The DOE announces grants for Duke Energy projects, bringing total funding to nearly $96 million

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New DOE funding would be applied to critical upgrades at Duke Energy plants in Kentucky and North CarolinaLatest funding would bring total federal support to nearly $96 million while helping keep costs down for customersThis news builds on recent Duke Energy announcements delivering billions in customer savingsCHARLOTTE, N.C., June 5, 2026 /PRNewswire/ -- Duke Energy was selected by the U.S. Department of Energy (DOE) for new grant funding totaling up to $61.8 million to support reliability and refurbishment projects at coal-fired power plants in Kentucky and North Carolina. This news builds on a previously announced $34 million grant for Belews Creek Steam Station in North Carolina, bringing total DOE funding for Duke Energy projects at these sites to nearly $96 million. Duke Energy will now enter negotiations to finalize funding amounts. The new funding includes:Up to $33.4 million for East Bend Station in KentuckyUp to $28.4 million for Roxboro Station units 2 and 3 in North CarolinaWhat this means: Duke Energy filed applications requesting grant funding late last year, as these plants were identified for needed refurbishment of critical components to maintain operational reliability. As energy demand continues to grow across Duke Energy's service areas, maintaining and enhancing existing power plants remains one of the most efficient ways to deliver dependable service. DOE funding helps to offset the cost of these projects and reduce the amount that would otherwise be borne by customers.Our view:"We take every opportunity at Duke Energy Kentucky to reduce costs for our customers while continuing to deliver the reliable energy they depend on, and we appreciate the partnership of the Trump administration and DOE in this regard," said Amy Spiller, president of Duke Energy's utility operations in Ohio and Kentucky. "These investments at East Bend will strengthen reliability for the communities and businesses we serve while helping lower the cost of necessary upgrades over time.""This funding supports previously planned critical upgrades that help ensure we can continue delivering reliable power to our North Carolina customers while keeping costs as low as possible," said Kendal Bowman, president of Duke Energy's utility operations in North Carolina. "As our state continues to grow, investments like these help us meet increasing demand, support local commu...

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