Fourth Quarter 2023 Earnings Review and Business Update
2023 accomplishments provide clarity and momentum
$45 BILLION OF HISTORIC AND FUTURE RATE
BASE INVESTMENTS APPROVED (1)
✓ Implemented multi-year plans for first time ever in North Carolina
✓ DE Progress-NC approved in August
DE Carolinas-NC approved in December
✓ DE Progress-SC approved in March
✓
DE Ohio-gas approved in November
Service Territory
Counties Served
Duke Energy Indiana
Duke Energy Ohio/Kentucky
Duke Energy Carolinas/Progress
Piedmont Natural Gas
Overlapping Territory
Duke Energy Florida
DUKE
ENERGY.
✓ DE Kentucky-electric approved in October
OPERATIONAL EXCELLENCE
✓ Finished 2023 with best safety record in company history
✓ During Hurricane Idalia, self-healing grid technologies saved
more than 7 million customer outage minutes in Florida
✓ J.D. Power ranked Piedmont Natural Gas No. 1 for residential
customer satisfaction in south region for the second year in a row
AND MORE
✓ Completed sale of Commercial Renewables business
✓ Helped our communities attract economic development projects
resulting in 15,000 jobs and $22 billion in capital investments
✓ Received approval to recover ~$4 billion of deferred 2022 fuel
balances, with no disallowances
FOURTH QUARTER 2023 EARNINGS REVIEW AND BUSINESS UPDATE
(1) $45 billion of approved investments represents the combination of approved rate base across NC, SC, OH,
and KY rate cases, plus $8 billion of approved capital projects included in the 3-year MYRP in NC.
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