Duke Energy Corporation (Holding Company) · NYSE:DUK

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

65 slides from Duke Energy Corporation (Holding Company)'s corporate update, Sep 7, 2023

  1. Slide 1: Duke Energy Carolinas Collaborative Meeting

    Duke Energy Carolinas Collaborative Meeting September 7, 2023

  2. Slide 2: Agenda

    Agenda  Introductions and Safety Minute  Portfolio Review  Regulatory Update  Residential Programs  Recovery filings  SC Pilot programs update (HEUP and ToB)  Mechanism review  Nonresidential Program Update  Program filings –  ACEEE 2023 Scorecard o ToB Pilot and Program  Wrap Up and Sche

  3. Slide 3: Safety – Driving

    Safety – Driving It’s deer migration and mating season! • Slow down. If you see deer warning signs or you know there are deer around, reduce your speed. • Always wear your seatbelt. Your seatbelt is your best protection from injuries in the event of a crash. • Watch for eyes reflecting in your headl

  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: Regulatory Update

    Regulatory Update North Carolina South Carolina  DEP Filing - E-2 sub xxx  DEP Filing – 2023-213-E  Filed July xxx  Filed July 1  Comments from intervenors due October 15 Program filings:  PowerShare Mandatory Plus  ToB Pilot and Program  Goal to file in September  Comments received Jan 6 i

  6. Slide 6: Portfolio Performance

    Portfolio Performance (= DUKE we

  7. Slide 7: DEC/DEP Collaborative Meeting

    \ _ DEC/DEP Collaborative Meeting = DUKE Ww” ENERGY.

  8. Slide 8: DEC Lifetime Savings by Program

    DEC Lifetime Savings by Program DEC 2023 YTD June Program Msr Life MWh Net FR @ Plant Residential Energy Efficient Appliances and Devices 791,149 NonResidential Smart $aver® Energy Efficient Lighting Products 655,699 NonResidential Smart $aver® Performance Incentive 467,871 My Home Energy Report 364

  9. Slide 9: DEP Lifetime Savings by Program

    DEP Lifetime Savings by Program DEP 2023 YTD June Program Msr Life MWh Net FR @ Plant Energy Efficient Lighting 600,441 Residential New Construction 392,185 NonResidential Smart $aver® Energy Efficient Products and Assessment 253,780 My Home Energy Report 191,416 Business Energy Saver 161,005 Reside

  10. Slide 10: Savings as a Percent of Gross Retail Sales

    Savings as a Percent of Gross Retail Sales Sum of Actual Annual Prior Year Retail Row Labels Energy Savings (Net at Sales Gross 1% Goal Plant) (kwh at plant) DEC 2019 858,638,336 81,399,234,148 1.05% 2020 647,843,719 80,109,037,686 0.81% 2021 645,050,386 75,506,398,814 0.85% 2022 671,150,220 78,549,

  11. Slide 11: Residential Program Update

    Residential Program Update = DUKE we

  12. Slide 12: Income-Qualified Programs

    Income-Qualified Programs

  13. Slide 13: Neighborhood Energy Savers & Weatherization - DEC

    Neighborhood Energy Savers & Weatherization - DEC Income-Qualified Energy Efficiency and Weatherization Assistance 1 Vintage 2023 Vintage 2023 % of $ in millions, rounded As Filed YTD June 30, 2023 Target NPV of Avoided Cost $6.7 $4.1 61% Program Cost $8.8 $4.8 55% MW 2.0 1.2 56% MWH 9,120.9 3,393.1

  14. Slide 14: Neighborhood Energy Savers & Weatherization – DEP

    Neighborhood Energy Savers & Weatherization – DEP Neighborhood Energy Saver Vintage 2023 Vintage 2023 % of $ in millions, rounded As Filed YTD June 30, 2023 Target NPV of Avoided Cost $3.4 $3.2 93% Program Cost $3.4 $2.3 68% MW 1.0 0.9 91% MWH 4,628.6 2,768.3 60% Units 6,400 4,684 73% Income-Qualifi

  15. Slide 15: Neighborhood Energy Savers & Weatherization

    Neighborhood Energy Savers & Weatherization NES • Kick-off event • Direct mail (letters and reminder post cards) • Door hangers • Press releases and/or neighborhood flyers • Community presentations and partnerships • Inclusion in community publications such as newsletters, etc. Through June 2023  K

  16. Slide 16: Neighborhood Energy Savers

    Neighborhood Energy Savers NES Actual NES Actual DEC NC 1820 DEP NC 2755 DEC SC DEP SC 551 1959 NES 2.0 Actual NES 2.0 Actual DEC NC DEP NC Air Sealing 732 Air Sealing 333 Attic Installation 598 Attic Installation 395 Duct Sealing 522 Duct Sealing 290 Smart Thermostat 301 Smart Thermostat 115 DEC SC

  17. Slide 17: Weatherization

    Weatherization DEC NC DEC SC DEP NC DEP SC Goal Actual Goal Actual Goal Actual Goal Actual Weatherization 470 243 65 83 381 54 91 0 Refrigerator Replacement 200 23 75 26 44 2 55 0 # of # of Total # of Total # of Total Projects Total Paid Projects Paid Projects Paid Projects Paid Refrigerator Replace

  18. Slide 18: Weatherization WERP and RRP

    Weatherization WERP and RRP In addition to agency outreach efforts • Direct mail • Door hangers • Community presentations and partnerships • direct mail campaign to approximately 14,000 income-qualified customers. HEUP • Direct mail • Three-tiered email strategy with links, QR codes and guide to the

  19. Slide 19: Programs that are free to Participants

    Programs that are free to Participants

  20. Slide 20: Multi-Family Energy Efficiency

    Multi-Family Energy Efficiency Residential Multi-Family Energy Efficiency1 Vintage 2023 Vintage 2023 % of $ in millions, rounded As Filed YTD June 30, 2023 Target NPV of Avoided Cost $11.1 $4.9 45% Program Cost $3.3 $1.2 36% MW 2.4 1.5 64% MWH 18,590.8 8,482.5 46% Units 440,728 123,110 28% 1) Values

  21. Slide 21: My Home Energy Reports (MyHER)

    My Home Energy Reports (MyHER) 21

  22. Slide 22: My Home Energy Reports (MyHER)

    My Home Energy Reports (MyHER) DEC 1,422,587 DEP 814,894 NC 1,092,703 SC 329,884 NC 732,446 SC 82,448 Single Family 944,137 Single Family 304,131 Single Family 654,270 Single Family 74,152 Paper 920,460 Paper 295,284 Paper 634,317 Paper 72,256 Online 23,677 Online 8,847 Online 19,953 Online 1,896 Mu

  23. Slide 23: Mid-Year 2023 DEC Collaborative Report: My Home Energy Report

    Mid-Year 2023 DEC Collaborative Repo Product erection 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 $10,822,444 204,880 282

  24. Slide 24: Mid-Year 2023 DEP Collaborative Report: My Home Energy Report

    Mid-Year 2023 DEP Collaborative Report Product erection 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 $5,890,093 133,917 102

  25. Slide 25: EE in Education

    EE in Education Energy Efficiency Education* Vintage 2023 Vintage 2023 % of Sin millions, rounded As Filed YTD June 30, 2023 Target NPV of Avoided Cost $28 $0.5 19% Program Cost $22 $0.5 23% Mw (2.3) (0.4) 19% MWH 13,527.5 2,636.5 19% Units 26,670 5,198 19% 1) Values are reflected at the system leve

  26. Slide 26: EE in Education

    EE in Education DEP NC - PMID 9054 Number of Schools 136 Number of Performances 220 Number of Students 32,679 Number of Kits 2,692, jsc-pmip9055 Number of Schools 27 Number of Performances 40) Number of Students 8,317 Number of Kits 640 ffotalDEP Number of Schools 163} Number of LIVE Performances 26

  27. Slide 27: Mid-Year 2023 DEC Collaborative Report

    Mid-Year 2023 DEC Collaborative Repo Product erection 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 6441 0.69 151 219% 26,250 3

  28. Slide 28: Home Energy House Call

    Home Energy House Call Residential Energy Assessment* Vintage 2023 Vintage 2023 % of Sin millions, round As Filed YTD June 30, 2023 Target NPV of Avoided Cost $83 $13 15% Program Cost $5.6 $10 19% Mw 18 03 14% MWH 14,843.9 2,250.9 15% Units 125,315 7,320 6% 1) Values are reflected at the system leve

  29. Slide 29: Home Energy House Call

    Home Energy House Call DEC DEC DEP DEP Grand Total (NC) (SC) (NC) (SC) HEHC- Smart Thermostat 188 51 241 26 506 HEHC- Specialty Globe LED 429 65 644 188 1,326 HEHC- Specialty Recessed LED 248 181 411 359 1,199 HEHC- Specialty Candelabra LED 348 168 536 644 1,696 HEHC- Specialty Showerhead 42 18 79 2

  30. Slide 30: Mid-Year 2023 DEP Collaborative Report

    Mid-Year 2023 DEP Collaborative Report Product erection 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 $1,417

  31. Slide 31: Programs with Participant Costs

    Programs with Participant Costs

  32. Slide 32: Energy Efficient Appliances and Devices

    Energy Efficient Appliances and Devices 32

  33. Slide 33: Retail Lighting

    Retail Lighting  DEC Retail Lighting is included in EE Appliances and Devices Program.  Retail Lighting as a stand-alone program was discontinued July 1, 2023. 33

  34. Slide 34: Mid-Year 2023 DEP Collaborative Report

    Mid-Year 2023 DEP Collaborative Report Product erection 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 1

  35. Slide 35: Smart $aver Residential

    Smart $aver Residential Smart $aver® Participation YTD June North Carolina South Carolina Totals 2023 DEC 7565 1457 9022 DEP 4651 109 4760 Total 12,216 1,566 13,782 35

  36. Slide 36: Residential Smart $aver

    Residential Smart $aver  Information to educate customers about the Program and encourage participation and Trade Ally enrollment links are available on the Program’s website.  Improvements were also made the Smart Saver website to improve the visibility and ease for trade allies to learn about ou

  37. Slide 37: Residential New Construction

    Residential New Construction 37

  38. Slide 38: Demand Response

    Demand Response

  39. Slide 39: Power Manager and Energy Wise Home

    Power Manager and Energy Wise Home 39

  40. Slide 40: SC Pilot Programs Update

    SC Pilot Programs Update (= DUKE wv

  41. Slide 41: High-Energy Use Pilot

    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

  42. Slide 42: South Carolina Update

    South Carolina Update fs DUKE HIGH ENERGY USAGE Se” ENERGY. | ASSISTANCE

  43. Slide 43: Eligibility Scope

    Eligibility Scope At or below 200% of FPL Electric Energy Usage Eligibility In DEP South Threshold Options Carolina Average kWh usage Need EE Upgrades kWh usage by sqft May Need kWh usage by income H&S Repairs

  44. Slide 44: Average kWh Usage

    Average kWh Usage Top 50% There is an estimated 78K income qualified customer in DEP South Carolina: The top 50% has an average usage of 18,880 kWh annually

  45. Slide 45: Average kWh Usage

    Average kWh Usage Remove Outliers By removing the top 4% of high kWh usage and bottom 1% of low kWh usage there are an estimated 74.3K homes with: Average kWh usage at 12,342 annually. The average usage for customer greater than 12,342 kWh annually is 17,618.

  46. Slide 46: kWh Usage by SQFT

    kWh Usage by SQFT 17,800 kWh and Above Avg Home sqft Energy LMI Quantity = 17,932 Intensity under Qty homes with square footage data available = 9,365 17,800 kWh Avg kWh= 23,248 200% FPL with kWh per sq Avg Sq Ft = 1,883 ft greater than 14 = 1,691 Avg kWh per sq ft = 14 Qty homes with square footage

  47. Slide 47: kWh Usage by Income Range

    kWh Usage by Income Range At of below The average usage for $50K customer greater than 13,415 is: 18,395. annually For customers making less than $50K per year there are strong concentrations of higher kwh usage. By removing the top 3.6% of high kWh users and using estimated sqft range of 400 to 4,0

  48. Slide 48: kWh Usage by Income Range

    kWh Usage by Income Range Family of 5 with electric bills greater than 6% of income For customers making less than $70K per year using more than 32,437 kWh annually: The average is 34,813 annually. Monthly bill exceeds $350 monthly.

  49. Slide 49: Nonresidential Program Update

    Nonresidential Program Update

  50. Slide 50: Prescriptive Programs

    Prescriptive Programs

  51. Slide 51: Business Energy Saver

    Business Energy Saver e ss Energy Saver ntage 2023 As Filed NPV of Avoided Cost 46% Program Cost $13.0 46% Mw 14.7 45% MWH 61,580.2 42% Units? 58,868,579 45% 1) Values are reflected at the system level. 2) Units reflect gross kWh. Smal! Business Energy Saver Vintage 2023 Vintage 2023 ns, rounded As

  52. Slide 52: Smart $aver Prescriptive

    Smart $aver Prescriptive Non Residential Smart Saver Prescriptive 1 Vintage 2022 Vintage 2022 % of $ in millions, rounded As Filed YTD December 31, 2022 Target NPV of Avoided Cost $118.8 $73.3 62% Program Cost $34.3 $21.3 62% MW 33.9 19.9 59% MWH 189,264.1 117,927.2 62% Units 10,564,165 6,600,034 62

  53. Slide 53: Custom Programs

    Custom Programs

  54. Slide 54: Smart $aver Custom

    Smart $aver Custom Non Residential Smart Saver Custom1 Vintage 2022 Vintage 2022 % of $ in millions, rounded As Filed YTD December 31, 2022 Target NPV of Avoided Cost $26.2 $14.7 56% Program Cost $9.7 $6.6 69% MW 6.6 4.2 64% MWH 46,402.4 21,230.2 46% Units 31,726 31,646 100% 1) Values are reflected

  55. Slide 55: Custom Assessments

    Custom Assessments Non Residential Smart Saver Custom Technical Assessments1 Vintage 2022 Vintage 2022 % of $ in millions, rounded As Filed YTD December 31, 2022 Target NPV of Avoided Cost $2.8 $0.5 17% Program Cost $1.5 $0.3 17% MW 0.6 0.06 10% MWH 5,350.5 822.2 15% Units 3,408 3 0% 1) Values are r

  56. Slide 56: Performance Incentive

    Performance Incentive Non Residential Smart Saver Performance Incentive 1 Vintage 2022 Vintage 2022 % of $ in millions, rounded As Filed YTD December 31, 2022 Target NPV of Avoided Cost $3.4 $9.5 276% Program Cost $2.1 $2.4 111% MW 0.8 5.5 681% MWH 7,050.4 3,676.0 52% Units 8,402,092 7 0% 1) Values

  57. Slide 57: Demand Response

    Demand Response

  58. Slide 58: EnergyWise Business

    EnergyWise Business EnergyWise for Business1 Vintage 2022 Vintage 2022 % of $ in millions, rounded As Filed YTD December 31, 2022 Target NPV of Avoided Cost $2.2 $1.0 47% Program Cost $5.1 $2.3 45% MW 17.1 7.0 41% MWH 0.0 244.1 - Units2 18,452 7,414 40% 1) Values are reflected at the system level. 2

  59. Slide 59: PowerShare

    PowerShare PowerShare 1 Vintage 2023 Vintage 2023 % of $ in millions, rounded As Filed YTD June 30, 2023 Target NPV of Avoided Cost $56.9 $40.2 71% Program Cost $13.1 $8.7 67% MW2 330.9 488.2 148% MWH 0.0 N/A 0% Units3 310,343 457,432 147% Notes on Tables: 1) Values are reflected at the system level

  60. Slide 60: CIG DRA

    CIG DRA Commercial, Industrial, and Governmental Demand Response Vintage 2023 Vintage 2023 % of $ in millions, rounded As Filed YTD June 30, 2023 Target NPV of Avoided Cost $8.6 $0.0 0% Program Cost $2.7 $1.4 51% MW2 40.1 34.3 86% MWH 0.0 0.0 0% Units3 38,749 33,174 86% 60

  61. Slide 61: Comments on ACEEE 2023 Scorecard

    Comments on ACEEE 2023 Scorecard

  62. Slide 62: ACEEE 2023 Scorecard

    ACEEE 2023 Scorecard  ACEEE evaluated 53 of the country’s largest utilities  These company’s account for ~58% of total electricity sales in USA  Possibility of scoring 100 points First, the utility would need to spend at least 9% of its revenue on energy efficiency programs, and at least one-quar

  63. Slide 63: ACEEE 2023 Scorecard

    ACEEE 2023 Scorecard Performance Programs Group Group Enabling Group Total Score (54 points) (20 pts) (26 pts) (100 pts) Duke NC 8.5 13.5 9 31 Duke SC 7 12.5 9 28.5 Duke Progress 7 13.5 9 29.5 Issues: • Divisions between states • Scores reflect not only the utilities themselves, but also the legisla

  64. Slide 64: ACEEE 2023 Scorecard

    ACEEE 2023 Scorecard  “Consequently, the scores and rankings that utilities earn on this Utility Scorecard reflect not only the utilities themselves, but also the legislative and regulatory environments within which they operate.” (p. 8)  “We included both of the Duke Energy subsidiaries in North

  65. Slide 65: Wrap Up, Scheduling, Topics for Future Collaborative Meetings

    Wrap Up, Scheduling, Topics for Future Collaborative Meetings

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