Duke Energy : resource plan builds on work already underway that supports South Carolina’s growth while delivering value to customers

About this update from Duke Energy Corporation (holding Company)

Plan balances reliability, diverse resources and costs while helping communities in the Carolinas continue to build robust economies Near-term actions serve our customers' rising energy needs while keeping customer benefits, value and future optionality central to resource planning GREENVILLE, S.C. - South Carolina is one of the fastest-growing states in the nation, attracting new residents, major employers and billions of dollars in economic investment. Meeting the state's energy needs requires a reliable energy system that can support thriving communities while keeping costs as low as possible for customers. Duke Energy's 2026 Carolinas Resource Plan - submitted Aug. 14 to the Public Service Commission of South Carolina (PSCSC) - reflects execution already underway and highlights new opportunities to power South Carolina's future. The strategy is designed to maximize the value of existing assets while making prudent investments in additional diverse resources needed to serve the state's growing population and economy. Through an execution-informed planning approach, Duke Energy will continue adjusting to changing conditions while maintaining its focus on delivering safe, reliable and affordable energy for Palmetto State customers. Our view: "South Carolina's success depends on having the energy infrastructure in place to support new residents, new businesses and new or expanding industries," said Tim Pearson, Duke Energy's South Carolina president. "We've made significant progress executing the strategy outlined in previous resource plans, and this updated roadmap builds on that momentum and details the additional actions we need to take now to keep the Carolinas powered reliably and affordably as the region grows." A plan for South Carolina: Consistent with previous resource plans and supportive of South Carolina energy policy goals under the 2025 Energy Security Act (Act 41), the latest plan advances new generation, new energy storage and renewables opportunities, evaluates future nuclear generation options, maximizes energy efficiency and maintains flexibility to adapt as customer needs, technology and market conditions evolve. What's in the plan? Key elements include: Natural Gas: Natural gas is a major near-term reliability resource, with uprates completed, multiple combined cycle (CC)/combustion turbine (CT) projects advancing, approval for a 1,40...

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