Duke Energy still has 430,000 Florida customers without power, give estimates for times of restoration

Shares of Duke Energy Corp. fell 1.8% in afternoon trading Friday, after the utility company said while 430,000 of its customers in Florida are still without power because of Hurricane Ian, it has already restored power to about 650,000 customers. The North Carolina-based company, which serves 1.9 million customers in Florida, said it has 10,000 people working to restore power in Florida, many who were brought into Florida from other states before the hurricane. The current estimated time for restoration (ETR) of power for Florida’s Highlands, Polk and Volusia counties is about 6 p.m.; the ETR for 90% of customers in the Pasco and Pinellas counties is no later than 11:59 p.m. on Saturday; and the ETR for 90% of customers in Lake, Orange, Osceola and Seminole counties is no later than 11:59 p.m. on Sunday. Duke’s stock has lost 12.9% over the past three months, while the Dow Jones Utilities Average has lost 8.2% and the Dow Jones Industrial Average has given up 6.1%.

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