Duke Energy Gives Boost to Helping Hand Program to Assist Indiana Residents with Heating Bills Jan. 26, 2009
PLAINFIELD, IND. -
A sluggish economy has made this year's heating season especially difficult for many Indiana residents who are already struggling to cover their heating bills. To ease this situation, the Duke Energy Foundation will contribute an additional $200,000 to the Helping Hand program – on top of more than $500,000 already contributed this winter.
Since 1996, Helping Hand has provided more than $3 million to help needy residents in Duke Energy's Indiana service territory with their winter energy bills. The Helping Hand Program distributed more than $540,000 last year to eligible low-income customers.
As part of the merger agreement between Cinergy and Duke Energy in 2006, Duke Energy agreed to contribute $500,000 per year for five years to the Helping Hand program. Funds are distributed to eligible Duke Energy Indiana customers through local community action agencies, who make the determination of eligibility.
"With this winter’s very cold temperatures, coupled with the many challenges brought by the tough economy, the need is so immediate and so great. The
additional $200,000 from the Duke Energy Foundation will be critically important to help residents across our Indiana service territory keep their homes warm this winter" said Jim Stanley, president, Duke Energy Indiana.
Helping Hand currently receives contributions from Duke Energy shareholders, its customers and employees. All contributions are tax deductible and 100 percent of the contributions go directly to the participating non-profit agencies that distribute the funds to needy families. Additional information on Helping Hand and ways to donate are available at www.duke-energy.com
Duke Energy's Indiana operations provide approximately 7,300 net megawatts of electricity to approximately 775,000 electric customers, making it the state's largest electric supplier.
Duke Energy, one of the largest electric power companies in the United States, supplies and delivers electricity to approximately 4 million U.S. customers and natural gas service to approximately 520,000 customers in its regulated jurisdictions. The company has approximately 35,000 net megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. In addition, Duke Energy has more than 4,000 net megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company.
Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com
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