Duke Energy Corporation (DUK) Proposes New Investments In North Carolina

According to TheFly, Duke Energy Corporation (NYSE:DUK) submitted requests for updated rates astatine its 2 utilities successful the state, Duke Energy Carolinas and Duke Energy Progress, to the North Carolina Utilities Commission connected November 21.

In the submission, Duke Energy Carolinas requests a $1 cardinal yearly gross boost, which would see $727 cardinal successful 2027 and $275 cardinal successful 2028. This would beryllium a emergence of 15% supra existent revenues. The $729 cardinal petition for Duke Energy Progress includes $200 cardinal successful 2028 and $528 cardinal successful 2027, a 15.1% maturation supra existent revenues. Subject to regulatory approval, the demands beryllium connected a 53% equity superior operation and a projected 10.95% instrumentality connected equity.

The expected advantages associated with atomic accumulation taxation credits are besides stated successful the filing. Through 2032, Duke Energy Corporation (NYSE:DUK)’s atomic plants are anticipated to nutrient taxation credits worthy hundreds of millions of dollars. Customers of Duke Energy Carolinas person $150 cardinal successful atomic accumulation taxation credits successful 2025–2026 astatine existent rates. The caller connection would widen atomic accumulation taxation credits to Duke Energy Progress customers portion besides introducing star and hydro taxation incentives for some utilities. Duke Energy Corporation (NYSE:DUK) besides stated that a projected merger of Duke Energy Carolinas and Duke Energy Progress volition prevention customers implicit $1 cardinal successful aboriginal expenses.

Duke Energy Corporation (NYSE:DUK) is 1 of the largest utilities successful the United States, having regulated utilities successful the Carolinas, Indiana, Florida, Ohio, and Kentucky.

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