Duke Energy Carolinas Settles Revenue Requirement Issues with NCUC

Details

The settlement includes a return on equity of 9.8%, a retail rate base of approximately $25.7 billion, and approximately $3.8 billion of capital investments over a two-year period. The agreement is expected to result in one-time pre-tax accounting charges of approximately $40 million in 2026, which will be treated as special items and excluded from adjusted earnings. The settlement is subject to NCUC approval and is expected to lead to an average annual rate increase of 3.7% over two years.

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About Duke Energy Corporation

Duke Energy Corporation is an American energy company with a focus on electric power generation and distribution. It stands as one of the largest electric power holding companies in the United States, servicing around 7.9 million customers across six states in the South and Midwest. With a diversified energy portfolio, Duke Energy operates an array of power plants including coal, natural gas, hydroelectric, and increasingly, renewable energy sources like wind and solar. This diversification enhances its resilience and ability to adapt to the evolving energy landscape. Duke Energy's primary role is generating, transmitting, and distributing electricity, it also makes strides in natural gas distribution and achieving carbon neutrality, with ambitious goals to reduce carbon emissions. The company plays a pivotal role in shaping energy policy and pursuing sustainable energy solutions, thereby impacting both economic growth and environmental stewardship across regions it serves. Headquartered in Charlotte, North Carolina, Duke Energy is integral to the energy infrastructure, influencing sectors from residential and commercial electricity to industrial energy needs.