Investing.com - Shares of Duke Energy Corporation (NYSE:DUK) and NextEra Energy Inc (NYSE:NEE) were lower on Tuesday following reports that some 6.1 million customers in Florida are without power following Hurricane Irma’s landfall. On Monday, utilities said over 7.4 million were without power.
Most remaining outages were in Florida Power & Light's service area in the southern and eastern parts of the state. Florida Power & Light is a unit of NextEra Energy Inc and the state's biggest power company. As of Tuesday morning, some 2.8 million customers were still without power.
Duke Energy Corp, serves the northern and central parts of the state, and its Florida outages fell to around 1 million by Tuesday afternoon, down from a peak of about 1.2 million on Monday, according to the company's website. In an email to Bloomberg, Duke noted damage to transmission towers, numerous substations, and trees on power lines.
Utilities are currently repairing damages, and full restoration is expected to take weeks.
Duke closed Tuesday's session down 1.2% and NextEra shed 1.5%.