trending Market Intelligence /marketintelligence/en/news-insights/trending/u466sdgh7_2n_kbhnvwbaa2 content esgSubNav
In This List

Duke Energy closing in on remaining outages caused by Hurricane Michael

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Insight Weekly: Soaring food prices; bankruptcies reach new low; insurtech M&A to accelerate

Blog

Essential Energy Insights - November 2021

Blog

European Energy Insights October 2021


Duke Energy closing in on remaining outages caused by Hurricane Michael

Duke Energy Corp. plans to restore electricity by the evening of Oct. 16 to most of its remaining customers in North Carolina and South Carolina impacted by Hurricane Michael.

About 8,000 Duke Energy customers remain without power in Caswell, Guilford, Rockingham and Wake counties, N.C. The company said it plans to restore power to most customers whose homes can receive it in those areas by 11:45 p.m. ET, Oct. 16.

Duke said it has so far replaced nearly 800 utility poles and 350 transformers, and restrung 2,300 power lines, according to a news release.

Also, in a separate news release, the company said it was offering flexible bill payment arrangements for the victims. Duke Energy waived late payment fees for the next two months for affected customers.

Additionally, Duke Energy donated $350,000 to relief organizations in Florida and matched the donations by its employees.