Fourth Quarter 2023 Earnings Review and Business Update
Capital expenditures profile(1)
($ in millions)
Capital Expenditures
Electric Generation (2)
Electric Transmission
2023A
2024E
2025E 2026E 2027E
2028E 2024 - 2028
2,747
3,200
1,881
Electric Distribution
Environmental & Other (3)
5,110
958
725
4,100 5,225
2,325 2,550 2,625 2,700
4,625 5,150 4,825 4,500
875 700
6,850
7,200
26,575
2,850
13,050
4,325
23,425
450
450
3,200
Total Electric Utilities & Infrastructure Capital (4) $10,696 $10,875 $12,675 $13,375 $14,500 $14,825
$66,250
Renewable Natural Gas
31
25
100
100
100
100
425
-
LDC Non-Rider
964
675
725
675
625
575
3,275
LDC - Rider
491
450
325
350
350
375
1,850
Total Gas Utilities & Infrastructure Capital
Other (5)
$1,485 $1,150 $1,150
$1,125
$1,075 $1,050
$5,550
325
375
Total Duke Energy
384
$12,565 $12,350 $14,200 $14,775 $15,850 $16,225
275
275
350
1,600
$73,400
(1) Amounts include AFUDC debt or capitalized interest. Totals may not foot due to rounding
(2) Includes nuclear fuel of ~$3.6B from 2024-2028
(3) 2023 actual amounts include -$545 million in coal ash closure spending that was included in operating cash flows
(4) Capex amounts are presented gross of GIC minority investment
(5) Primarily IT and real estate related costs
DUKE
ENERGY
FOURTH QUARTER 2023 EARNINGS REVIEW AND BUSINESS UPDATE
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