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4-Traders Homepage  >  Equities  >  Nyse  >  Duke Energy Corp    DUK

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Duke Energy : Foundation increases Hurricane Irma relief contributions to $1 million

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09/28/2017 | 07:26pm CEST

ST. PETERSBURG, Fla., Sept. 28, 2017 /PRNewswire/ -- To assist its communities, customers and neighbors devastated by Hurricane Irma, Duke Energy today increased its contribution to relief agencies to $1 million.

The company announced a donation of $750,000 to assist organizations and agencies that provide services during disaster relief; adding to its $250,000 donation on Sept. 11 to the Volunteer Florida Foundation - Florida Disaster Fund, the state's official private fund established to assist Florida communities with response and recovery activities.

"We are in this together," said Harry Sideris, Duke Energy Florida state president. "During and after Hurricane Irma, our customers across the state faced economic hardships through lost wages, home displacement and widespread devastation. As we begin to recover, these additional dollars will support communities and individual families in need."

The funds will be distributed in the following ways to assist communities through state, regional and local organizations:

    --  $350,000: Local community agencies in Duke Energy's service territories
        in Florida through community partnerships.

    --  $250,000: Volunteer Florida Foundation - Florida Disaster Fund to assist
        Florida communities with response and recovery activities.

    --  $250,000: 14 United Way agencies serving Duke Energy communities,
        including Heart of Florida United Way, United Way Suncoast, United Way
        of Central Florida, United Way Volusia and Flagler, United Way of Pasco,
        United Way of Lake and Sumter, United Way of Marion County, United Way
        of Citrus County, United Way of Big Bend, United Way of North Central
        Florida, United Way of Hernando County, United Way of Northwest Florida,
        United Way of Suwannee Valley and United Way of Brevard.
    --  $150,000: Duke Energy's Energy Neighbor Fund to assist eligible Duke
        Energy customers in Florida with their home energy bill during times of
        crisis.

"Hurricane Irma ripped through our state, leaving many with their lives in shambles," said Jeff Hayward, President and CEO, Heart of Florida United Way. "We've heard the desperation in the voices of the 15,250 callers we've had reach out to the 2-1-1 Crisis Line during and following the storm. But we've also heard the relief and gratitude expressed as a result of a little help. We are thankful for Duke Energy's contribution and commitment to providing continued support to our communities throughout Florida."

The Duke Energy Foundation is also matching employee donations to hurricane relief efforts, resulting in a company match of more than $108,000 for hurricanes Harvey and Irma for a total donation of $216,000.

For additional information on Duke Energy's community giving programs, visit duke-energy.com/foundation.

About Duke Energy Foundation
The Duke Energy Foundation provides philanthropic support to address the needs of the communities where its customers live and work. The Foundation provides more than $30 million annually in charitable gifts. The Foundation's education focus spans kindergarten to career, particularly science, technology, engineering and math (STEM), early childhood literacy and workforce development. It also supports the environment and community impact initiatives, including arts and culture.

Duke Energy employees and retirees actively contribute to their communities as volunteers and leaders at a wide variety of nonprofit organizations. Duke Energy is committed to building on its legacy of community service. For more information, visit duke-energy.com/foundation.

Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com.

The Duke Energy News Center serves as a multimedia resource for journalists and features news releases, helpful links, photos and videos. Hosted by Duke Energy, illumination is an online destination for stories about people, innovations, and community and environmental topics. It also offers glimpses into the past and insights into the future of energy.

Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Contact: Peveeta Persaud
Office: 727.820.5592
24-Hour: 800.559.3853
Twitter: @DE_PeveetaP

View original content with multimedia:http://www.prnewswire.com/news-releases/duke-energy-foundation-increases-hurricane-irma-relief-contributions-to-1-million-300527723.html

SOURCE Duke Energy

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