Duke Energy Warns Of Potential Impacts From Tropical Storm Idalia

Duke Energy Corp DUK said it is closely monitoring the approach of Tropical Depression Ten, which will likely be named Idalia, and preparing for potential impacts on Florida in the coming days.

The company urges customers to be vigilant and prepared as well.

Forecasts show the potential for strong winds and heavy rain that could result in significant power outages throughout many parts of Florida.

Idalia is expected to strengthen into a hurricane today, with potential of high winds and storm surges in Cuba and Florida later this week, reported Reuters.

Should customers in Florida experience any disruptions in their service, the company is making preparations with crews and equipment to respond as quickly as possible.

Crews will begin power restoration as soon as conditions are safe to do so.

The company currently serves more than 60% of customers in Florida with self-healing capabilities on its main power distribution lines.

Duke Energy Florida, a subsidiary of Duke Energy, owns 10,500 megawatts of energy capacity, supplying electricity to 1.9 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.

Price Action: DUK shares closed higher by 0.66% at $90.58 on Friday.