Duke Energy has restored power to 85% of the more than 261,000 customers affected by severe storms in Greater Cincinnati over the past 48 hours. As of Thursday afternoon, about 38,861 customers remain without power, but nearly all who can safely receive service are expected to have power restored by the end of the day. The restoration effort involved over 2,000 workers and faced challenges from ongoing hazardous weather conditions. Duke Energy also committed $100,000 in grants to support local recovery efforts.
The Utilities Select Sector SPDR Fund (XLU), popular for AI-related utility exposure, has gained only 3.52% year-to-date, while the Tema Electrification ETF (VOLT), focused on electrical equipment for data centers, surged 31.68%. XLU holds mostly reg...
The Duke Energy Foundation is awarding $500,000 in grants to 20 nonprofits across North Carolina to support small businesses through microgrants and business assistance. These grants aim to help entrepreneurs grow by funding projects tailored to loca...
The Duke Energy Foundation is providing $100,000 in emergency grants to local nonprofits aiding communities hit by severe storms in Ohio and Kentucky. Funds are allocated to Freestore Foodbank, American Red Cross, and Matthew 25: Ministries to supply...
Duke Energy has restored electricity to over 171,000 customers in Ohio and Kentucky despite severe weather causing outages and damage. More than 1,000 additional workers have joined the restoration effort to repair infrastructure and clear debris. Cu...
Severe storms in Greater Cincinnati caused power outages affecting about 160,000 Duke Energy customers as of 10 p.m. on Tuesday, with damage from fallen trees, broken poles, and equipment slowing restoration. Duke Energy crews are working around the ...
