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Duke Energy completes more than 96% of power restoration in Ohio and Kentucky within 36 hours; work continues for hard-hit areas in Hamilton and Clermont counties

1. Duke Energy restored power to 96% of affected customers after severe storms. 2. Storm-related outages dropped from 69,000 to 2,400 as recovery progresses. 3. Company monitoring forecasts for additional storms that could trigger new outages. 4. Duke Energy focuses on electric grid upgrades and cleaner energy sources. 5. Duke Energy serves over 8.4 million customers across multiple states.

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FAQ

Why Bullish?

The successful restoration of power and quick recovery can positively influence customer satisfaction, while proactive storm monitoring indicates operational resilience. Historically, effective disaster recovery has bolstered investor confidence.

How important is it?

The article highlights Duke Energy's operational effectiveness and service reliability, factors that are crucial for investor perceptions and stock performance, especially in light of recent weather events.

Why Short Term?

Immediate impacts relate to customer satisfaction and operational efficiency, which can affect stock prices shortly after storm events. However, long-term impacts depend more on ongoing performance and investment initiatives.

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Storm-related outages across company's service territory are down from 69,000 to 2,400 Company watching forecasts for potential heavy rain, flooding through the weekend , /PRNewswire/ -- Duke Energy has restored power for more than 96% of its customers affected by power outages across the region as of 7 a.m. Friday. Crews continue with restoration efforts in the areas hardest hit by the high winds and heavy rains from severe weather that began late Wednesday evening. In total, storm-related power outages across the company's service territory have decreased from over 60,000 to approximately 2,400 – now largely concentrated in eastern Hamilton and Clermont counties. "Our crews are working tirelessly, and we've made significant progress, but we won't stop until every last customer who can receive power is back on line," says Clint Carnahan, general manager of emergency preparedness at Duke Energy. "We appreciate our customers' continued patience as we complete the work safely." Duke Energy is closely monitoring the weather for any incoming storms or flooding that could cause new outages. Power restoration processDuring power restoration, the company's top priority is to repair large power lines and other infrastructure that will return power to the greatest number of customers as safely, quickly and efficiently as possible. Crews then can work on repairs affecting individual neighborhoods and homes. Click here for information on how Duke Energy restores power. Outage updates The most up-to-date information about power outages, including the total number of outages systemwide and estimated times of restoration, can be accessed on Duke Energy's interactive outage map. Customers can also report and check the status of their power outage in the following ways: Text OUT to 57801 (standard text and data charges may apply). Use the Duke Energy mobile app. Download the Duke Energy App from a smartphone via Apple Store or Google Play. Visit duke-energy.com/outages on a desktop computer or mobile device. Call the automated outage-reporting system at 800.POWERON (800.343.3525). Duke Energy Ohio/KentuckyDuke Energy Ohio/Kentucky, a subsidiary of Duke Energy, provides electric service to 910,000 residential, commercial and industrial customers in a 3,000-square-mile service area, and natural gas service to 560,000 customers in a 2,650-square-mile service area, in Ohio and Kentucky. Duke EnergyDuke 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 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 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: Matt Martin 24-Hour: 800.559.3853 Twitter: @DukeEnergyOH_KY 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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