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Duke Energy prepares for cold snap in the Carolinas; offers ways customers can save energy and money

1. Duke Energy prepares for a cold snap impacting energy demand in the Carolinas. 2. The company promotes energy-saving tips to help customers reduce costs. 3. Duke Energy aims for net-zero emissions by 2030 for methane and 2050 for carbon. 4. They are investing in grid upgrades and cleaner energy sources significantly. 5. Duke Energy serves 8.4 million customers across multiple states.

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FAQ

Why Bullish?

Increased energy demand during cold weather may boost DUK's revenue.

How important is it?

Duke's preparations indicate proactive management amid changing weather, positively influencing customer trust.

Why Short Term?

Impacts are expected during the upcoming cold snap; effects may normalize afterward.

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CHARLOTTE, N.C., Jan. 17, 2025

/PRNewswire/ -- Duke Energy is monitoring forecasts and preparing for a cold snap next week across the Carolinas. Temperatures could dip to the single digits in some areas.

Ways to save energy and money as temperatures drop

Duke Energy is here to help our customers take control of their energy use and save money through no-cost, low-cost energy efficiency tips.

Low- to no-cost energy-saving tips

Get more tips, learn about incentives and sign up for usage alerts and other tools to save money at duke-energy.com/WinterEnergySavings.

About 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 8.4 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 clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in major electric grid upgrades and cleaner generation, including expanded energy storage, renewables, natural gas and nuclear.

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.

24-Hour: 800.559.3853

SOURCE Duke Energy

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