Duke Energy (DUK) announced that its subsidiary, Duke Energy Florida, received approval from the Florida Public Service Commission (“FPSC”) to lower rates. Per the revision residential customers using 1,000-kilowatt hours (kWh) of electricity per month will experience a decline of $11.29 or 6%, in their January 2024 electricity bill when compared with December 2023.The reduction in rates will also benefit commercial and industrial consumers of Duke Energy Florida. Customers can expect to save between 5.6% a ...

Request reflects steps to keep pace with changes and better serve customers in the Palmetto State   Proposal is the company's first requested increase in retail base rates since 2018 GREENVILLE, S.C., Jan. 4, 2024 /PRNewswire/ -- Duke Energy Carolinas today asked South Carolina regulators to review its current rates – the first such review since 2018 – as the company continues working to increase system diversity and reliability, enhance the customer experience and meet future energy demands for more than ...

Duke Energy Corporation (NYSE:DUK) Q3 2023 Results Conference Call November 2, 2023 10:00 AM ET Company Participants Abby Motsinger - VP, IR Lynn Good - Chair, President and CEO Brian Savoy - EVP and CFO Conference Call Participants Shahriar Pourreza - Guggenheim Julien Dumoulin-Smith - Bank of America Steve Fleishman - Wolfe Research Nick Campanella - Barclays Durgesh Chopra - Evercore John Miller - Goldman Sachs Operator Good morning. Thank you for attending the Duke Energy's Third Quarter Earnings Review ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q | (Mark One) | | | | --- | --- | --- | | ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the quarterly period ended September 30, 2023 | | | | OR | | | ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the transition period from _________to_________ | | | | Registrant, State of Incorporation or Organization, IRS Emplo ...

DUKE ENERGY CORPORATION REPORTED TO ADJUSTED EARNINGS RECONCILIATION Three Months Ended June 30, 2022 (Dollars in millions, except per share amounts) Special Item A – Net of $2 million recorded within Noncontrolling Interests. $18 million tax benefit related to the Duke Energy Indiana Supreme Court ruling on the Condensed Consolidated Statements of Operations. DUKE ENERGY CORPORATION REPORTED TO ADJUSTED EARNINGS RECONCILIATION Six Months Ended June 30, 2022 (Dollars in millions, except per share amounts) A ...

Financial Data and Key Metrics Changes - The company reported adjusted earnings per share of $0.91 for the quarter, down from $1.14 and $1.09 in the previous year [60] - The second quarter loss was $0.32 per share, attributed to an impairment of approximately $1 billion related to the commercial renewable sale [60] - The company expects to recover approximately $1.7 billion of deferred fuel costs in 2023, which will strengthen the balance sheet [48][60] Business Line Data and Key Metrics Changes - Electric utilities and infrastructure segment was down $0.14 compared to last year, primarily due to $0.16 of unfavorable weather [34] - Gas utilities and infrastructure results were up by $0.01 due to higher margins and customer growth [61] - The long-term residential growth trajectory remains strong, with residential volumes averaging just under 1% growth per year for the past five years [36] Market Data and Key Metrics Changes - The company has seen a slight pullback in some manufacturing customers due to softening demand in certain sectors, but underlying fundamentals remain strong [37] - In the commercial class, second quarter volumes are trending above full-year estimates, supported by growth in data centers [36] - The residential class customer growth remained robust at 1.8%, but was offset by lower usage per customer [95] Company Strategy and Development Direction - The company is focused on organic growth, with a clear strategy to invest in clean, affordable, and reliable energy across its growing regions [59] - The strategic portfolio repositioning is complete, and the company is now a fully regulated entity operating in constructive jurisdictions [18][59] - The company plans to continue adding about 300 megawatts of solar capacity per year in Florida over the next decade [20] Management's Comments on Operating Environment and Future Outlook - Management noted that the first half of the year was navigated with agility, taking swift action in response to record mild weather while maintaining strategic priorities [22] - The company reaffirms its guidance range for 2023, expecting to achieve a growth rate of 5% to 7% over the long term [28] - Management emphasized that the fundamentals of the business remain strong despite challenges from weather and inflation [69] Other Important Information - The company is preparing for hearings related to energy transition in the Carolinas, which remains a top strategic priority [19] - The company has implemented a $300 million cost mitigation initiative to address interest rate and inflation headwinds [35] - The company has a $65 billion five-year capital plan, which supports its growth rate target through 2027 [65] Q&A Session Summary Question: What is the company's outlook for the second half of the year? - Management indicated that the financial plan was always back-end loaded, and they expect to see stronger results in the third and fourth quarters [73] Question: How is the company managing interest rate exposure? - Management is actively working through financial plans to offset the impact of higher interest rates and is focused on maintaining balance sheet strength [49][88] Question: What is the company's stance on inorganic growth opportunities? - Management reiterated that the sole focus is on organic growth, emphasizing that any potential M&A would need to exceed the current organic growth plan [46][71]

| WASHINGTON, D.C. 20549 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION | | | --- | --- | --- | | FORM | 10-Q | | | (Mark One) | | | | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the quarterly period ended June 30, 2023 | | | | OR | | | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the transition period from _________to_________ | | | | Registrant, State of Incorporation or Organization, ...

Duke Energy Corporation (NYSE:DUK) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants Abby Motsinger - Vice President-Investor Relations Lynn Good - Chair, President and Chief Executive Officer Brian Savoy - Executive Vice President and Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Bank of America Steve Fleishman - Wolfe Research David Arcaro - Morgan Stanley Bill Appicelli - UBS Operator Hello everyone. And welcom ...

Earnings Performance - GAAP reported EPS for Q1 2023 was $1.01, down from $1.08 in Q1 2022, primarily due to unfavorable weather and higher interest expenses [350]. - Adjusted EPS for Q1 2023 was $1.20, compared to $1.29 in Q1 2022, reflecting similar challenges as GAAP EPS [351]. - The effective tax rate (ETR) increased from 10.4% in Q1 2022 to 15.5% in Q1 2023, attributed to a decrease in the amortization of excess deferred taxes [364]. - Duke Energy Carolinas reported a net income decrease of $68 million, from $340 million in Q1 2022 to $272 million in Q1 2023 [371]. - Duke Energy Indiana reported a net income of $106 million in Q1 2023, a significant increase of $185 million compared to a net loss of $79 million in Q1 2022 [390]. - Net income for the three months ended March 31, 2023, was $232 million, an increase of $18 million (approximately 8.4%) from $214 million in the same period of 2022 [395]. Revenue and Sales - Operating revenues for Electric Utilities and Infrastructure segment increased to $6.398 billion in Q1 2023 from $6.002 billion in Q1 2022, a variance of $396 million [357]. - Operating revenues for Gas Utilities and Infrastructure decreased by $121 million from $1,032 million in Q1 2022 to $911 million in Q1 2023 [361]. - Operating revenues for Progress Energy increased by $56 million, from $2,992 million in Q1 2022 to $3,048 million in Q1 2023 [375]. - Duke Energy Florida's operating revenues increased by $155 million (11.4%) to $1,510 million in Q1 2023, compared to $1,355 million in Q1 2022 [382]. - Duke Energy Ohio's total operating revenues increased by $71 million (11.1%) to $709 million in Q1 2023, compared to $638 million in Q1 2022 [386]. - Duke Energy Indiana's operating revenues increased by $153 million (18.6%) to $975 million in Q1 2023, compared to $822 million in Q1 2022 [390]. - Duke Energy Progress reported operating revenues of $1,533 million for Q1 2023, a decrease of $99 million (6.1%) compared to $1,632 million in Q1 2022 [379]. Operating Expenses - Fuel costs for electric generation rose by $559 million due to higher fuel prices and deferred fuel amortizations [359]. - Total operating expenses for Duke Energy Progress were $1,262 million, down $58 million (4.4%) from $1,320 million in the prior year [379]. - Total operating expenses decreased by $170 million (approximately 31.5%) to $369 million, primarily due to a $168 million reduction in the cost of natural gas [395]. Customer Metrics - The average number of customers for Duke Energy Carolinas increased by 1.6% compared to the prior year [372]. - The average number of customers increased by 1.5% year-over-year, indicating slight growth in customer base despite overall delivery declines [396]. Sales Volume - Total electric utilities and infrastructure GWh sales decreased to 58,246 GWh in Q1 2023 from 64,367 GWh in Q1 2022, a decline of 6,121 GWh [357]. - A $183 million decrease in retail sales was noted due to unfavorable weather conditions compared to the prior year [362]. - Duke Energy Progress experienced a 14.6% decrease in total sales, with residential sales down 7.4% and industrial sales down 25.0% [380]. - Duke Energy Florida's total sales decreased by 9.2%, with wholesale and other sales dropping significantly by 47.9% [383]. - Duke Energy Ohio's residential sales decreased by 5.4%, while industrial sales increased by 6.8% [387]. - Total throughput deliveries decreased by 10.4% year-over-year, with residential deliveries down 22.5% and commercial deliveries down 19.2% [396]. Financial Position - Cash flows from operating activities were $1,483 million, a decrease of $312 million (approximately 17.4%) compared to $1,795 million in the same period of 2022 [403]. - Capital, investment, and acquisition expenditures increased to $3,152 million, up $584 million (approximately 22.7%) from $2,568 million in the same period of 2022 [407]. - Issuances of long-term debt increased to $2,705 million, an increase of $414 million (approximately 18.1%) compared to $2,291 million in the same period of 2022 [409]. - As of March 31, 2023, Duke Energy had approximately $451 million in cash on hand and $5.4 billion available under its $9 billion Master Credit Facility [400]. Strategic Initiatives - Duke Energy Florida plans to add approximately 300 MW of solar capacity annually, currently operating 1,200 MW of solar in the state [341]. - The company began operating the largest battery system in North Carolina, an 11-MW project, in March 2023 [341]. - Duke Energy expects to complete the sale of its Commercial Renewables business in the second half of 2023, with proceeds aimed at debt avoidance [344]. - The company is monitoring supply chain disruptions that could impact future financial results and clean energy goals [345]. - Duke Energy implemented new customer rates effective April 1, 2023, following a comprehensive settlement in South Carolina [341].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________to________ Commission File Number Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Zip Code and Telephone Number ...