Duke Energy Corporation (holding Company) · NYSE:DUK

Duke Energy Corporation (holding Company) — Corporate Update (November 2023)

51 slides from Duke Energy Corporation (holding Company)'s corporate update, Nov 2, 2023

  1. Slide 1: Carolinas Collaborative Meeting

    Carolinas Collaborative Meeting November 2, 2023

  2. Slide 2: Safety

    Safety Driving after 20 hours without sleep = a blood-alcohol concentration of 0.08% You are three times more likely to be in a car crash if you are fatigued You can travel the length of football field on the highway in 4-5 seconds of “micro-sleep” Are you too tired to drive?  Frequent yawning or d

  3. Slide 3: Agenda

    Agenda  Introductions and Safety Minute  Mechanism Review Status  Regulatory Update  IRA funding update  Recovery filings  EM&V  Program filings –  SC Energy Office Energy Labeling  ToB Pilot – SC & ToB NC Initiative  Smart $aver Modifications  EM&V  Income-qualified DR  PowerShare Mand

  4. Slide 4: Regulatory Update

    Regulatory Update North Carolina South Carolina  DEC Filing - E-7 sub 1285  DEC Filing – 2023-92-E  DEP Filing – E-2 sub 1322  DEP Filing – 2023-213-E Program filings:  ToB Pilot – SC & ToB NC  DEC Weatherization  Smart $aver Modifications  Home Energy House Call Modification  Income-qualif

  5. Slide 5: 2023 Priorities

    2023 Priorities  Income-qualified programming and LIAC recommendations  Multifamily pilot program Keep these priorities in mind  Low-income carve out in market rate programs during the EM&V review and  Mechanism review other discussions  Determine appropriate use of NEB  Developing guidelines

  6. Slide 6: Evaluation, Measurement & Verification

    Evaluation, Measurement & Verification November 2, 2023

  7. Slide 7: DEC/DEP Collaborative: Reports to be discussed today

    DEC/DEP Collaborative  Reports to be discussed today: Date of Report Evaluator Residential New Construction 4/28/23 Guidehouse Power Manager BYOT Winter (2021/22, DEC) 7/5/2023 Resource Innovations/ Apex Analytics EnergyWise Home Summer (2022, DEP) 7/6/2023 Guidehouse K-12 Education (DEC/DEP) 9/1/2

  8. Slide 8: Residential New Construction (DEP)

    Residential New Construction (DEP) The RNC program is a two-path new construction program offered to support energy efficient new construction practices with incentives and design assistance the whole home pathway or the equipment-only pathway. Evaluation covered June 1st, 2018 – June 30th, 2020. Im

  9. Slide 9: Residential New Construction (DEP) Process Evaluation

    Residential New Construction (DEP) Process Evaluation Findings & Recommendations  GH conducted online surveys with builders and HERS raters, and in-depth interviews with program staff.  Recommendations & findings include:  Provide additional training and info to raters  Builders requested additi

  10. Slide 10: Power Manager BYOT Winter 2021-22 (DEC)

    Power Manager BYOT Winter 2021-22 (DEC)  Power Manager is a voluntary demand response program that provides incentives to residential customers who allow Duke Energy to reduce their electricity usage on summer or winter days with high energy usage.  Resource Innovations conducted the 2022 analysis

  11. Slide 11: Power Manager BYOT Winter 2021-22 Process Evaluation

    Power Manager BYOT Winter 2021-22 Process Evaluation Key Findings Include:  Most respondents are pleased with the program and would recommend it to others.  Power Manager events did not lead to statistically significant increases in reported thermal discomfort for BYOT participants during the wint

  12. Slide 12: EnergyWise Home Summer 2022

    EnergyWise Home Summer 2022  The EnergyWise Home (EnergyWise) demand response (DR) program offers Duke Energy Progress (DEP) residential customers the opportunity to earn credits on their electricity bill by allowing DEP to remotely cycle and curtail air conditioners (A/C) during times of peak seas

  13. Slide 13: EnergyWise Home Summer 2022 Process Evaluation

    EnergyWise Home Summer 2022 Process Evaluation Key Findings Include:  The process evaluation assessed participant’s satisfaction and the degree to which customer’s conform was impacted by curtailment.  The analysis consisted of 18 post-event surveys and one or more “placebo” post-event surveys to

  14. Slide 14: Energy Efficiency Education Program for Schools (DEC/DEP)

    Energy Efficiency Education Program for Schools (DEC/DEP)  Energy Efficiency Education Program for Schools provides age-appropriate school performances by National Theatre for Children (NTC) to teach students about energy and energy conservation. They also provide teachers with classroom curriculum

  15. Slide 15: Energy Efficiency Education Program for Schools Process Evaluation

    Energy Efficiency Education Program for Schools (DEC/DEP) Process Evaluation Key Findings  Parents most often requested energy-saving kits from the program website.  Parents were highly satisfied with the kit measures.  Teachers reported that NTC performances were engaging, entertaining, and info

  16. Slide 16: EnergyWise Home Winter 2022/2023

    EnergyWise Home Winter 2022/2023  The EnergyWise Home (EnergyWise) demand response (DR) program offers Duke Energy Progress (DEP) residential customers the opportunity to earn credits on their electricity bill by allowing DEP to remotely cycle and curtail air conditioners (A/C) during times of peak

  17. Slide 17: Power Manager (DLC & BYOT) Summer 2022

    Power Manager (DLC & BYOT) Summer 2022 Impact Evaluation Key Findings Include:  The Summer 2022 evaluation consisted of a desk review with two DLC and two BYOT events.  Events were called between the hours of 3:00 PM and 6:30 PM at temperatures ranging from 92°F to 96°F.  Average estimated event

  18. Slide 18: (=, DUKE

    (=, DUKE Se” ENERGY.

  19. Slide 19: SC Energy Office Energy Labeling Initiative

    SC Energy Office Energy Labeling Initiative

  20. Slide 20: South Carolina Home Energy Labeling Project Overview

    South Carolina Home Energy Labeling Project Overview Title Here Thursday, November 2nd, 2023 Subtitle South Carolina Office of Regulatory Staff | Date XX, XXXX SCEnergyOffice

  21. Slide 21: Energy Efficiency Roadmap Initiative

    Energy Efficiency Roadmap Initiative Overview • Stakeholder Initiative launched in October 2019 ENERGY.SC.GOV/EERoadmap • 2016 State Energy Plan Title Here • Six Working Groups • Final Report – 2021 Subtitle South Carolina Office of Regulatory Staff | Date XX, XXXX SCEnergyOffice

  22. Slide 22: Label, Sticker Disclosures

    Label, Sticker Disclosures • Simple, uniform energy labeling for renters and purchasers • For information on energy performance • Voluntary ENERGY.SC.GOV/EERoadmap Title Here Subtitle South Carolina Office of Regulatory Staff | Date XX, XXXX SCEnergyOffice

  23. Slide 23: SC Labeling Approach

    SC Labeling Approach • Stakeholder Working Group providing input and guidance to program development. • Statewide voluntary labeling infrastructure being created. • Energy Office to provide assistance for local labeling partners with SC.Title Here Subtitle South Carolina Office of Regulatory Staff |

  24. Slide 24: 2021-2023 Activity

    2021-2023 Activity • Pilot interest • Conversations to learn • City of Columbia • Home Energy Score • Coastal Carolina • NEEP/SEEA University • Connecticut • Support from NASEO • Missouri Title Here • Working Group • Oregon • One-on-one Subtitle discussions • University of Oregon • Becoming a DOE •

  25. Slide 25: Energy Label Project Phases

    Energy Label Project Phases • Energy Label Design • What is the key information for the SC label • How is the Information presented on the label • Administration • Who creates the label • Who manages the assessor/rater Title Here • Training & Education Needs • Who needs training • What is critical t

  26. Slide 26: Customized SC Home Energy Label

    Customized SC Home Energy Label Title Here Subtitle South Carolina Office of Regulatory Staff | Date XX, XXXX SCEnergyOffice

  27. Slide 27: Next Steps

    Next Steps • Release Labeling Vendor RFP: Q4 2023 • Select Vendor for Full Program Lunch: Q1 2024 • Identify Local Partners for Pilot Projects: Q1 – Q2 2024 • Train Initial Assessors: Q2 – Q3 2024 • Launch Pilot Projects: Q3 2024 Title Here Subtitle South Carolina Office of Regulatory Staff | Date X

  28. Slide 28: Thank You! Questions?

    Thank You! Questions? Title Here Subtitle South Carolina Office of Regulatory Staff | Date XX, XXXX SCEnergyOffice

  29. Slide 29: Contact & Project Information

    Contact & Project Information Michael Garner Energy Data Specialist, South Carolina Energy Office Office of Regulatory Staff 803-737-2090 Title Here mgarner@ors.sc.gov Project Information Page:Subtitle https://energy.sc.gov/focus-area/energy- South Carolina Office of Regulatory Staff | efficiency/bu

  30. Slide 30: ENERGY.SC.GOV

    ENERGY.SC.G V Title Here Subtitle South Carolina Office of Regulatory Staff | Date XX, XXXX SCEnergyOffice

  31. Slide 31: EM&V Continued

    EM&V Continued =, DUKE wv

  32. Slide 32: SC Pilot Programs Update

    SC Pilot Programs Update (= DUKE wv

  33. Slide 33: High-Energy Use Pilot deep home retrofits

    The High-Energy Use Pilot will install deep home retrofits at no cost to the customers with the aim of reducing energy bills for individual high electricity, low-income customers

  34. Slide 34: South Carolina Update

    South Carolina Update November 2024

  35. Slide 35: Eligibility Scope

    Eligibility Scope At or below 200% of FPL In DEP South Carolina Average kWh usage ≥ 18,200 kWh usage Need EE Estimated: 10,554 Upgrades kWh usage by sqft May Need ≥ 14 kWh usage per sqft H&S Repairs Estimated: 4,228

  36. Slide 36: Customer Scope

    Customer Scope 40% Over 3 years the Pilot in South Carolina DEP will 40% of homes could not be aim at 1,000 or 500 weatherized due to Health and Safety participants Income Concerns Qualified Homeowners & 400 Renters. To serve 1,000 Estimated Funds from customers, an average of 400 will City, County,

  37. Slide 37: The Customer and their Home

    The Customer and their Home Insulation • 1000 : 691 • 500 : 346 2% Comprehensive Air Sealing • 1000 : 913 Tier 1 Package • 500 : 456 to LED & Water 4% Measures Energy Star • 1000 : 772 Refrigerator • 500 : 386 Replacement Of Utility Income • 1000 : 73 Qualified Programs reach Heat Pump • 500 : 36 el

  38. Slide 38: Marketing Plan

    Marketing Plan WEB VIDEO Build website overview, infographic, call to Create as overview video tutorial for action, video, application and FAQs. customers. Create a customer testimonial video. Educational EDUCATION DIRECT Leverage the following to promote and Customers will receive text message, edu

  39. Slide 39: Clean Energy Fund for Health & Safety

    Clean Energy Fund for Health & Safety with Jen Weiss

  40. Slide 40: North Carolina Clean Energy Fund

    North Carolina Clean Energy Fund November 2, 2023

  41. Slide 41: North Carolina Clean Energy Fund

    North Carolina Clean Energy Fund • NCCEF grew from 2020 market assessment • Our mission is to fill market gaps for underserved populations • Renewable power • Building efficiency • Clean transportation • Agriculture • Provide accessible financing products where the market does not exist • If it alre

  42. Slide 42: The NCCEF Team

    The NCCEF Team 20XX 42 CO-DIRECTORS BOARD MEMBERS

  43. Slide 43: Program Examples

    Program Examples • Consumer loans serving regional electrification campaigns • Credit enhancements to reduce risk for local credit unions and CDFIs. • Loans for health and safety repairs • Tie in workforce development • Bridges to Federal Incentives • Consumer rebates and tax credits • Any IRA or ut

  44. Slide 44: Opportunity Ahead (2023-2024)

    Opportunity Ahead (2023-2024) • Create 2-3 scalable financing products • Source funding for pilots – local, state, philanthropic • Support NC partners responding to BIL and IRA • Grow pipeline of fundable projects • Partner collaborations • Contractor networks and trade associations • Position NC to

  45. Slide 45: $27B Greenhouse Gas Reduction Fund

    $27B Greenhouse Gas Reduction Fund • National Clean Investment Fund (NCIF) - $14 billion • 2-3 national nonprofits will provide funds to community lenders to support clean energy • Clean Communities Investment Accelerator (CCIA) - $6 billion • Launch or expand programs to provide low-income and disa

  46. Slide 46: EnergizeNC Online Portal

    EnergizeNC Online Portal • Identify eligible incentives households including EnergizeNC incentives and other federal, state, utility, and local incentives • Connect with consumer-education calculators and resources • Identify participating contractors through a certified network • Connect to financi

  47. Slide 47: Collaboration Opportunities

    Collaboration Opportunities • DEC High Energy Use Program (Pilot) • Forsyth, Guilford and Mecklenburg Counties • Household income at or below 200% of federal poverty level • Electricity usage greater than 17,800 kWh in last 12 months • NCCEF Opportunities • Health and safety investment needed to qua

  48. Slide 48: Thank you!

    Thank you! Jen Weiss Co-Director jenw@nccleanenergyfund.org www.nccleanenergyfund.com 48

  49. Slide 49: Priorities for 2024

    Priorities for 2024 =, DUKE wv

  50. Slide 50: Ideas?

    Ideas?  Potential Changes to Collaborative Structure:  Include attorneys acting as legal counsel when appropriate in limited working groups  Continue to exclude legal counsel in general meetings to preserve informal discussions and to ensure that organizations without the budget for representatio

  51. Slide 51: 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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