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Subject: CSR

Duke Energy awards more than $300,000 to 10 urban redevelopment projects in Greater Cincinnati



CINCINNATI, Oct. 5, 2017 /PRNewswire/ -- Greater Cincinnati's urban cores ? and the lives of their residents ? will continue to improve and benefit from transformational redevelopment projects thanks to Duke Energy's Urban Revitalization grants. Earlier today, the company announced 10 projects that will receive $307,352 in catalyst grants to support urban redevelopment and stimulate growth, job creation and further investments in our local communities.

New Duke Energy logo. (PRNewsFoto/Duke Energy)

"Our urban cores are the hearts of our communities," said Jim Henning, president of Duke Energy Ohio/Kentucky. "Today, they present opportunities for positive change and prosperity. These important collaborations will create jobs, spur additional commercial activity, and serve as hubs for these communities and their residents for generations to come."

Since 2011, Duke Energy has provided $1.88 million in Urban Revitalization funding to 58 projects in Southwest Ohio and Northern Kentucky. Projects include Braxton Brewing Company, Madcap Puppet Theater, Carabello Coffee, Cincinnati State's Middletown campus and Gateway Community & Technical College's Urban Metro campus. Read more about how past Urban Revitalization grants have spurred economic development in Greater Cincinnati.

Today's grant announcement was held at Hotel Covington, which received an Urban Revitalization grant in 2013. The event featured each grant recipient, as well as Cincinnati Mayor John Cranley, Covington Mayor Joe Meyer, Hotel Covington developer Guy van Rooyen, Jim Henning and Duke Energy Executive Vice President Julie Janson. Janson previously served as president of Duke Energy Ohio/Kentucky from 2008 to 2012.

Here are summaries of the projects that were awarded grants today.

Ohio

Kentucky

Duke Energy Ohio/Kentucky
Duke Energy Ohio/Kentucky's operations provide electric service to about 850,000 residential, commercial and industrial customers in a 3,000-square-mile service area and natural gas service to approximately 529,000 customers.

Headquartered in Charlotte, N.C., Duke Energy is one of the largest energy holding companies in the United States. Its Electric Utilities and Infrastructure business unit serves approximately 7.5 million customers located in six states in the Southeast and Midwest. The company's Gas Utilities and Infrastructure business unit distributes natural gas to approximately 1.6 million customers in the Carolinas, Ohio, Kentucky and Tennessee. Its Commercial Renewables business unit operates a growing renewable energy portfolio across the United States.

Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com

The Duke Energy News Center serves as a multimedia resource for journalists and features news releases, helpful links, photos and videos. Hosted by Duke Energy, illumination is an online destination for stories about people, innovations, and community and environmental topics. It also offers glimpses into the past and insights into the future of energy.

Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Media contact: Lee Freedman
513.287.4152 | @DE_LeeF | 24-Hour: 800.559.3853

SOURCE Duke Energy


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