Duke Energy Urges Customers to Conserve Electricity Amid Cold Snap
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Cold Weather Impact: Duke Energy is urging customers to voluntarily reduce electricity usage on February 2, 2026, from 5 to 9 a.m. EST due to the coldest temperatures in Florida since 2018, which are causing unusually high electricity demand across the Southeast to protect the grid.
- Customer Impact: Melissa Seixas, Duke Energy Florida state president, acknowledged that reducing electricity usage is challenging for customers, but emphasized that this initiative is crucial to maintain service for over 2 million customers during the cold spell.
- Energy Capacity: Duke Energy Florida owns 12,300 megawatts of energy capacity, serving a 13,000-square-mile area, which is vital for ensuring reliable and safe electricity supply to its residential, commercial, and industrial customers.
- Corporate Strategy: Duke Energy is executing an ambitious energy transition, investing in major electric grid upgrades and cleaner generation sources, including natural gas, nuclear, renewables, and energy storage, to enhance customer reliability and build a smarter energy future.
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Analyst Views on DUK
Wall Street analysts forecast DUK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DUK is 136.31 USD with a low forecast of 126.00 USD and a high forecast of 150.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
8 Buy
5 Hold
0 Sell
Moderate Buy
Current: 120.890
Low
126.00
Averages
136.31
High
150.00
Current: 120.890
Low
126.00
Averages
136.31
High
150.00
About DUK
Duke Energy Corporation is an energy holding company. The Company operates through two segments: Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. EU&I provides retail electric service through the generation, transmission, distribution, and sale of electricity to customers within the Southeast and Midwest regions of the United States. The GU&I segment conducts natural gas operations primarily through the regulated public utilities of Piedmont, Duke Energy Ohio, and Duke Energy Kentucky. GU&I serves residential, commercial, industrial, and power generation natural gas customers, including customers served by municipalities who are wholesale customers. It also purchases a diverse portfolio of transportation and storage services from interstate pipelines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Duke Energy Urges Customers to Conserve Electricity Amid Cold Snap
- Cold Weather Impact: Duke Energy is urging customers to voluntarily reduce electricity usage on February 2, 2026, from 5 to 9 a.m. EST due to the coldest temperatures in Florida since 2018, which are causing unusually high electricity demand across the Southeast to protect the grid.
- Customer Impact: Melissa Seixas, Duke Energy Florida state president, acknowledged that reducing electricity usage is challenging for customers, but emphasized that this initiative is crucial to maintain service for over 2 million customers during the cold spell.
- Energy Capacity: Duke Energy Florida owns 12,300 megawatts of energy capacity, serving a 13,000-square-mile area, which is vital for ensuring reliable and safe electricity supply to its residential, commercial, and industrial customers.
- Corporate Strategy: Duke Energy is executing an ambitious energy transition, investing in major electric grid upgrades and cleaner generation sources, including natural gas, nuclear, renewables, and energy storage, to enhance customer reliability and build a smarter energy future.
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Duke Energy Urges Customers to Conserve Electricity Amid Cold Snap
- Energy Conservation Call: Duke Energy is urging customers to voluntarily reduce electricity usage from 5 to 9 a.m. on February 2, 2026, due to the coldest temperatures in Florida since 2018, which are driving unusually high electricity demand across the Southeast to ensure grid stability.
- Peak Demand Anticipation: The company anticipates a significant increase in electricity demand due to the cold weather, and by encouraging customer cooperation, Duke Energy aims to protect the grid and maintain electricity supply for over 2 million customers.
- Conservation Tips: Customers are advised to lower their thermostats to the lowest comfortable setting and avoid using appliances like washing machines, dryers, and dishwashers during peak hours to reduce energy consumption and alleviate grid pressure.
- Company Overview: Duke Energy Florida, a subsidiary of Duke Energy, has an energy capacity of 12,300 megawatts and serves a 13,000-square-mile area, focusing on maintaining customer reliability and value during its energy transition efforts.
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