Business
Duke Energy reaches agreements with North Carolina customer advocates, NC Attorney General's office and others on proposed combination of Duke Energy Carolinas, Duke Energy Progress
Duke Energy and a variety of organizations have reached settlement agreements 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":94,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":94,"olType":false},{"type":"text","content":"CHARLOTTE, N.C., March 10, 2026 /PRNewswire/ -- Duke Energy and a variety of organizations have reached settlement agreements on the proposed combination of Duke Energy Carolinas and Duke Energy Progress designed to provide measurable, trackable benefits for customers.","length":269,"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":"Settling parties include the North Carolina Public Staff – the independent agency representing utility customers – the North Carolina Attorney General's Office, Google, Nucor, Walmart and a variety of other intervening groups.","length":230,"tagName":"p"},{"type":"text","content":"Our view: "We're pleased that Public Staff and the Attorney General's Office agree our customers will see significant future cost savings and other meaningful benefits from combining our two utilities," said Kendal Bowman, Duke Energy's North Carolina president. "It reduces customer costs, simplifies operations, promotes regulatory efficiencies and supports economic growth across the Carolinas."","length":430,"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 North Carolina and South Carolina.","length":311,"tagName":"p"},{"type":"text","co...