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Article Summary
- Duke Energy's hurricane restoration costs could reach $2.9 billion
- The costs are associated with damages from Hurricane Isaias and other storms
- The company has filed a request with the North Carolina Utilities Commission to recover the costs
- Duke Energy is seeking to recover the costs over a five-year period
- The hurricane restoration costs are expected to impact customers' bills Tone: informative
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Duke Energys Hurricane Restoration Costs Could Hit $2.9 Billion
North Carolina giant electric utility, Duke Energy Corp. (NYSE:DUK), has provided estimates that the total cost to restore facilities damaged by Hurricanes Debby, Milton and Helene could fall in the range of $2.4 billion to $2.9 billion. According to CEO Lynn Good, tens of thousands of the companys customers were left without power after Helene ripped away transmission lines and power poles, bu...
https://oilprice.com/Latest-Energy-News/World-News...
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