Duke Energy sees up to $2.9-billion in restoration costs from three U.S. hurricanes [Globe and Mail, The (Toronto, Canada)]
Duke Energy Corporation (Holding Company) (DUK)
Last duke energy corporation (holding company) earnings: 2/13 07:00 am
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Source: Globe and Mail, The
decrease said on Thursday it estimates the total cost to restore facilities damaged by Hurricanes Debby, Milton and Helene to be in the range of $2.4-billion to $2.9-billion. Duke, the largest utility covering North and South Carolina, recorded tens of thousands of customers left without power after Helene ripped away thousands of miles of transmission lines and power poles. The company also suffered outages and infrastructure damage post-Hurricanes Debby and Milton. Total storm restoration costs for all three hurricanes, including capital expenditures, are estimated to be in the range of $2.4-billion to $2.9-billion, Duke said. The costs will be recognized in the third and fourth quarters of this year and may change as restoration work is completed. The company restored 5.5 million outages during the “historic storm season,” CEO Lynn Good said in a statement. The electric and gas utility's third-quarter profit fell short of Wall Street estimates on Thursday, hurt by cost
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DUK
Earnings
- 11/8/24 - Miss
DUK
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- DUK's page on the SEC website