Duke Energy Corporation (Holding Company) · NYSE:DUK

Duke Energy Corporation (Holding Company) — Corporate Update (March 2023)

61 slides from Duke Energy Corporation (Holding Company)'s corporate update, Mar 9, 2023

  1. Slide 1: Duke Energy Carolinas Collaborative Meeting

    Duke Energy Carolinas Collaborative Meeting March 9, 2023

  2. Slide 2: Agenda

    Agenda  Introductions and Safety Minute  Regulatory Update  Review 2023 Priorities  Recovery filings  Portfolio Performance  Program filings –  LMI Study Recommendations o HEUP  Residential Program Update o TOB Program and Pilot o DEP Weatherization  Nonresidential Program Update o Solar EE

  3. Slide 3: Regulatory Update

    Regulatory Update North Carolina South Carolina  DEC Filing - E-7 sub 1285  DEC Filing – 2023-xxxx-E  Filed Feb 28  Will be filed March 15  Comments from intervenors due June 15 Program filings:  DEP Weatherization  High Energy Use Pilot  Approved in SC  Filed in NC only  Approved in NC 2/

  4. Slide 4: 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 program review  Mechanism review  Determine appropriate use of NEB  Developing guidelines for expedited regul

  5. Slide 5: Portfolio Performance

    Portfolio Performance = DUKE we

  6. Slide 6: 2022 DEC Portfolio Summary

    Jurisdiction 2022 DEC Collaborative Report DEC 2022 Portfolio Summary Demand Energy Actual Performance Total Annual % of Energy UCT Score TRC Score (MW) Actual = (MWh) Expenditures Incentives Energy Sales Sales 1,130.81 671,150 $120,683,805 $77,786,239 59,984,243 1% 2.80 2.64 Company Statistics Prio

  7. Slide 7: DEC 2022 EE Portfolio Expenditures by Program

    2022 DEC Collaborative Report 2022 EE Portfolio Expenditures by Program Program Program Type Actual Costs Budget Costs % Jurisdiction DEC 2022 EE Portfolio Expenditure Summary by Cost Type Cost Category of Total Budget Costs Actual Costs % of Total Energy Assessments Program Energy Efficiency Educat

  8. Slide 8: DEC All Program Budget, Savings & Actual

    2022 DEC Collaborative Report Jurisdiction DEC All Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget ‘Actual % Budget ‘Actual % Budget Actual 2016 $123,781,349 — $151,574,107 122% 591,015 801,779 1,047.97 979.59 122,678,112 12

  9. Slide 9: DEC Residential and Non-Residential Portfolio Energy Savings

    2022 DEC Collaborative Report Report Veer ansdievon 2022 DEC Residential Portfolio Energy Savings Non-Residential Portfolio Energy Savings Energy Efficient Appliances 19.65% Non-Residential Smart Save. Residential Smart Saver Ene. 1.93% Non-Residential Smart Save. Energy Efficiency Education 1.20% M

  10. Slide 10: 2022 DEP Portfolio Summary

    Jurisdiction 2022 DEP Collaborative Report DEP 2022 Portfolio Summary Demand Energy Actual Performance Total Annual % of Energy UCT Score TRC Score (MW) Actual = (MWh) Expenditures Incentives Energy Sales Sales 563.40 372,744 $78,784,166 $49,520,575 29,398,792 1% 1.57 1.55 Company Statistics Prior Y

  11. Slide 11: DEP 2022 EE Portfolio Expenditures by Program

    2022 DEP Collaborative Report 2022 EE Portfolio Expenditures by Program Program Program Type Actual Costs Budget Costs Appliances and Devices Energy Education Program for Schools Energy Efficient Lighting Low Income Weatherization Pilot Multi-Family My Home Energy Report Neighborhood Energy Saver Re

  12. Slide 12: DEP All Program Budget, Savings & Actual

    2022 DEP Collaborative Report Jurisdiction DEP All Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget ‘Actual % Budget ‘Actual % Budget Actual 2016 $86,525,157 $85,558,746 99% 351,831 339,918 110.87 90.37 44,379,842 81,326,577

  13. Slide 13: DEP Portfolio Energy Savings by Program

    2022 DEP Collaborative Report My Home Energy Report Energy Efficient Lighting Residential New Constructi Appliances and Devices Residential Energy Assessm Residential SmartSaver Neighborhood Energy Saver Multi-Family energy téveaton ogam . | 057% 0% Program My Home Energy Report Energy Efficient Lig

  14. Slide 14: LMI Participation Recommendations

    LMI Participation Recommendations

  15. Slide 15: LMI Participation Report – Key Findings

    LMI Participation Report – Key Findings  Duke Energy programs struggle to reach historically hard-to-reach and frequently disadvantaged populations, namely renters, residents of multifamily properties, and more transient populations  The most significant barriers to LMI participation are program a

  16. Slide 16: LMI Participation Report – ODC Recommendations

    LMI Participation Report – ODC Recommendations  Continue to offer low-income programs  Continue expanding their low-income offerings to reach more low-income customers outside of neighborhoods with a high concentration of LMI customers.  Utilize existing LMI networks and leverage word-of-mouth ou

  17. Slide 17: Residential Program Update

    Residential Program Update =, DUKE we

  18. Slide 18: Income-Qualified Programs

    Income-Qualified Programs

  19. Slide 19: DEC Income Qualified Energy Efficiency and Weatherization Assistance

    2022 DEC Collaborative Report Product Jurisdiction Income Qualified Energy Efficiency and Weatherization As... V DEC Income Qualified Energy Efficiency and Weatherization Assistance Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Bud

  20. Slide 20: DEP Neighborhood Energy Saver

    2022 DEP Collaborative Report Product Jurisdiction 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 2016 $1,792,345 $2,052,535 1

  21. Slide 21: Programs that are free to Participants

    Programs that are free to Participants

  22. Slide 22: DEC All Program Budget, Savings & Actual

    2022 DEC Collaborative Report Product Jurisdiction Multiple selections DEC All Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget ‘Actual % Budget ‘Actual % Budget Actual 2016 $1,883,584 $2,518,988 134% 12,320 15,235 124% 1.02

  23. Slide 23: DEP Multi-Family

    2022 DEP Collaborative Report Product Jurisdiction Multi-Family DEP Multi-Family Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget ‘Actual % Budget ‘Actual % Budget Actual 2016 $1,974,027 $2,045,220 104% 10,993 12,462 113% 1.0

  24. Slide 24: DEC My Home Energy Report

    2022 DEC Collaborative Report Product Jurisdiction 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 2016 $12,206,008 $10,822,444 89% 204

  25. Slide 25: DEP My Home Energy Report

    2022 DEP Collaborative Report Product Jurisdiction 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 2016 $8,770,681 $5,890,093 67% 133,9

  26. Slide 26: DEC All Program Budget, Savings & Actual

    2022 DEC Collaborative Report Product Jurisdiction Multiple selections DEC All Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual % Budget ‘Actual % Budget Actual 2016 $2,474,928 $2,126,509 6,580 : 98% 0.69 151 219% 26,25

  27. Slide 27: DEP Energy Education Program for Schools

    2022 DEP Collaborative Report Product Jurisdiction Energy Education Program for Schools DEP 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 2016 $

  28. Slide 28: DEC All Program Budget, Savings & Actual

    2022 DEC Collaborative Report Product Jurisdiction Multiple selections DEC All Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget ‘Actual % Budget ‘Actual % Budget Actual 2016 $3,010,149 $2,678,893 89% 7547 7,389 0.93 1.07 7,65

  29. Slide 29: DEP Residential Energy Assessments

    2022 DEP Collaborative Report Product Jurisdiction 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 2016 $843,942 $1,4

  30. Slide 30: Programs with Participant Costs

    Programs with Participant Costs

  31. Slide 31: DEC Energy Efficient Appliances and Devices

    2022 DEC Collaborative Report Product Jurisdiction Energy Efficient Appliances and Devices DEC 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

  32. Slide 32: DEP All Program Budget, Savings & Actual

    2022 DEP Collaborative Report Product Jurisdiction Multiple selections DEP All Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget ‘Actual % Budget ‘Actual % Budget Actual 2016 $993,420 $674,538 68% 12,758 17,672 1.02 5.91 257,6

  33. Slide 33: DEP Energy Efficient Lighting

    2022 DEP Collaborative Report Product Jurisdiction 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 2016 $13,508,880 $17,441,878

  34. Slide 34: DEC All Program Budget, Savings & Actual

    2022 DEC Collaborative Report Product Jurisdiction Multiple selections DEC All Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget ‘Actual % Budget ‘Actual % Budget Actual 2016 $5,107,181 $7,839,566 154% 3,365 6,295 153 2.46 9,9

  35. Slide 35: DEP Residential Smart$aver

    2022 DEP Collaborative Report Product Jurisdiction Residential SmartSaver DEP Residential Smart$aver Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual 9 Budget ‘Actual % Budget ‘Actual % Budget Actual 2018 $3,847,421 $7,168,833 3,134 7

  36. Slide 36: DEC Residential New Construction

    Product Jurisdiction 022 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 % 2022 $0 $397,283 0%

  37. Slide 37: DEP Residential New Construction

    2021 DEP Collaborative Report Product Jurisdiction 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 % 2016 $13,917,269 $9,

  38. Slide 38: Demand Response

    Demand Response

  39. Slide 39: DEC PowerManager

    2022 DEC Collaborative Report Product Jurisdiction PowerManager DEC PowerManager Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual % Budget ‘Actual Budget ‘Actual 2016 $12,881,566 $13,644,970 106% 504.19 455.39 90% 474,6

  40. Slide 40: DEP EnergyWise

    2022 DEP Collaborative Report Product Jurisdetion EnergyWise DEP EnergyWise Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual % Budget ‘Actual Budget ‘Actual 2016 $12,799,495 $13,633,666 107% 22.81 34.06 149% 11,433 18,4

  41. Slide 41: Nonresidential Program Update

    Nonresidential Program Update

  42. Slide 42: Prescriptive Programs

    Prescriptive Programs

  43. Slide 43: DEC All Program Budget, Savings & Actual

    2022 DEC Collaborative Report Product Jurisdiction Multiple selections DEC All Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget ‘Actual % Budget ‘Actual % Budget Actual 2016 $21,459,213 $15,360,852 72% 68,899 85,688 16.60 16.

  44. Slide 44: DEP Small Business Energy Saver

    2022 DEP Collaborative Report Product Jurisdiction ‘Small Business Energy Saver DEP Small Business Energy Saver Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget ‘Actual % Budget ‘Actual % Budget Actual 2016 $9,913,059 $9,336,

  45. Slide 45: DEC All Program Budget, Savings & Actual

    2022 DEC Collaborative Report Product Jurisdiction Multiple selections DEC All Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget ‘Actual % Budget ‘Actual % Budget Actual 2016 $11,553,041 $42,304,359 366% 105,657 179,738 18.01

  46. Slide 46: DEP Non-Residential Smart$aver Prescriptive

    2022 DEP Collaborative Report Product Jurisdiction Non-Residential Smart$aver Prescriptive DEP Non-Residential Smart$aver Prescriptive Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual 9 Budget ‘Actual % Budget ‘Actual % Budget Actual

  47. Slide 47: Custom Programs

    Custom Programs

  48. Slide 48: DEC All Program Budget, Savings & Actual

    2022 DEC Collaborative Report Product Jurisdiction Multiple selections DEC All Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual % Budget ‘Actual % Budget ‘Actual % Budget Actual 2016 $9,835,671 $7,356,509 75% 78,437 52,155 8.95 7.93 6

  49. Slide 49: DEP Non-Residential Smart$aver Custom

    2022 DEP Collaborative Report Product Jurisdiction Non-Residential Smart$aver Custom DEP Non-Residential Smart$aver Custom Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual 9 Budget ‘Actual % Budget ‘Actual % Budget Actual 2018 $1,783,

  50. Slide 50: DEC All Program Budget, Savings & Actual

    2022 DEC Collaborative Report Product Jurisdiction Multiple selections DEC All Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual % Budget ‘Actual Budget ‘Actual 2016 $2,811,494 $2,034,308 72% 17,529 16,953 2.00 158 79% 1

  51. Slide 51: DEC All Program Budget, Savings

    2022 DEC Collaborative Report Product Jurisdiction Multiple selections DEC All Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants 0% 0 Oo) 0% 0.00 0% 0 Acti 2016 $0 $35,670 . 0.00 2017 $0 $320,559 0% U) 12 0.00 0.00 0% o 0% 2018 $998,804 $479,610 48%

  52. Slide 52: DEP Non-Residential Smart$aver Performance

    2022 DEP Collaborative Report Product Jurisdiction Non-Residential Smart$aver Performance DEP Non-Residential Smart$aver Performance Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual Budget ‘Actual Budget Actual 2018 $1,

  53. Slide 53: Demand Response

    Demand Response

  54. Slide 54: DEC EnergyWise for Business

    2022 DEC Collaborative Report Product Jurisdiction 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 2016 $470,304 719 1.20 0 1,960 2017 aT

  55. Slide 55: DEP EnergyWise for Business

    2022 DEP Collaborative Report Product Jurisdiction 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 781 2016 $2,166,386 $1,112,815 51% 412

  56. Slide 56: DEC PowerShare

    2022 DEC Collaborative Report Product Jurisdiction PowerShare DEC PowerShare Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants Budget Actual Budget ‘Actual % Budget ‘Actual Budget ‘Actual 2016 $18,313,920 $14,291,024 78% 424.80 368.90 87% 399,929 34

  57. Slide 57: DEP Commercial, Industrial, & Governmental Demand Response

    2022 DEP Collaborative Report Product Jurisdetion Commercial, Industrial, & Governmental Demand Response “ DEP Commercial, Industrial, & Governmental Demand Response Program Budget, Savings & Number of Measures Expenditures Energy Savings Demand Savings Participants 2016 $3,159,367 $1,615,703 51% 12

  58. Slide 58: DEP SC Up Close

    DEP SC Up Close (= DUKE wv

  59. Slide 59: DEP SC Housing Match-up

    DEP SC Housing Match-up DEP(NC) 1,298,337 DEP(NC) 395,594 DEP SC Income DEP(SC) 140,760 DEP(SC) 72,958 Income DEP(SC) 72,958 Qualified 1,439,097 468,552 Qualified 84

  60. Slide 60: DEP SC Housing Match-up

    DEP SC Housing Match-up Ave Annual Ave Annual Ave Annual Households kWh Households kWh Households kWh DEP(NC) 1,298,337 13,757 Income DEP(NC) 395,594 15,137 DEP SC DEP(SC) 72,958 16,611 Qualified Income DEP(SC) 140,760 15,973 DEP(SC) 72,958 16,611 Qualified 1,439,097 468,552 Home Square Feet Home Sq

  61. Slide 61: Wrap Up, Scheduling, Topics for Future Collaborative Meetings

    Wrap Up, Scheduling, Topics for Future Collaborative Meetings

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