Fourth Quarter 2023 Earnings Review and Business Update
Duke Energy Corporation
Operations, Maintenance and Other Expense
(In millions)
Operations, maintenance and other (a)
Adjustments:
Regulatory Settlement (b)
Workplace and Workforce Realignment (b)
Organizational Optimization (b)
Reagents Recoverable (c)
Actual
Actual
December 31, 2022
December 31, 2023
$
5,734
$
5,625
$
Forecast
December 31, 2024
5,459
(25)
(16)
(71)
(110)
(96)
(90)
(94)
Energy Efficiency Recoverable
(c)
(361)
(378)
(431)
Other Recoverable(e)
(229)
(526)
(373)
Short-term incentive payments (over)/under budget
(16)
63
Non-Rider Recoverable operations, maintenance and other
$
4,936
$
4,568
$
4,561
Non-regulated Products and Services (d)
(181)
(173)
(196)
Base operations, maintenance and other
$
4,755
$
4,395
$
4,365
(a) As reported in the Consolidated Statements of Operations.
(b) Presented as a special item for the purpose of calculating adjusted earnings and adjusted diluted earnings per share.
(c) Primarily represents expenses to be deferred or recovered through rate riders.
(d) Primarily represents non-regulated products and services expenses in support of regulated electric and gas utilities.
(e) A portion of Duke Energy Ohio Vegetation Management has been reclassified to non-recoverable effective 2023. Accordingly, all prior periods
have been recast for comparability.View entire presentation