include: Usage Alerts that send customers a notification of how much electricity they are using and its cost so they can make adjustments before their billing period ends Free Home Energy House Calls, where energy professionals assess a home for efficiency and provide homeowners with a toolkit of energy-saving devices Interest-free payment plans and due date extensions for customers needing flexibility To learn more about these programs, visit duke-energy.com/HereToHelp. Duke Energy Indiana Duke Energy Indiana, a subsidiary of Duke Energy, provides about 6,300 megawatts of owned electric capacity to approximately 910,000 customers in a 23,000-square-mile service area, making it Indiana's largest electric supplier. Duke Energy Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage. More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition. Contact: McKenzie Barbknecht24-Hour: 800.559.3853 SOURCE Duke Energy WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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