Core Insights - Duke Energy Florida has submitted its 2025 Solar Base Rate Adjustment (SoBRA) filing to the Florida Public Service Commission, detailing plans for four solar energy sites to enhance reliable, affordable, and clean energy for customers [1] Investment and Savings - The company is investing over $521 million to establish solar sites in Madison, Sumter, Hernando, and Jefferson counties, which are projected to save customers $843 million over their service lifetimes [2][9] Project Timeline and Employment - Construction has begun on the Sundance, Half Moon, and Rattler renewable energy centers, expected to be operational by January 2026, while the Bailey Mill Renewable Energy Center is in the permitting phase with construction aimed for summer 2025 and completion by summer 2026. Each site will create an average of 150 temporary jobs during construction [3] Energy Generation Capacity - Each of the four solar sites will have a capacity of 74.9 megawatts, collectively generating enough electricity to power approximately 23,000 homes and displacing significant amounts of natural gas, fuel oil, and coal annually [4] Future Expansion Plans - Duke Energy Florida currently operates over 25 solar sites producing around 1,500 megawatts of energy and plans to build 12 new solar sites by 2027, adding an additional 900 megawatts. By the end of 2033, the company aims to achieve over 6,100 megawatts of utility-scale solar generating capacity [5] Company Overview - Duke Energy Florida, a subsidiary of Duke Energy, has an energy capacity of 12,300 megawatts, serving 2 million customers across a 13,000-square-mile area in Florida [6]

Core Points - Duke Energy Foundation donated $40,000 to the Area Agency on Aging of Pasco-Pinellas to provide severe weather kits for seniors ahead of the 2025 hurricane season [1][2] - The funding will assist approximately 1,000 seniors in preparing for severe weather events [2] - The severe weather kits include essential items such as a flashlight, batteries, first-aid kit, and hygiene items [2][3] Company Initiatives - Duke Energy employees volunteered to assemble the severe weather kits, demonstrating the company's commitment to community support [3][4] - The company emphasizes the importance of volunteerism and community engagement, contributing thousands of volunteer hours annually [5] - Duke Energy Florida serves 2 million customers across a 13,000-square-mile area, showcasing its significant presence in the region [7] Philanthropic Efforts - The Duke Energy Foundation provides over $30 million annually in philanthropic support to local communities [6] - The partnership with the Area Agency on Aging of Pasco-Pinellas highlights Duke Energy's focus on aiding vulnerable populations [2][5] Company Overview - Duke Energy is one of America's largest energy holding companies, serving 8.4 million customers across multiple states [8] - The company is committed to a clean energy transition, aiming for net-zero carbon emissions from electricity generation by 2050 [9]

Core Points - Duke Energy has appointed Katherine Neebe as the new Chief Communications Officer, effective February 24, 2025, succeeding Oscar Suris who will transition to a senior advisor role [1][2] - Neebe emphasizes the importance of corporate communications in advancing Duke Energy's energy modernization strategy to meet evolving community energy needs [2] - Under Suris, Duke Energy's Corporate Communications was reorganized into an integrated communications, public affairs, and brand marketing organization, enhancing both external storytelling and internal communications [2][3] Company Overview - Duke Energy is a Fortune 150 company based in Charlotte, N.C., serving 8.4 million electric customers across several states and owning 54,800 megawatts of energy capacity [7] - The company also provides natural gas services to 1.7 million customers in multiple states [7] - Duke Energy is focused on an ambitious energy transition, investing in electric grid upgrades and cleaner energy generation methods, including natural gas, nuclear, renewables, and energy storage [8] Leadership Background - Katherine Neebe previously served as the senior vice president and chief sustainability officer at Duke Energy, overseeing sustainability initiatives and managing over $30 million in annual philanthropic investments [5] - Neebe has a strong background in corporate strategy and stakeholder engagement, with experience at Fortune 100 companies and organizations like the World Wildlife Fund [4][6]

Core Points - Duke Energy is preparing for potential power outages due to a winter storm forecasted to bring snow and ice to the region [1][2] - The company emphasizes the importance of customer preparedness and has outlined various ways for customers to report outages and stay informed [5][6] Group 1: Storm Preparedness and Impact - The storm is expected to cause ice accumulation, which can lead to power outages by causing trees and branches to fall on power lines [2] - Ice buildup of a quarter inch or more significantly increases the likelihood of outages, with higher accumulations leading to more severe impacts [2] Group 2: Reliability Improvements - Duke Energy has been implementing grid improvements, including tree trimming, pole and line upgrades, and smart self-healing technology to reduce outages and restore power more quickly [3][4] - In 2024, self-healing technology helped avoid over 1.2 million customer outages in the Carolinas, saving approximately 3.4 million hours of total outage time, with nearly 60% of these benefits occurring during major storms [4] Group 3: Customer Communication and Safety - The company prioritizes restoring power safely and quickly after a storm while keeping customers informed about outages [5] - Customers are encouraged to prepare for potential outages by ensuring they have necessary supplies and following safety guidelines [6][12] Group 4: Energy Efficiency Initiatives - As temperatures drop, Duke Energy is promoting energy-saving tips to help customers manage their energy use and save money [8][9] - The company provides various low- to no-cost energy-saving tips, such as adjusting thermostat settings, maintaining heating systems, and using energy-efficient lighting [13] Group 5: Company Overview and Goals - Duke Energy is one of America's largest energy holding companies, serving 8.4 million customers across multiple states and owning 54,800 megawatts of energy capacity [10] - The company is committed to a clean energy transition, aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050 [11]

Core Insights - Duke Energy Florida is celebrating Engineers Week from February 16 to February 22, emphasizing the critical role of power grid dispatchers in maintaining service reliability for over 2 million customers across a 35-county area [1][8] - The company highlights the extensive training required for power grid dispatchers, which includes nearly two years of classroom and on-the-job experience, along with problem-solving skills typically derived from electrical engineering backgrounds [2][3] Company Overview - Duke Energy Florida owns 12,300 megawatts of energy capacity, providing electricity to 2 million residential, commercial, and industrial customers within a 13,000-square-mile service area in Florida [5] - Duke Energy, a Fortune 150 company, serves 8.4 million customers across multiple states and collectively owns 54,800 megawatts of energy capacity [6] Operational Insights - Power grid dispatchers work in 12-hour rotating shifts to ensure 24/7 coverage, coordinating with line crews for infrastructure upgrades and outage responses while adhering to strict safety protocols [3][4] - The company is focused on building a smarter energy future through significant investments in electric grid upgrades and cleaner energy generation, including natural gas, nuclear, renewables, and energy storage [7]

Financial Data and Key Metrics Changes - The company reported adjusted earnings per share (EPS) of $5.90 for 2024, finishing within the guidance range [6][24] - Updated guidance for 2025 EPS is set between $6.17 and $6.42, with a midpoint of $6.30, representing approximately 7% growth over 2024 [7][24] - The five-year capital plan has increased to $83 billion, driving an expected 7.7% annual earnings-based growth through 2029 [7][30][32] Business Line Data and Key Metrics Changes - The electric segment is expected to benefit from constructive rate case outcomes and a new multi-year rate plan in Florida, alongside growth from grid riders in the Midwest and Florida [25][63] - The gas segment's growth will be driven by the Piedmont, North Carolina rate case, and annual rate mechanisms in South Carolina and Tennessee [26][64] - The company anticipates annual load growth of 1.5% to 2% in 2025, with an acceleration to 3% to 4% starting in 2027 [27][28] Market Data and Key Metrics Changes - The company has a robust economic development pipeline, particularly in the Carolinas, with expected growth of 4% to 5% in that region [28][65] - The near-term pipeline includes over seven gigawatts of advanced manufacturing and data center projects, with a broader pipeline at least double that size [115] Company Strategy and Development Direction - The company is executing an all-of-the-above generation strategy, focusing on dispatchable natural gas and substantial investments in renewables [19][56] - The capital plan emphasizes infrastructure spending to support growing jurisdictions and regulatory processes [8][30] - The company aims to maintain a strong balance sheet and credit ratings, targeting 14% funds from operations (FFO) to debt by the end of 2025 [33][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position and growth opportunities, particularly in light of regulatory approvals and infrastructure investments [8][22] - The company is optimistic about the future, with a commitment to delivering strong earnings and cash flows for investors [7][45] - Management noted that discussions with hyperscalers indicate no pullback in their plans, with an acceleration in projects related to cloud computing and AI [88][92] Other Important Information - The company has a strong track record of regulatory execution, with $45 billion of rate-based investments approved [46] - The company has efficiently monetized over $500 million in energy tax credits in 2024, benefiting customers over time [36] - This year marks the 99th consecutive year of paying a quarterly cash dividend, underscoring the company's commitment to shareholders [37] Q&A Session Summary Question: Can you clarify the EPS CAGR and credit metric targets? - Management indicated that there is an opportunity to earn in the top half of the EPS growth range due to accelerating load growth and a strong economic development pipeline [82][84] Question: Any changes in customer conversations regarding spending needs? - Management reported confidence in their plans, with hyperscalers full speed ahead and discussions indicating an acceleration in projects [88][92] Question: How does legislation in South Carolina impact the company's plans? - Management stated that they do not anticipate changes to their plans from current legislation but are engaged in discussions to support the dual state system [105] Question: What is the pipeline of data center activity? - Management confirmed a wealth of opportunity in economic development, with a near-term pipeline of over seven gigawatts and a broader pipeline that continues to grow [115] Question: How does the company plan to drive cost efficiencies? - Management emphasized a strong continuous improvement culture and the use of technology to manage costs effectively while maintaining a competitive position [129][132]

Q4 / 2024 Earnings Review and Business Update Lynn Good / Chair and CEO Harry Sideris / President Brian Savoy / Executive Vice President and CFO February 13, 2025 // 1 Safe Harbor statement This presentation includes forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward- looking statements. The factors that could cause actual results to differ are discussed herein and in Duke Energy's SEC filings, available at www.sec.gov. Regu ...

Core Insights - Duke Energy Corporation (DUK) reported fourth-quarter 2024 adjusted earnings of $1.66 per share, exceeding the Zacks Consensus Estimate of $1.61 by 3.1% and showing a 9.9% increase from $1.51 per share in the same quarter last year, driven by rate increases and riders [1][2] Financial Performance - Total operating revenues for the fourth quarter reached $7.36 billion, a 2.1% increase from $7.21 billion year-over-year, but fell short of the Zacks Consensus Estimate of $7.72 billion by 4.7% [3] - The Regulated electric unit's operating revenues were $6.53 billion, up 0.9% year-over-year, contributing 88.8% to total revenues, while revenues from the Regulated natural gas business totaled $741 million, reflecting a 13.1% year-over-year increase [3] - For the full year 2024, total revenues amounted to $30.36 billion, a 4.5% increase from $29.06 billion in 2023, but missed the Zacks Consensus Estimate of $30.64 billion [4] Operating Expenses and Income - Total operating expenses for the reported quarter were $5.25 billion, down 2.1% year-over-year, primarily due to lower fuel and purchased power costs [5] - Operating income increased by 13.9% to $2.11 billion from $1.86 billion in the previous year [5] Customer and Sales Metrics - The average number of customers in Electric Utilities increased by 1.8% year-over-year, with total electric sales volumes rising 0.8% to 60,308 gigawatt-hours [6] Segment Performance - Adjusted earnings from the Electric Utilities & Infrastructure segment totaled $1,238 million, up from $1,115 million in the fourth quarter of 2023 [7] - The Gas Utilities & Infrastructure segment generated earnings of $231 million compared to $192 million in the prior year [7] - The Other segment incurred a loss of $186 million, worsening from a loss of $133 million in the fourth quarter of 2023 [8] Financial Condition - As of December 31, 2024, cash and cash equivalents stood at $314 million, up from $253 million a year earlier, while long-term debt increased to $76.34 billion from $72.45 billion [9] - The company generated net cash from operating activities of $12.28 billion in 2024, compared to $9.88 billion in the same period last year [9] Future Guidance - Duke Energy provided 2025 adjusted EPS guidance in the range of $6.17-$6.42, with the Zacks Consensus Estimate for 2024 earnings at $6.33 per share, higher than the midpoint of the projected range [10] - The company anticipates long-term EPS growth of 5-7% through 2029 [10]

Duke Energy (DUK) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.11%. A quarter ago, it was expected that this electric utility would post earnings of $1.73 per share when it actually produced earnings of $1.62, delivering a surprise of -6.36%.Over the last four quarters, the compa ...

CHARLOTTE, N.C., Feb. 13, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) has posted its fourth-quarter and year-end 2024 financial results in a news release available on the company's website at the following link: duke-energy.com/investors.Lynn Good, chair and chief executive officer, Harry Sideris, president, and Brian Savoy, executive vice president and chief financial officer, will discuss the company's financial results and other business and financial updates during an investor presentation at 10 a.m. E ...