Fourth Quarter 2023 Earnings Review and Business Update
Constructive North Carolina rate case outcomes
IMPLEMENTS PERFORMANCE-BASED REGULATIONS AUTHORIZED BY
HB 951, INCLUDING MULTI-YEAR RATE PLANS
DE PROGRESS RATE CASE ORDER
DE CAROLINAS RATE CASE ORDER
■
On August 18, 2023, the NCUC issued an order
approving the Company's PBR application
9.8% ROE and 53% equity capital structure
Increase from 9.6% ROE and 52% equity
capital structure
Approved partial settlements, including:
Rate base of $12.2 billion (1) for the historic
base case
$3.5 billion (1) of capital projected to go into
service over 3-year MYRP (Oct. 2023 -
Sep. 2026)
Approved performance incentive measures
DEP implemented revised full Year 1 rates and
residential decoupling in October 2023
☐
On December 15, 2023, the NCUC issued an order
approving the Company's PBR application
10.1% ROE and 53% equity capital structure
☐
Increase from 9.6% ROE and 52% equity
capital structure
Approved partial settlements, including:
Rate base of $19.5 billion (1) for the historic
base case
$4.6 billion (1) of capital projected to go into
service over 3-year MYRP (Jan. 2024 -
Dec. 2026)
Approved a standalone rider to provide the benefit
of nuclear production tax credits under the IRA to
customers
Approved performance incentive measures
DEC implemented revised full Year 1 rates and
residential decoupling in January 2024
(1) North Carolina retail portion
DUKE
ENERGY.
FOURTH QUARTER 2023 EARNINGS REVIEW AND BUSINESS UPDATE
// 16View entire presentation