Duke Energy Corp (DUK) Q1 2020 Earnings Call Transcript
In March, we shifted nearly 18,000 teammates to remote operations. For teammates in critical roles who could not work remotely, we deployed the best available personal protection equipment, increased disinfecting between shifts, initiated split operations between primary and alternate locations to limit exposure, placed additional restrictions on those accessing our facilities and implemented social distancing policies. These new safety protocols were particularly important during spring storm restoration and generation outages. So far, our teams have completed three nuclear outages and more than 30 fossil/hydro generation outages, all while maintaining focus on safety and delivering on time and on budget. And in mid-April, our transmission and distribution teams quickly responded to more than 900,000 outages across the Midwest and the Carolinas after severe under thunderstorms and tornadoes. But Duke Energy's response has gone well beyond supporting our internal team. Similar to what others are doing across the country, we will work with our regulators to identify the best solutions to recover these costs to support the ongoing financial health of our utilities, while also recognizing the unique needs of our customers during this unprecedented time. Shifting now to our response to the COVID pandemic, Slide 11 highlights the well-planned steps we've taken to bolster our liquidity and financial strength to position us to manage through a variety of potential outcomes. As of April 30, we have a strong available liquidity position of $8.2 billion, which provides the Company valuable flexibility as we plan our remaining capital markets transactions in 2020.