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South Carolina customers projected to benefit from billions in long-term savings from approved combination of Duke Energy utilities
South Carolina customers are projected to benefit from billions of dollars in savings over time after the Public Service Commission of South Carolina approved a settlement on Duke Energy's proposed combination of Duke Energy Carolinas and Duke Energy Progress, an agreement designed to deliver measurable, trackable customer savings backed by shareholder guarantees.
About this update from Duke Energy Corporation (holding Company)
[{"type":"list","items":[{"val":[{"type":"text","content":"Agreement approved by the Public Service Commission of South Carolina outlines guaranteed savings and long-term cost reductions","length":127,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":127,"olType":false},{"type":"text","content":"GREENVILLE, S.C., April 30, 2026 /PRNewswire/ -- South Carolina customers are projected to benefit from billions of dollars in savings over time after the Public Service Commission of South Carolina approved a settlement on Duke Energy's proposed combination of Duke Energy Carolinas and Duke Energy Progress, an agreement designed to deliver measurable, trackable customer savings backed by shareholder guarantees.","length":419,"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/1.2/9ygjYA8F81GhZ4AnTAZ7Pw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyNg--/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":"All benefits of the combination will flow to customers.","length":55,"tagName":"p"},{"type":"text","content":"Our view: "This approval by the commission is about delivering real, long-term savings for our South Carolina customers," said Tim Pearson, Duke Energy's South Carolina president. "By combining our two utilities, we will reduce customer costs, simplify operations, promote regulatory efficiencies, and support economic growth across the Carolinas. We're grateful to the organizations that joined the settlement agreement and to the commission for its thorough and careful review of the meaningful benefits combining our two utilities will deliver to our customers."","length":593,"tagName":"p"},{"type":"text","content":"Why it matters: By operating as one utility, Duke Energy expects to serve the Carolinas' growing energy needs at a lower cost than if the companies remained separate, with billions of dollars...