Web24 Dec 2024 · Updated Dec 24, 2024, 6:07pm EST. It cost Duke Energy Corp.’s two Carolinas utilities more than $760 million to restore power and repair storm damage from 2024’s triple whammy of Hurricane ... Web2 Dec 2024 · CHARLOTTE, N.C. (AP) — Duke Energy electric customers in North Carolina will see a new line-item charge on their bills to repay $1 billion in special bonds the company issued last week to repay the company for its infrastructure repairs after 2024 and 2024 storms. Starting with December’s bills, a storm-recovery rider will be charged to the ...
Duke Energy seeks approval to issue bonds for nearly $1B …
Web3 Dec 2024 · The 20-year bonds, issued on Nov. 24, include storm recovery costs for hurricanes Florence, Michael and Dorian and winter storm Diego, which the utility said constituted an "unprecedented series of storms." The damage from those storms required Duke to "completely rebuild parts of the electrical system to restore power," the company … Web20 Dec 2024 · Storm Resilience and Recovery. Electric utilities are investing in technology and hardening infrastructure to minimize outages and maximize reliability. Duke Energy Florida is investing in a storm protection plan to strengthen its grid. Tropical storms flood utilities’ service territories, obliterate trees and pummel transmission and ... all i do is win no matter
Duke Energy adds new storm recovery charge to customer bills
Web5 Feb 2024 · This week, the Florida Public Service Commission (PSC) approved an interim storm restoration recovery surcharge allowing Duke Energy Florida, LLC (DEF) to recover … WebThe legislation creates the storm recovery charge and provides that the revenues generated by this charge, known as storm recovery property, is a property right that can be … Web2 Dec 2024 · The move also saves customers money, Duke Energy said Thursday. To pay for the cleanups for hurricanes Florence, Michael, and Dorian and winter storm Diego, the company issued $1 billion in... allidon camerlin