Duke Energy Corporation (holding Company) · NYSE:DUK

Duke Energy Corporation (holding Company) — Corporate Update (March 2025)

111 slides from Duke Energy Corporation (holding Company)'s corporate update, Mar 27, 2025

1. Slide 1: Carolinas Collaborative Meeting

   Carolinas Collaborative Meeting March 27, 2025

2. Slide 2: Agenda

   Agenda  Introductions and Safety Minute  Regulatory Update  Improve and Save (ToB) Update  High Energy Use Pilot Update  NES SC Commitments  PowerShare Update  End of Year 2024 Portfolio Program Results  Open Floor Discussion on Program Results  Wrap Up and Scheduling PLEASE NOTE: ALL SLIDE

3. Slide 3: Safety – Extreme Weather and Tornadoes

   Safety – Extreme Weather and Tornadoes

4. Slide 4: Regulatory Update

   Regulatory Update North Carolina South Carolina  Program filings DEC Filing - E-7 sub 1314 DEC Filing – 2025-101-E  Battery DR Filed Feb 2025 Filed March 2025  Program Modifications - SC  LI Multifamily Working Group DEP Filing – E-2 sub xxxx DEP Filing – 2025-xxx-E  Ongoing IRA Updates To be f

5. Slide 5: 2025 Priorities

   2025 Priorities  Aid in IRA distributions with SEOs Keep these priorities in  Connecting EE savings to greenhouse gas emissions mind during the program review  EM&V Recommendations  Renters receiving EE with Duke programs  Non-Res program development – DR and EE  SC Neighborhood Energy Saver p

6. Slide 6: Improve and Save (ToB) Update

   Improve and Save (ToB) Update

7. Slide 7: Improve & Save Update

   Improve & Save Update  Update on 2024’s The Foundation for Growth: Improvements and Refinements  Improve & Save by the numbers  Growth in 2025  Q&A DUKE ENERGY | CONFIDENTIAL © 2022 | PAGE 7

8. Slide 8: Improve & Save

   Improve & Save Stabilizing the foundation for each step in the customer’s journey to support growth Begin 2024 2025 2026+ Check Eligibility Schedule & Customer Improve & Save Trade Ally & Real Estate Data Analytics Marketing & Enroll Conduct Home Billing Feedback & Plan Installation Filings Customer

9. Slide 9: The Improve & Save Plans

   The Improve & Save Plans Low energy usage relative to square footage Only 1 no Impacts on Plans 2024 2024 Data Data recommendatio n plan in 2025!  Lead to no recommendation offers (22 to date)  Higher co-payments requirements ($5k+)  Most plans have an HVAC component leading to higher costs  Few

10. Slide 10: Improve & Save By the Numbers

    Improve & Save By the Numbers Improve & Save Installations Average Monthly Charge 143 $27.08 Audits Scheduled Lowest Monthly Charge $6.08 104 Highest Monthly Charge Audits Complete & $62.86 Proposals Delivered to Customers Highest Incentive $4,677.80 Average HVAC Incentive 9 $3243.00 Installations C

11. Slide 11: Improve & Save Growth

    Improve & Save Growth Expanding to Piedmont Triad area in March Begin 2024 2025 2026+ Expanding to Charlotte Mecklenburg area in Summer Renter & Owner customer journey validation underway Home Energy House Call on-site referrals Outbound call campaigns – Coming Soon DUKE ENERGY | CONFIDENTIAL © 2022

12. Slide 12: High Energy Use Pilot Update

    High Energy Use Pilot Update

13. Slide 13: DEC NC Pilot Goals & Timeline

    DEC NC Pilot Goals & Timeline 1,000 1,000 high energy homes provided with Energy Efficiency upgrades Over 3 years the Pilot in North Carolina DEC will aim to deliver Energy Efficiency 40% Upgrades to 1,000 participants Income Qualified Homeowners & Renters. Assumptions estimate 40% of homes could no

14. Slide 14: NES SC Commitments

    NES SC Commitments = DUKE we

15. Slide 15: DEP SC Rate Case Order 2023-138

    DEP SC Rate Case Order 2023-138 Following the DEP SC Rate Case Order 2023-138 DEP invested 2022-2023 Actual at Actual at Delta increased NES program budget Results 12/31/2022 12/31/2023 and projections. Savings (MWH) 2,765 5,517 2,752 (99%) Savings (MW) 0.72 1.72 1.0 (138%) Program budget was increa

16. Slide 16: DEP SC Rate Case Order 2023-138

    DEP SC Rate Case Order 2023-138 1400 1200 118% increase in 1.0 participation 1000 375% increase in 2.0 participation 800 600 400 200 Increase of neighborhoods served from 1 0 per year to 3 2022 2023 2024 Participation Participation Participation DEP SC DEP SC DEP SC Filed for additional program 1.0

17. Slide 17: DEC SC Rate Case Order 2024-445

    DEC SC Rate Case Order 2024-445 Budget Health and Safety Measures Neighborhood Selection Metrics Duke Energy has not set a NES program is identifying Filed for additional program NES has historically used ArcGIS minimum and/or a maximum customer homes that may modifications that, if approved maps, w

18. Slide 18: PowerShare Update

    PowerShare Update = DUKE we

19. Slide 19: Carolinas Large NonResidential DSM Update

    Carolinas Large NonResidential DSM Update March 2025

20. Slide 20: DR Team Focus

    DR Regularly evaluate all DR programs to explore Team modifications and new concepts that will enable growth and continue to align the portfolio of resources Focus with the needs of an evolving grid.

21. Slide 21: PowerShare Update – Positioning for Growth

    PowerShare Update – Positioning for Growth • 2025 Modifications (Implemented or Awaiting Approval) • Mandatory Plus • Other Recent Modifications • 2025 Filing Plans • Expansion to DEP • Enhancement of Options and Features

22. Slide 22: 2025 Modifications

    2025 Modifications

23. Slide 23: PowerShare Update – 2025 Modifications

    PowerShare Update – 2025 Modifications Mandatory Plus • Summary: Creation of a firm resource available to system operations for 100 hours of economic dispatch annually • Objective: Realize operational savings from utilization of a cost-effective DSM program that will, on average, be a least cost alt

24. Slide 24: PowerShare Update – 2025 Modifications

    PowerShare Update – 2025 Modifications • Increase in Credit Rate for Existing Emergency Options • Mandatory and Generator Capacity Credit changed from $3.50/kW/mo to $5.00/kW/mo • Effective 1-1-25 in NC; awaiting approval in SC • Mandatory 50 • Summary: New DEC PowerShare option targeted towards Cus

25. Slide 25: Current PowerShare Options

    Current PowerShare Options PowerShare (Rider PS) Generator Mandatory Mandatory 50* Mandatory Plus Voluntary Dispatch Type Emergency Emergency Emergency Economic Economic Minimum Curtailable Demand 100 kW 100 kW 100 kW 100 kW 100 kW Firm Demand Contract Type Fixed Reduction Firm Demand Firm Demand Fi

26. Slide 26: PowerShare Transition to DEP

    PowerShare Transition to DEP

27. Slide 27: Rider DRA Background

    Rider DRA Background • Rider DRA History • Launched December 2009 when legacy Progress Energy had a long history of being a summer peaking utility • Intended to be a "pay for play" design with credits heavily weighted on event performance • Required a minimum of 3 summer events • Current Rider DRA S

28. Slide 28: Justification for Transitioning PowerShare to DEP

    Justification for Transitioning PowerShare to DEP • Rider DRA Situation • Focus on summer load reduction capability • Monthly Availability Credit based solely on summer contract • Winter contract is optional • Requires minimum of one summer event each year • Fixed reduction contract structure is not

29. Slide 29: PowerShare Transition to DEP Filing Plans

    PowerShare Transition to DEP • Plan to file in NC in April 2025 with SC timing tbd • Requesting effective date of January 1, 2026 Filing Plans • Requesting phased approach to handling Rider DRA • Closure of program to new participants upon Commission approval • Full closure of program upon PowerShar

30. Slide 30: PowerShare Enhancements

    PowerShare Enhancements

31. Slide 31: Sources of PowerShare Modifications Under Consideration

    Sources of PowerShare Modifications Under Consideration • Duke Energy internal ideation • Feedback from Customers • Direct feedback from Customers individually and through member organizations • Solicitation through the Collaborative • Customer interviews as part of Duke Energy's Solutions Developme

32. Slide 32: PowerShare Modifications Under Consideration

    PowerShare Modifications Under Consideration • Control Technology – Participation enablement through physical devices or electronic signals • Tiered Incentives – Differentiation of incentives based upon curtailment response times • DR Consultation – Services targeted at maximizing participants' load

33. Slide 33: Portfolio Performance

    Portfolio Performance = DUKE we

34. Slide 34: DEC 2024 Portfolio Summary

    Jurisdiction Year End 2024 DEC Collaborative Repo DEC 2024 Portfolio Summary Demand Energy Actual Customer Total Annual % of Energy UCT Score TRC Score (MW) Actual = (MWh) Expenditures Incentives Energy Sales Sales 999.20 683,333 $151,076,530 $90,002,889 49,660,969 1% 2.57 2.29 Company Statistics Pr

35. Slide 35: DEP 2024 Portfolio Summary

    Year End 2024 DEP Collaborative Report Jersciton DEP 2024 Portfolio Summary Demand Energy Actual Customer Total Annual %of Energy UCT Score TRC Score (MW) Actual (MWh) Expenditures Incentives Energy Sales Sales 119.27 306,072 $96,365,186 $56,516,412 29,009,014 1% 1.84 1.72 Company Statistics Prior Y

36. Slide 36: DEC 2024 EE Portfolio Expenditures

    Year End 2024 DEC Collaborative Report Jerson DEC 2024 EE Portfolio Expenditures by Program 2024 EE Portfolio Expenditure Summary by Cost Type Program Program Type Actual Costs Budget Costs. % Cost Category % of Total Budget Costs Actual Costs % of Total Energy Education Program for Schools, Residen

37. Slide 37: DEP 2024 EE Portfolio Expenditures

    Year End 2024 DEP Collaborative Report Jersccton DEP 2024 EE Portfolio Expenditures by Program 2024 EE Portfolio Expenditure Summary by Cost Type Program Program Type Actual Costs. Budget Costs Cost Category % of Total Budget Costs Actual Costs % of Total Energy Efficiency Education Program Resident

38. Slide 38: DEC Portfolio Energy Savings

    Report Year Jurisdiction Year End 2024 DEC Collaborative Repor 2024 Vv DEC Non-Residential Portfolio Energy Savings Residential Smart Saver® [J 282% Residential New Constructi.. J 2.35% Multi-Family EE Products &... [J 1.95% Residential Energy Assessm.. ff 1.41% ‘Smart Saver® Energy Efficie.. | 16.4

39. Slide 39: DEP Portfolio Energy Savings

    Year End 2024 DEP Collaborative Report Repon Near Jersdicton 2024 DEP Residential Portfolio Energy Savings Non-Residential Portfolio Energy Savings ee EE ws soettoweonees Pn Energy Efficient Appliances... J 6.5% Residential Smart Saver® E... [J 3.26% Neighborhood Energy Saver ff 2.55% Business Energ

40. Slide 40: Residential Program Update

    Residential Program Update = DUKE we

41. Slide 41: Programs that are free to Participants

    Programs that are free to Participants

42. Slide 42: Multi-Family Energy Efficiency

    Multi-Family Energy Efficiency Multi-Family EE Products & Services Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target DEC NPV of Avoided Cost 2024 Program Expenses $7.9 $1.9 $6.1 $2.7 77% 143% Savings (MW) 1.4 1.8 131% Savings (MWH) 12,731 9,396.1 74% Units 182,940 116,75

43. Slide 43: Multi-Family EE Products & Services DEC

    Year End 2024 DEC Collaborative Report Procuct dersciction Multi-Family EE Products & Services DEC Multi-Family EE Products & Services Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual Budget Actual Budget ‘Actual 2024 $

44. Slide 44: Multi-Family Energy Efficiency DEP

    Year End 2024 DEP Collaborative Report Proavct Jrsciton Multi-Family Energy Efficiency DEP Multi-Family Energy Efficiency Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual Budget ‘Actual Budget ‘Actual 2024 $1,222,605 $1

45. Slide 45: My Home Energy Reports (MyHER)

    My Home Energy Reports (MyHER) My Home Energy Report Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $24.5 $25.1 102% DEC 2024 Program Expenses $8.2 $8.2 100% Savings (MW) 69.1 66.2 96% Savings (MWH) 372,430 401,376.2 108% Units 1,472,252 1,500,866

46. Slide 46: My Home Energy Report DEC

    Year End 2024 DEC Collaborative Report Proavct Jrsciion My Home Energy Report DEC My Home Energy Report Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual Budget ‘Actual Budget ‘Actual 2024 $8,168,321 $8,160,097 10096 372

47. Slide 47: My Home Energy Report DEP

    Year End 2024 DEP Collaborative Report Proauct Jerscition My Home Energy Report DEP My Home Energy Report Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budget ‘Actual Budget ‘Actual Budget ‘Actual 2024 $4,697,711 $4,623,772 195,50

48. Slide 48: My Home Energy Reports (MyHER)

    My Home Energy Reports (MyHER) DEC Total Participation 1,500,869 DEP Total Participation 851,827 NC Participation 1,155,779 SC Participation 345,090 NC Participation 768,306 SC Participation 83,521 Single Family 984,691 Single Family 317,114 Single Family 682,028 Single Family 74,879 Paper 954,197 P

49. Slide 49: EE in Education

    EE in Education Energy Education Program for Schools Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $2.8 $0.8 28% DEC 2024 Program Expenses $2.3 $0.4 15% Savings (MW) (2.0) 0.2 -10% Savings (MWH) 11,893.8 1,245.7 10% Units 23,449 1,503 6% Energy Ef

50. Slide 50: Energy Education Program for Schools DEC

    Product Jurisdiction Year End 2024 DEC Collaborative Report Energy Education Program for Schools DEC Energy Education Program for Schools Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budget ‘Actual Budget ‘Actual Budget ‘Actual 2

51. Slide 51: Energy Efficiency Education Program DEP

    Year End 2024 DEP Collaborative Report Product Jersciton Energy Efficiency Education Program DEP Energy Efficiency Education Program Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget Actual Budget ‘Actual Budget Actual 2024 $1,0

52. Slide 52: EE in Education

    EE in Education DEP DEC NC- PMID 9054 NC- PMID 3627 Number of Schools 20 Number of Schools 58 Number of Performances 32 Number of Performances 82 Number of Kits 210 Number of Kits 1,320 SC- PMID 9055 SC- PMID 3629 Number of Schools 3 Number of Schools 7 Number of Performances 3 Number of Performance

53. Slide 53: Home Energy House Call

    Home Energy House Call Residential Energy Assessments Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target DEC NPV of Avoided Cost $8.8 $4.8 55% 2024 Program Expenses $7.2 $4.1 57% Savings (MW) 1.7 1.2 72% Savings (MWH) 15,374 6,784.9 44% Units 39,223 22,655 58% 1) Values a

54. Slide 54: Residential Energy Assessments DEC

    Year End 2024 DEC Collaborative Report Procuct Jerscietion Residential Eneray Assessments DEC Residential Energy Assessments Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budget Actual Budget Actual Budget ‘Actual 2024 $7,187,986

55. Slide 55: Residential Energy Assessments DEP

    Year End 2024 DEP Collaborative Report Product Jrsciton Residential Energy Assessments DEP Residential Energy Assessments Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budget ‘Actual Budget Actual Budget ‘Actual 2024 $5,218,490 $2

56. Slide 56: Home Energy House Call

    Home Energy House Call Sum of Measure Qty Column Labels ¥ Row Labels y DEC(NC) DEC (SC) DEP (NC) DEP (SC) Grand Total HEHC - Smart Thermostat -Elec 293 113 399 34 839 HEHC - Smart Thermostat -Only CAC Fuel Htd 199 83 178 2 462 HEHC- Assess Kit w LEDs Blower Door 24 5 20 2 51 HEHC Phone Audit 338 151

57. Slide 57: Income-Qualified Programs

    Income-Qualified Programs

58. Slide 58: Weatherization

    Weatherization Income-Qualified Energy Efficiency and Weatherization Assistance Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $5.7 $13.2 229% DEC 2024 Program Expenses $8.8 $14.4 163% Savings (MW) 1.6 2.1 137% Savings (MWH) 5,468.8 10,969.2 201% U

59. Slide 59: Income-Qualified EE and Weatherization Assistance DEC

    Year End 2024 DEC Collaborative Report Product darscicion Income-Qualified Energy Efficiency and Weatherization Ass... DEC Income-Qualified Energy Efficiency and Weatherization Assistance Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Act

60. Slide 60: Income-Qualified EE and Weatherization DEP

    Product Jurisdiction Year End 2024 DEP Collaborative Report Income-Qualified Energy Efficiency and Weatherization DEP Income-Qualified Energy Efficiency and Weatherization Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget Actual

61. Slide 61: Weatherization

    Weatherization Refrigerator Replacement Goal Actual Weatherization Goal Actual NC DEC Wx Project Type DEP Wx Project Type DEC NC 200 49 DEC NC 470 416 Projects Total Paid Projects Total Paid DEC SC 75 21 DEC SC 65 79 Refrigerator Replacement DEP NC 44 45 DEP NC 381 366 49 $49,733.25 45 $42,813.75 DE

62. Slide 62: Neighborhood Energy Saver

    Neighborhood Energy Saver Neighborhood Energy Saver Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target DEC NPV of Avoided Cost $4.0 $12.3 309% 2024 Program Expenses $5.5 $11.2 202% Savings (MW) 1.1 2.0 183% Savings (MWH) 2,726.2 10,269.4 377% Units 12,000 19,968 166% Neig

63. Slide 63: Neighborhood Energy Saver DEC

    Year End 2024 DEC Collaborative Report Proauct Jerscicion Neighborhood Energy Saver DEC Neighborhood Energy Saver Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budget Actual Budget ‘Actual Budget ‘Actual 2024 $5,533,345, $11,190,1

64. Slide 64: Neighborhood Energy Saver DEP

    Year End 2024 DEP Collaborative Report Proavct Jerson Neighborhood Energy Saver DEP Neighborhood Energy Saver Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget Actual Budget Actual Budget ‘Actual 2024 $2,981,738 $7,273,742 3,072

65. Slide 65: Neighborhood Energy Saver

    Neighborhood Energy Saver NES Goal Actual NES Goal Actual DEC NC 5000 5889 DEP NC 3000 2585 DEC SC 2500 2204 DEP SC 1000 1276 NES 2.0 Goal Actual NES 2.0 Goal Actual DEC NC DEP NC Air Sealing 800 2228 Air Sealing 480 1629 Attic Installation 800 2348 Attic Installation 480 1497 Duct Sealing 800 3000

66. Slide 66: Income-Qualified High-Energy Use Pilot

    Income-Qualified High-Energy Use Pilot Income-Qualified High-Energy Use Pilot Vintage 2024 As Vintage 2024 DEC $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $0.0 $1.2 N/A 2024 Program Expenses $0.0 $3.6 N/A Savings (MW) 0.0 0.3 N/A Savings (MWH) 0 877.8 N/A Units 0 1,179 N/A

67. Slide 67: Income-Qualified High-Energy Use Pilot DEC

    Year End 2024 DEC Collaborative Report Product Zerscicton Income-Qualified High-Energy Use Pilot DEC Income-Qualified High-Energy Use Pilot Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants 2024 $3,552,191 0% 0.00 0.30 0% 1,179 0% 2023 TT $675,849 9

68. Slide 68: High Energy Use Pilot DEP

    Product Jurisdiction Year End 2024 DEP Collaborative Repor High Energy Use Pilot High Energy Use Pilot Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants oO 61 0% 0.00 0.02 0% 0 36 0% A 2024 $0 $330,188 0% ey Net Annual Savings - 2024 ‘Actual Annual

69. Slide 69: Income-Qualified High-Energy Use Pilot

    Income-Qualified High-Energy Use Pilot 69

70. Slide 70: Programs with Participant Costs

    Programs with Participant Costs

71. Slide 71: Energy Efficient Appliances and Devices

    Energy Efficient Appliances and Devices Energy Efficient Appliances & Devices Vintage 2024 As Vintage 2024 DEC $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $20.1 $14.7 73% 2024 Program Expenses $4.5 $3.5 79% Savings (MW) 3.9 2.2 55% Savings (MWH) 30,907.4 21,509.9 70% Units

72. Slide 72: Energy Efficient Appliances & Devices DEC

    Product Jurisdiction Year End 2024 DEC Collaborative Report Energy Efficient Appliances & Devices DEC Energy Efficient Appliances & Devices Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budget Actual Budget ‘Actual Budget Actual 2

73. Slide 73: Energy Efficient Appliances and Devices DEP

    Year End 2024 DEP Collaborative Report Product Jerson Energy Efficient Appliances and Devices DEP Energy Efficient Appliances and Devices Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget Actual Budget Actual Budget Actual 2024

74. Slide 74: Retail Lighting

    Retail Lighting  DEC Retail Lighting is included in EE Appliances and Devices Program. Energy Efficient Lighting Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $0 $0 0% DEP 2024 Program Expenses $41 $0 0% Savings (MW) 0.00 0.00 0% Savings (MWH) 0

75. Slide 75: Energy Efficient Lighting DEP

    Year End 2024 DEP Collaborative Report Procuct ‘rsdn Energy Efficient Lighting DEP Energy Efficient Lighting Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget ‘Actual % Budget ‘Actual % Budget ‘Actual % $0 0% o 0 0% 0.00 0% oO

76. Slide 76: Smart $aver Residential

    Smart $aver Residential Residential Smart $aver® Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target DEC NPV of Avoided Cost $8.1 $11.0 136% 2024 Program Expenses $6.6 $5.1 78% Savings (MW) 1.8 2.7 146% Savings (MWH) 7,041 13,553.1 192% Units 21,657 17,170 79% Residential

77. Slide 77: Residential Smart $aver DEC

    Year End 2024 DEC Collaborative Report Product Jerscicton Residential Smart $aver® DEC Residential Smart $aver® Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budget Actual Budget Actual Budget Actual 2024 $6,624,441 $5,142,072 7,0

78. Slide 78: Residential Smart $aver Energy Efficiency DEP

    Year End 2024 DEP Collaborative Report Product derscicion Residential Smart $aver® Energy Efficiency DEP Residential Smart $aver® Energy Efficiency Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget Actual Budget ‘Actual Budget A

79. Slide 79: Smart $aver Residential – Early Replacement and Retrofit

    Smart $aver Residential – Early Replacement and Retrofit Residential Smart $aver® - Early Replacement and Retrofit Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target DEC NPV of Avoided Cost $0.0 $4.5 N/A 2024 Program Expenses $0.0 $3.0 N/A Savings (MW) 0.0 1.3 N/A Savings

80. Slide 80: Early Replacement and Retrofit DEC

    Product Jurisdiction Year End 2024 DEC Collaborative Report Residential Smart $aver® - Early Replacement and Retrofit “ DEC Residential Smart $aver® - Early Replacement and Retrofit Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Bu

81. Slide 81: Early Replacement and Retrofit DEP

    Product Jurisdiction Year End 2024 DEP Collaborative Report Residential Smart $aver® - Early Replacement and Retrofit DEP Residential Smart $aver® - Early Replacement and Retrofit Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budg

82. Slide 82: Residential New Construction

    Residential New Construction Residential New Construction Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $25.4 $16.9 66% DEC 2024 Program Expenses $12.9 $7.9 62% Savings (MW) 4.7 3.1 65% Savings (MWH) 17,649 11,289.1 64% Units 15,502,060 9,502,408

83. Slide 83: Residential New Construction DEC

    Product Jurisdiction Year End 2024 DEC Collaborative Report Residential New Construction DEC Residential New Construction Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget Actual Budget Actual Budget Actual 2024 $12,879,538 $7,9

84. Slide 84: Residential New Construction DEP

    Product Jurisdiction Year End 2024 DEP Collaborative Report Residential New Construction DEP Residential New Construction Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual % Budget ‘Actual % Budget Actual % Budget ‘Actual % 2024 $17,1

85. Slide 85: Residential New Construction

    Residential New Construction DEP NC Participants kWh Savings Incentives Equipment 323 63,528 $ 96,900 Whole House 9,373 28,112,435 $ 23,412,042 TOTAL 9,696 28,175,963 $ 23,508,942 DEP SC Equipment - - $ - Whole House 26 56,986 $ 49,964 TOTAL 26 56,986 $ 49,964 DEC NC Equipment 130 39,326 $ 39,000 Wh

86. Slide 86: Demand Response

    Demand Response

87. Slide 87: Power Manager and Energy Wise Home

    Power Manager and Energy Wise Home Power Manager® Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $101.3 $74.9 74% DEC 2024 Program Expenses Savings (MW) $24.9 593.6 $25.1 446.9 101% 75% Savings (MWH) 0 0.0 N/A Units 582,839 426,262 73% 1) Values ar

88. Slide 88: Power Manager DEC

    Year End 2024 DEC Collaborative Report Procuct Jerscicton Power Manager® DEC Power Manager® Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Program Year Budget Actual Budget Actual Budget Actual Budget Actual 2024 $24,875,563 $25,177,634 101% 593.

89. Slide 89: EnergyWise Home DEP

    Year End 2024 DEP Collaborative Report Product Jerscicton EnergyWise Home DEP EnergyWise Home Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual Budget Actual Budget ‘Actual 2024 $16,385,108 $18,912,413 115% 69.63 60.26 6

90. Slide 90: Income-Qualified Power Manager and Energy Wise Home

    Income-Qualified Power Manager and Energy Wise Home Income-Qualified Power Manager® Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target DEC NPV of Avoided Cost $0.0 $0.0 N/A 2024 Program Expenses $0.0 $0.0 N/A Savings (MW) 0.0 0.0 N/A Savings (MWH) 0 0.0 N/A Units 0 0 N/A

91. Slide 91: Income-Qualified Power Manager DEC

    Year End 2024 DEC Collaborative Report Product Jrsciton Income-Qualified Power Manager® DEC Income-Qualified Power Manager® Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants $0 ° ° 0% 0.00 0.00 0% Co) 5 0% 2024 $36,896 0% ¥ £ - 2024 ‘Actual Annual S

92. Slide 92: Income-Qualified EnergyWise Home DEP

    Year End 2024 DEP Collaborative Repor' Proauct darscicton Income-Qualified EnergyWise Home Income-Qualified EnergyWise Home Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget Actual % Budget ‘Actual % Budget ‘Actual % $0 o 0.00

93. Slide 93: Nonresidential Program Update

    Nonresidential Program Update

94. Slide 94: Business Energy Saver

    Business Energy Saver Business Energy Saver Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target DEC NPV of Avoided Cost $37.7 $34.2 91% 2024 Program Expenses $13.8 $13.2 96% Savings (MW) 10.5 11.4 108% Savings (MWH) 58,826.6 48,162.3 82% Units 59,288,570 51,733,689 87% Bus

95. Slide 95: Business Energy Saver DEC

    Year End 2024 DEC Collaborative Report Product rsdn Business Energy Saver DEC Business Energy Saver Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budget ‘Actual Budget Actual Budget ‘Actual 2024 $13,763,928 $13,236,507 58,827 48,1

96. Slide 96: Business Energy Saver DEP

    Year End 2024 DEP Collaborative Report Product Jerson Business Energy Saver DEP Business Energy Saver Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual Budget ‘Actual Budget ‘Actual 2024 $8,879,537 $5,552,681 36,343 13,6

97. Slide 97: Smart $aver Products and Assessments

    Smart $aver Products and Assessments Summary Non Residential Smart Saver Prescriptive & SmartSaver Custom Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $172.6 $90.5 52% DEC 2024 Program Expenses $47.3 $33.5 71% Savings (MW) 39.5 22.3 56% Savings (

98. Slide 98: Non Residential Smart $aver DEC

    Year End 2024 DEC Collaborative Report Proauct Jrsciton Non Residential Smart $aver® DEC Non Residential Smart $aver® Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual Budget ‘Actual Budget ‘Actual 2024 $47,345,463 $33,4

99. Slide 99: Non Residential Smart $aver DEP

    Year End 2024 DEP Collaborative Report Preauct Jersdicton Smart $aver® Non Residential Products and Assessments“ DEP Smart $aver® Non Residential Products and Assessments Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budget ‘Actua

100. Slide 100: Performance Incentive

     Performance Incentive NonResidential Smart $aver® Performance Incentive Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $17.2 $17.8 104% DEC 2024 Program Expenses $3.6 $4.3 118% Savings (MW) 3.6 2.0 55% Savings (MWH) 31,619.1 33,223.5 105% Units 35,

101. Slide 101: Smart $aver Energy Efficient Performance Incentive DEC

     Product Jurisdiction Year End 2024 DEC Collaborative Report ‘Smart $aver® Energy Efficient Performance Incentive DEC Smart $aver® Energy Efficient Performance Incentive Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual B

102. Slide 102: Non Residential Performance Incentive DEP

     Year End 2024 DEP Collaborative Report Preauct Jersdicton Smart $aver® Non Residential Performance Incentive Prog... DEP Smart $aver® Non Residential Performance Incentive Program Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budg

103. Slide 103: Demand Response

     Demand Response

104. Slide 104: EnergyWise for Business

     EnergyWise for Business EnergyWise for Business Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $2.9 $2.1 30% DEC 2024 Program Expenses Savings (MW) $2.5 12.2 $2.8 8.0 58% 63% Savings (MWH) 762.2 1,583.5 97% Units 203,773 8,572 4% 1) Values are refl

105. Slide 105: EnergyWise for Business DEC

     Product Jurisdiction Year End 2024 DEC Collaborative Report EnergyWise for Business DEC EnergyWise for Business Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget Actual Budget ‘Actual Budget ‘Actual 2024 $2,461,251 $2,828,818 11

106. Slide 106: EnergyWise for Business DEP

     Product Jurisdiction Year End 2024 DEP Collaborative Report EnergyWise for Business DEP EnergyWise for Business Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budget ‘Actual Budget ‘Actual Budget ‘Actual 2024 $1,383,604 $1,501,741

107. Slide 107: PowerShare DEC

     PowerShare PowerShare® Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $71.5 $69.9 98% DEC 2024 Program Expenses $17.5 $19.2 110% Savings (MW) 438.4 427.6 98% Savings (MWH) 0.0 0.0 N/A Units 411,000 400,631 97% 107

108. Slide 108: PowerShare DEC Program Budget, Savings

     Year End 2024 DEC Collaborative Report Procuct darscieton PowerShare® DEC PowerShare® Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget Actual Budget ‘Actual Budget ‘Actual 2024 $17,502,126 $19,191,036 110% 438.35 427.62 411,000

109. Slide 109: CIG DRA

     CIG DRA Commercial, Industrial, Governmental Demand Response (CIG EE, EEB) Vintage 2024 As Vintage 2024 $ in millions, rounded Filed Year End % of Target NPV of Avoided Cost $8.4 $0.0 0% DEP 2024 Program Expenses $2.7 $2.3 85% Savings (MW) 40.79 33.92 83% Savings (MWH) Units 39,400 32,763 83% 109

110. Slide 110: Commercial, Industrial, Governmental Demand Response DEP

     Year End 2024 DEP Collaborative Report Procuct Jerscition Commercial, Industrial, Governmental Demand Response -Y DEP Commercial, Industrial, Governmental Demand Response Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget ‘Actual Budget Actual

111. Slide 111: Wrap Up, Scheduling, Topics for Future Collaborative Meetings

     Wrap Up, Scheduling, Topics for Future Collaborative Meetings Carolinas DSM/EE Collaborative - Duke Energy (duke-energy.com)

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