Business
Duke Energy proposes new investments in North Carolina to boost reliability and support economic growth across the state
Duke Energy today filed requests with the North Carolina Utilities Commission (NCUC) for revised rates at Duke Energy Carolinas and Duke Energy Progress, its two utilities in the state.
About this update from Duke Energy Corporation (holding Company)
[{"type":"list","items":[{"val":[{"type":"text","content":"Targeted investments will harden the grid against storms and upgrade existing power plants to maximize efficiency, saving customers money","length":137,"tagName":"p"}]},{"val":[{"type":"text","content":"New energy infrastructure will support rapid growth from increasing population, advanced manufacturing and data centers – with customer protections built in","length":156,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":293,"olType":false},{"type":"text","content":"CHARLOTTE, N.C., Nov. 20, 2025 /PRNewswire/ -- Duke Energy today filed requests with the North Carolina Utilities Commission (NCUC) for revised rates at Duke Energy Carolinas and Duke Energy Progress, its two utilities in the state.","length":232,"tagName":"p"},{"type":"image","alt":"Duke Energy logo (PRNewsfoto/Duke Energy)","displaySize":"","headline":null,"caption":"Duke Energy logo (PRNewsfoto/Duke Energy)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":128,"url":"https://media.zenfs.com/en/prnewswire.com/829a69c01f1ce34f867ba8075a40a22b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/AZkz2p7IVk.0RFE.fpGQ7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/829a69c01f1ce34f867ba8075a40a22b","width":400,"height":128}},"href":"https://mma.prnewswire.com/media/660545/Duke_Energy_New_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"By the numbers: The company's filing with the NCUC requests an annual revenue increase of $1 billion for Duke Energy Carolinas ($727 million in 2027, $275 million in 2028), which represents a 15% increase over current revenues, and $729 million for Duke Energy Progress ($528 million in 2027, $200 million in 2028), a 15.1% increase over current revenues. The company's requests are based on a 10.95% return on equity and 53% equity capital structure and are subject to NCUC approval.","length":497,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"If approved, monthly electric bills for typical Duke Energy Carolinas residential customers using 1,000 kilowatt-hours per month would increase $17.22 a month – from $144.98 to $162.20 – starting Jan. 1, 2027, followed by a $6.34 increase on Jan. 1, 2028. Across 2027-2028, commercial customers would see an average ...