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Duke Energy Throws in Lot with Storm Victims

More than 200 Duke Energy (NYSE:DUK) employees, nonprofit partners and other volunteers joined our "Rally for Relief" event in Raleigh today to benefit western North Carolina. We packed 1,000 American Red Cross North Carolina emergency kits, 50,000 diapers in partnership with DIAPER BANK OF NORTH CAROLINA and hygiene kits in partnership with The No Woman, No Girl Initiative . These critical supplies will be transported to the mountain region in coordination with Inter-Faith Food Shuttle and MANNA FoodBank - Asheville NC. A special thank you to our friends at the United Way of the Greater Triangle of for their support in organizing this great event.

Duke, headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,600 people.

Duke Energy, to quote this morning’s news release, “is executing an ambitious clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040.”

DUK shares dropped $1.30, or 1.1%, to $115.76.