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Duke Energy Foundation donates $17,500 to American Red Cross in support of disaster relief from last week's storms

1. Duke Energy donates $17,500 to local Red Cross chapters for storm aid. 2. The funding supports communities affected by recent severe weather in Cincinnati. 3. Duke Energy Foundation contributes over $30 million annually in philanthropy. 4. The company serves over 8.4 million customers across multiple states.

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FAQ

Why Bullish?

Duke's commitment to community support can enhance its public image, potentially increasing customer loyalty and investment.

How important is it?

The donation indicates proactive community engagement, but is a relatively small financial move compared to typical market factors.

Why Short Term?

Immediate publicity from the donation may boost DUK's reputation and influence stock performance in the near term.

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, /PRNewswire/ -- Duke Energy Foundation is donating $17,500 to two local chapters of the American Red Cross providing support for those impacted by the recent severe storms and flooding across Greater Cincinnati. "Our region continues to be impacted by the storms and flooding we've seen over the last week," said Rhonda Whitaker Hurtt, vice president of community relations for Duke Energy Ohio/Kentucky. "The American Red Cross plays a key role in helping our friends and neighbors recover following tragic weather, and we are proud to support their heroic efforts during this challenging time." Duke Energy Foundation provided funding to the following organizations: American Red Cross of the Tri-State – $10,000 American Red Cross Kentucky Region – $7,500 "When natural disaster strikes our region, it's important to partner with organizations dedicated to helping our communities when they need it the most. And with that, we're grateful for Duke Energy's continued support," said Stephanie Byrd, Central and Southern Ohio Regional CEO of the American Red Cross. Duke Energy Foundation Duke Energy Foundation provides more than $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation is funded by Duke Energy shareholders.  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 8.4 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 Ohio/Kentucky Duke 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. Contact: Matt Martin24-Hour: 800.559.3853Twitter: @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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