Business
Duke Energy reaches agreement with South Carolina customer groups and others on proposed combination of Duke Energy Carolinas, Duke Energy Progress
Duke Energy and a variety of organizations have reached a settlement agreement in South Carolina on the proposed combination of Duke Energy Carolinas and Duke Energy Progress designed to provide measurable, trackable benefits for customers.
About this update from Duke Energy Corporation (holding Company)
[{"type":"list","items":[{"val":[{"type":"text","content":"Settlement guarantees hundreds of millions of dollars of savings to Duke Energy customers","length":89,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":89,"olType":false},{"type":"text","content":"GREENVILLE, S.C., March 10, 2026 /PRNewswire/ -- Duke Energy and a variety of organizations have reached a settlement agreement in South Carolina on the proposed combination of Duke Energy Carolinas and Duke Energy Progress designed to provide measurable, trackable benefits for customers.","length":294,"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":"Details of the settlement can be found here.","length":44,"tagName":"p"},{"type":"text","content":"Our view: "Ensuring a win-win for our customers was a priority for Duke Energy and everyone involved in achieving this constructive settlement," said Tim Pearson, Duke Energy's South Carolina president. "We're grateful to the parties that recognize that this transaction, if approved under the settlement terms, would be in the best interest of our customers. It reduces customer costs, simplifies operations, promotes regulatory efficiencies and supports economic growth across the Carolinas."","length":522,"tagName":"p"},{"type":"text","content":"Why it matters: Combining Duke Energy Carolinas and Duke Energy Progress will enable Duke Energy to meet the Carolinas' growing energy needs at a lower cost than would otherwise occur, with estimated savings of billions in projected future costs shared by customers across both states.","length":289,"tagName":"p"},{"type":"text","content":"As part of the settlement, Duke Energy has guaranteed hundreds of millions of dollars of ...