Fourth Quarter 2023 Earnings Review and Business Update
Current gas rate information by jurisdiction
Rate Base
Allowed ROE
Allowed Equity
North
Carolina
South
Carolina
Ohio
Tennessee
(Gas)
$4.7 billion
$559 million
$1.1 billion
$1.9 billion
Kentucky
(Gas)
$313 million
9.375% for base rates
9.6%
9.3%
9.8%
9.6%
9.3% for riders
51.6%
53.125%
48.67%
52.3%
Effective Date of
11/1/21
Most Recent Rates
Significant Rider
Mechanisms
Margin Decoupling Rider
Integrity Management Rider
Fuel Clause
11/1/23
Rate Stabilization Adj.
Weather Normalization Adj.
Fuel Clause
(1) PHMSA rider has an annual 5% rate increase cap and only applies to AM07 upon CPCN approval
DUKE
ENERGY.
FOURTH QUARTER 2023 EARNINGS REVIEW AND BUSINESS UPDATE
10/1/23
11/1/23
Annual Review Mechanism
Weather Normalization Adj.
Fuel Clause
Fuel Clause
Capital Expenditure
51.3%
1/4/22
Weather Normalization Adj.
Fuel Clause
PHMSA-required capital (1)
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