Duke Energy Corporation (holding Company) · NYSE:DUK
Duke Energy Corporation (holding Company) — Corporate Update (July 2025)
30 slides from Duke Energy Corporation (holding Company)'s corporate update, Jul 10, 2025
Slide 1: Carolinas Collaborative Meeting
Carolinas Collaborative Meeting July 10, 2025
Slide 2: Agenda
Agenda 9:00 – 9:05 Introductions and Safety Minute 9:05 – 9:15 Regulatory Update 9:15 – 10:00 Update on Active Load Management 10:00 – 10:30 Update Smart $aver EOL and ER&R New Measures 10:30 – 11:00 Future non-res Storage DR Program 11:00 – 11:30 Future non-res DSM/EE Programs Enhancements 11:30 –
Slide 3: Safety – Heat-Related Illness
Safety – Heat-Related Illness https://my.clevelandclinic.org/health/diseases/22111-hyperthermia
Slide 4: Regulatory Update
Regulatory Update North Carolina South Carolina Program filings DEP PowerShare DEC Filing - E-7 sub 1314 DEC Filing – 2025-101-E LI Multifamily Working Group Filed Feb 2025 Filed March 2025 Ongoing IRA Updates SC Program Modifications DEP Filing – E-2 sub 1357 DEP Filing – 2025-203-E Doc
Slide 5: AC Bidirectional V2X Technology Test
AC Bidirectional V2X Technology Test • V2X technology test of bidirectional charging in partnership with an auto OEM using alternating current (AC) bidirectional technology in compatible vehicles. • Test the viability of V2X by discharging multiple customer- owned EV’s stored energy back to the grid
Slide 6: 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
Slide 7: Update on Active Load Management
Update on Active Load Management
Slide 8: Load Flexibility Valuation
Load Flexibility Valuation Brian Lusher, P.E. July 2025
Slide 9: DSM Valuation Framework
DSM Valuation Framework Today Future North Carolina Active Load Management Integrated Resource programs or modifications to programs Planning • Reducing emissions • Reducing the need for system balancing Avoided Cost resources Generation, • Enhance or maintain resource adequacy Transmission & • Redu
Slide 10: Transmission
Transmission Distribution Deferrat- %, Reliability & Microgrids Votage Support é Me “ +, x AS 1Y Yhg é Ops rane
Slide 11: Potential Valuation Opportunities
Potential Valuation Opportunities Primary Secondary Detail Reduced Fuel Cost Direct fuel cost reduction from more frequent operation of demand side Generation Energy (kWh) management Reduced Purchased Generation & Capacity purchases may be 2-3 days ahead of time to real time. Energy Capacity Transmi
Slide 12: Complexity of Distribution Valuation
Complexity of Distribution Valuation Starting with a forecasted date of a constraint taking place on the system. Wires analysis: • Scope of engineered solution • Cost of engineered solution • Date of engineered solution in place Non-Wires Alternative analysis: • Time required for customer acquisitio
Slide 13: How to get to program design from here
How to get to program design from here The best grid resource is: Active Load Management opportunities: No or low emissions - Reducing emissions Fast response - Reducing the need for system balancing resources Dispatchable & Available - Enhance or maintain resource adequacy Distributed across system
Slide 14: Update Smart $aver EOL and ER&R New Measures
Update Smart $aver EOL and ER&R New Measures
Slide 15: Smart $aver New Measures
Smart $aver New Measures July 2025 15
Slide 16: Smart $aver New Measures
Smart $aver® New Measures Expand the Smart $aver suite of solutions for either End Of Life (EOL) & Early Replacement &Retrofit (ER&R) measures Stand-alone Mini-Splits Replacement Windows + Aging housing stocks indicate + Customers receive higher incentives growing need for improving the thermal boun
Slide 17: Stand-Alone Mini Splits
Stand-Alone Mini Splits End Of Life (EOL) & Early Replacement &Retrofit (ER&R) measures We are seeing more mini-splits in the marketplace. Customer like: Additional comfort without the additional costs of other systems Super-efficient and reliable systems Easier installation as the units may not req
Slide 18: Replacement Windows
Replacement Windows End Of Life (EOL) Eligibility Requirements Complete the window replacement process with a Smart $aver participating contractor. Multi-family properties and manufactured homes are not eligible for participation. The home (in which the customer has replaced the windows) must
Slide 19: Future Non-Res Storage DR Program
Future Non-Res Storage DR Program
Slide 20: Non-Residential Storage DR Development Timeline
Non-Residential Storage DR Development Timeline 20 This document contains confidential information and is intended for use solely by the recipient(s). For discussions purposes only.
Slide 21: Customer Surveys & Stip Party Feedback
Customer Surveys & Stip Party Feedback CUSTOMER BROAD INDUSTRIES CUSTOMER’S RESILIENCY + SURVEYS REPRESENTED WOWED SUSTAINABILITY 12 customers interviewed by 4 education, 3 government, Universal high enthusiasm Resiliency + Sustainability an outside qualitative 4 manufacturing, and 1 and strong appe
Slide 22: Non-Residential Storage DR Program Overview
Non-Residential Storage DR Program Overview Initiative Description Program Overview Program will incentivize the control of a behind the meter storage system for peak load reduction that, when paired Help business customers leverage storage control with a solar system, provides clean MW to the grid
Slide 23: Program Requirements & Comparison to Existing Offerings
Program Requirements & Comparison to Existing Offerings Non-Residential PowerShare PowerShare PowerShare EnergyWise Business – EnergyWise Business - Description Load Control BYOkW Storage DR Mandatory Mandatory 50 Mandatory Plus Dispatch Type Economic and Emergency Emergency (EEA1) Emergency (EEA1)
Slide 24: Customer Participation Incentive Examples
Customer Participation Incentive Examples Large C&I Customer SMB Customer 125 kW 125 kW 36 kW 36 kW Solar- Storage Solar- Storage Connected (non-solar) Connected (non-solar) Storage Storage 1st Year Connection Credit $20,000 $15,000 $5,760 $4,320 Annual DR Credit $3,720 $3,720 $1,071 $1,071 Event En
Slide 25: Future Non-Res DSM/EE Programs Enhancements
Future Non-Res DSM/EE Programs Enhancements
Slide 26: Update on Where We Are
Update on Where We Are • DEP PowerShare – Expansion into NC and SC o If PowerShare Expansion is approved, will request closure of DRA to new participants • Summer and Winter Load • PowerShare Enhancements • Short and Long Notification 26
Slide 27: Enhancements Under Consideration
Enhancements Under Consideration Enhancement Details Incentive Impact Auto DR • Utility control through IT integrations with control Higher systems, partnering with customers on a case by case basis • Higher confidence in curtailment = higher incentive Auto DR + 10 Minute Fast Start • Energy Control
Slide 28: Expanded Event Notification Choices, within Mandatory Curtailment
Expanded Event Notification Choices, within Mandatory Curtailment 120-min 10-min notification 30-min notification notification *proposed* *existing* *proposed* Dispatch Type Emergency Emergency Emergency Delivery Year Period Calendar Year Calendar Year Calendar Year Minimum Curtailable Demand 100 kW
Slide 29: Rider PS Housekeeping Updates
Rider PS Housekeeping Updates EXPOSURE PERIODS UPDATED Exposure periods used to calculate monthly credits now fully encompass TOU hours, ensuring TOU response isn’t incentivized as DR capacity. FACILITIES FEES REMOVED $40/month legacy facilities fee removed from the program. PENALTIES INCREASED Pena
Slide 30: 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) In our efforts to encourage open discussion, please be advised that Duke Energy is holding this meeting under Chatham House Rule. That means that participants are allowed to s