Duke Energy Corporation (NYSE:DUK) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET
Company Participants
Abby Motsinger - VP, IR
Lynn Good - Chair & CEO
Harry Sideris - President, Duke Energy
Brian Savoy - CFO & EVP
Conference Call Participants
Constantine Lednev - Guggenheim Partners
Nick Campanella - Barclays
Julien Dumoulin-Smith - Jefferies
Jeremy Tonet - JPMorgan
Anthony Crowdell - Mizuho
Carly Davenport - Goldman Sachs
Operator
Hello, everyone, and welcome to Duke Energy's Second Quarter 2024 Earnings Call. My name is Felicia, and I'll be your operator today. [Operator Instructions]
I will now hand you over to your host, Abby Motsinger, Vice President of Investor Relations at Duke Energy. Please go ahead, Abby.
Abby Motsinger
Thank you, Felicia, and good morning, everyone. Welcome to Duke Energy's Second Quarter 2024 Earnings Review and Business Update. Leading our call today is Lynn Good, Chair and CEO; along with Harry Sideris, President; and Brian Savoy, CFO.
Today's discussion will include the use of non-GAAP financial measures and forward-looking information. Actual results may differ from forward-looking statements due to factors disclosed in today's materials and in Duke Energy's SEC filings. The appendix of today's presentation include supplemental information along with the reconciliation of non-GAAP financial measures.
With that, let me turn the call over to Lynn.
Lynn Good
Abby, thank you, and good morning, everyone. Before I begin, I'd like to take a moment and recognize the work of our team responding to Hurricane Debby. The storm made landfall in Florida yesterday morning and caused outages for about 330,000 customers. We had crews in position over the weekend, and our teams are working around the clock to restore power. As of this morning, we've restored 90% of our impacted customers. Based on its current track, we expect the storm to impact the Eastern and Central parts of the Carolinas later this week. Along with tropical storm forced winds, the system is bringing heavy rains. We're staging crews and implementing flood mitigation plans to be able to safely and quickly respond to expected customer outages.
Now let me turn to our second quarter results and the significant progress we're making across the company. Our simplified fully regulated portfolio of Southeast and Midwestern utilities combined with our strong track record of constructive regulatory outcomes positions us well to deliver long-term value for shareholders. We have clear growth visibility driven by our $73 billion capital plan, which is focused on grid and generation investments to support the growing communities we serve.