CHARLOTTE, N.C. - Duke Energy Carolinas has distributed $11 million to more than 50 assistance agencies across its North Carolina service territory.
The funds, from shareholders, are designed to assist low-income residents in North Carolina with energy-related costs.
"We recognize we're in challenging economic times. These contributions will provide a safety net for people who may be struggling to pay their electric bills," said Brett Carter, Duke Energy state president - North Carolina. "From assistance with bill payments and deposits to basic home weatherization projects, these funds will make a significant impact in helping manage energy costs."
As part of the settlement agreement in the company's request to increase rates in North Carolina, Duke Energy agreed to provide the shareholder contribution to help offset the impact for some of its most vulnerable customers.
The funds were distributed by the Foundation for the Carolinas to a wide range of social service agencies, crisis centers and other support organizations that provide help paying power bills.
For a list of assistance agencies, click here. Duke Energy and its customers also provide funding to these agencies through its Share the Warmth program.
Duke Energy Carolinas
Duke Energy Carolinas owns nuclear, coal-fired, natural gas and hydroelectric generation. That diverse fuel mix provides approximately 19,500 megawatts of owned electric capacity to approximately 2.4 million customers in a 24,000-square-mile service area of North Carolina and South Carolina.
Duke Energy is the largest electric power holding company in the United States with more than $100 billion in total assets. Its regulated utility operations serve approximately 7.1 million electric customers located in six states in the Southeast and Midwest. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.
Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com.