Duke Energy Corporation (holding Company) · NYSE:DUK
Duke Energy Corporation (holding Company) — Corporate Update (March 2025)
42 slides from Duke Energy Corporation (holding Company)'s corporate update, Mar 13, 2025
Slide 1: Carolinas Resource Plan Meeting 1
Carolinas Resource Plan Meeting 1 March 13, 2025 2025 Carolinas Resource Plan | 1
Slide 2: Meeting recording notice
Please note, this meeting is being recorded. Presentations will be posted on the IRP website and discussion portions will be temporarily stored for internal purposes only to ensure accuracy of meeting notes. 2025 Carolinas Resource Plan | 2
Slide 3: Safety
Safety March is Workplace Eye Wellness Awareness Month! Taking breaks is good eye health. It’s standard practice for professional desk sitters to break up long sedentary periods with a stretch break and wellness walks to clear the head. When you disengage from staring at a screen, giving your eyes a
Slide 4: Welcome - Julie Janson
Welcome Julie Janson Executive Vice President and CEO Duke Energy Carolinas 2025 Carolinas Resource Plan | 4
Slide 5: Facilitator of 2025 Engagement: Great Plains Institute (GPI)
Facilitator of 2025 Engagement: Great Plains Institute (GPI) Benjamin Stafford Alissa Bemis Trevor Drake Senior Policy Meeting & Vice President, Manager Administrative Manager Energy Systems Aileen Cole Audrey Negro Hallie Turner Senior Policy Meeting & Policy Associate Research Specialist Administr
Slide 6: Agenda
Agenda 9:00 – 9:05 a.m. Open & Safety Moment Trevor Drake, GPI 9:05 – 9:10 a.m. Welcome Remarks Julie Janson Trevor Drake, GPI 9:10 – 9:15 a.m. Agenda & Meeting Structure Benjamin Stafford, GPI 9:15 – 9:55 a.m. Introduction to IRP & Planning Process Glen Snider 9:55 – 10:05 a.m. 2023 Carolinas Resou
Slide 7: Meeting Structure
Meeting Structure 2025 Carolinas Resource Plan | 7
Slide 8: Meeting Ground Rules
Meeting Ground Rules Respect each other: Chatham House Rule: Focus on today’s topics: Help us to collectively uphold Empower others to voice their Please respect the scope of respect for each other's perspective by respecting the today’s meeting to make the most experiences and opinions, even in Cha
Slide 9: Attendee Roles: Observers
Attendee Roles: Observers ▪ Please use the "Q&A" feature on the menu at the bottom of your screen to submit questions to presenters and technical representatives. Please be respectful and focus on the issues, not people. ▪ Questions/comments submitted will be visible to all participants. ▪ We will a
Slide 10: Attendee Roles: Technical Representative
Attendee Roles: Technical Representative ▪ Technical representatives ▪ To manage participation, please use the “Raise hand" feature may utilize their camera to indicate you would like to join the conversations (observers and unmute themselves. do not use the "raise hand" feature). Click on "React“ a
Slide 11: Additional Participation
Additional Participation Meeting materials and presentation recordings* will be uploaded to the website: www.duke-energy.com/CarolinasResourcePlan Questions/comments can be submitted through the "Contact Us" form on the website or send an email to DukeCarolinas@gpisd.net ▪ *Q&A portions of meetings
Slide 12: IRP Team
IRP Team Matt Kalemba BJ Byers Karen Hall Emma Goodnow VP Integrated Manager IRP Modeling Resource Planning Regulatory Director IRP Strategic Resource Planning & Analytics & Strategy Director Integration Glen Snider Jennifer Poppler Mike Quinto Dylan Lustig Managing Director Manager IRP Modeling Dir
Slide 13: Meeting 1 Technical Representatives
Meeting 1 Technical Representatives Technical Representatives: ▪ Taylor Allred, Coastal Conservation League ▪ John Gaertner, Charlotte-Mecklenburg Climate Leaders ▪ Richard Harkrader, Carolina Solar Energy, LLC ▪ Snowil Lopes, Clemson University ▪ Dustin Metz, NCUC Public Staff ▪ Nick Phillips, CIGF
Slide 14: Introduction to IRP and Planning Process
Introduction to IRP and Planning Process 2025 Carolinas Resource Plan | 14
Slide 15: Resource Planning for a Dual-State System
Resource Planning for a Dual-State System Carolinas Service Territory ▪ Duke Energy owns over 34 GW of power generating capacity serving 4.6 million retail customers across 52,000 square miles in North and South Carolina ▪ Resource planning considers needs of the entire service territory, although r
Slide 16: Fundamentals of Resource Planning in the Carolinas
Fundamentals of Resource Planning in the Carolinas Planning to Serve Increasing Energy Needs Demand Patterns Vary Seasonally Customer ▪ Load forecast changes Demand ▪ Economic development driving growth Growth ▪ Effects of customer programs and grid edge resources ▪ Power station retirement Resource
Slide 17: Orderly Transition as Coal-Fired Generation Plants Retire
Orderly Transition as Coal-Fired Generation Plants Retire Note: This visual is based on 2023 Carolinas Resource Plan and has not been updated with 2025 inputs. 2025 Carolinas Resource Plan | 17
Slide 18: Developing a Resource Portfolio: Analytical Process
Developing a Resource Portfolio: Analytical Process Develop Spring Long-Term Reliability 2025 Model Inputs Planning Models Verification Strategic Energy & Risk Valuation Model Forecasts & Assumptions (SERVM) Load Forecast Evaluate portfolio reliability over 43 EE/DSM Forecasts weather years, includi
Slide 19: Foundation Building to Our Plan
Foundation Building to Our Plan Reliability- Execution- Optimized for Increasingly clean focused informed balanced cost and diverse Plan resource mix The modeling and analytics supporting the Carolinas Resource Modeling Plan must be DART: Influencing Extreme Policy Supply factors: Inflation weather
Slide 20: Execution-Informed Planning
Execution-Informed Planning Storage Solar Natural Gas EE/DSM Transmission 2025 Carolinas Resource Plan | 20
Slide 21: Developing the Carolinas Resource Plan
Developing the Carolinas Resource Plan Planning Cycle To capture the best information at a given time, Duke Energy must “snap the chalk line” once inputs have been developed with input from the stakeholder process. 2025 Carolinas Resource Plan | 21
Slide 22: Questions
Questions 2025 Carolinas Resource Plan | 22
Slide 23: 2023 Carolinas Resource Plan Activities & Concurrent Engagement
2023 Carolinas Resource Plan Activities & Concurrent Engagement 2025 Carolinas Resource Plan | 23
Slide 24: Advancing the 2023 Carolinas Resource Plan
Advancing the 2023 Carolinas Resource Plan Since the North Carolina Utilities Commission Progress is also being made to comply with Progress(“NCUC”) andlast since the the Carolinas Public Service Commission Resource Planof Orders updates to NCUC rule R8-60a as well as the South Carolina (“PSCSC”) is
Slide 25: Additional Engagement Opportunities
Additional Engagement Energy Efficiency/Demand-Side Opportunities Management Collaborative Electric Transportation Collaborative Stakeholder engagement is foundational to Duke Energy’s business, and the Carolinas Transmission Planning Collaborative topics covered within the Carolinas Resource Plan r
Slide 26: Questions
Questions 2025 Carolinas Resource Plan | 26
Slide 27: Engagement Timeline
Engagement Timeline 2025 Carolinas Resource Plan | 27
Slide 28: Proposed Engagement Timeline
Proposed Engagement Timeline March April May June MEETING 1 MEETING 2 MEETING 3 MEETING 4 March 13 April 28 Late May Late June Resource Planning & the Load Forecasting & Demand-Side Supply-Side Modeling Analytical Framework & Changing Energy Landscape Modeling Assumptions Assumptions & Tech Updates
Slide 29: BREAK
BREAK 2025 Carolinas Resource Plan | 29
Slide 30: Changing Energy Landscape
Changing Energy Landscape 2025 Carolinas Resource Plan | 30
Slide 31: Long-Term Resource Planning Objectives
Long-Term Resource Planning Objectives 2025 Carolinas Resource Plan | 31
Slide 32: Changing Energy Landscape: Risks & Signposts
Changing Energy Landscape Risks & Signposts Load Growth Supply Chain and Workforce Needs • Economic development • Material availability, diversification, labor • Residential customer growth Timely Regulatory Action Policies and Regulations • Permitting, certificates, customer programs, • Clean Air A
Slide 33: Checking and Adjusting
Checking and Adjusting Risk monitoring informs continuous planning and enables checking and adjusting near- and long-term actions 2025 Carolinas Resource Plan | 33
Slide 34: Federal Policy Updates
Federal Policy Updates 2025 Carolinas Resource Plan | 34
Slide 35: Questions
Questions 2025 Carolinas Resource Plan | 35
Slide 36: BREAK
BREAK 2025 Carolinas Resource Plan | 36
Slide 37: Facilitated Discussion: Issues for Consideration
Facilitated Discussion: Issues for Consideration 2025 Carolinas Resource Plan | 37
Slide 38: Open Discussion - Resource Plan Engagement
Open Discussion - Resource Plan Engagement Which questions need to be considered and addressed? 2025 Carolinas Resource Plan | 38
Slide 39: Additional Participation
Additional Participation Meeting materials and presentation recordings* will be uploaded to the website: www.duke-energy.com/CarolinasResourcePlan Questions/comments can be submitted through the "Contact Us" form on the website or send an email to DukeCarolinas@gpisd.net ▪ *Q&A portions of meetings
Slide 40: Proposed Engagement Timeline
Proposed Engagement Timeline March April May June MEETING 1 MEETING 2 MEETING 3 MEETING 4 March 13 April 28 Late May Late June Resource Load Forecasting & Supply-Side Analytical Planning & the Demand-Side Modeling Framework & Changing Energy Modeling Assumptions & Reliability Landscape Assumptions T
Slide 41: Next Engagement Meeting
Next Engagement Meeting Engagement Meeting #2 will take place on April 28, 2025 Invitations to register for Meeting 2 will be sent in the coming weeks to all stakeholders. Registration will also be available on the website: www.duke-energy.com/CarolinasResourcePlan 2025 Carolinas Resource Plan | 41
Slide 42: Thank you!
Thank you! 2025 Carolinas Resource Plan | 42