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Duke Energy Florida announces storm cost recovery charge will be removed from customers' bills a month early

prnewswire.com
DUK The article discusses Duke Energy Florida removing a storm cost recovery charge early, providing relief to customers. While this is positive for customers, it's presented as a recovery of costs ahead of schedule rather than a direct profit boost for the parent company, DUK, making the sentiment neutral for the stock.

ST. PETERSBURG, Fla., Jan. 14, 2026 /PRNewswire/ -- Today, Duke Energy Florida announced that the storm cost recovery charge – the result of costs associated with the company's approximately $1.1 billion response to hurricanes Debby, Helene and Milton – will be removed from customers' bills a month earlier than originally scheduled.

What this means

Because the full amount for all three storms was recovered ahead of schedule, beginning in February (instead of March):

Our view

"We understand all of our customers have been affected by the rising costs of living, many may be facing financial challenges, and some are even having to decide which bills they can afford to pay every month," said Melissa Seixas, Duke Energy Florida state president. "It was important to us that our customers get this significant rate relief as soon as possible while we continue to deliver the safe, reliable power they expect and deserve."

More savings coming soon

Even more savings

Recently, the company also:

Help is available

While Duke Energy Florida is focused on keeping its own costs in check, the company is committed to connecting customers with practical ways to save energy and manage their bills, including flexible payment plans. For more information, please visit duke-energy.com/SeasonalSavings.

Duke Energy Florida

Duke Energy Florida, a subsidiary of Duke Energy, owns 12,300 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.

More information is available at  duke-energy.com and the Duke Energy News Center. Follow Duke Energy on  X,  LinkedIn,  Instagram and  Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

Contact: Aly Raschid

24-Hour: 800.559.3853

X: @DE_AlyRaschid

SOURCE Duke Energy