Fourth Quarter 2023 Earnings Review and Business Update
2024 Financing plan
Issuer
Estimated / Actual
Amount
($ in millions)
Notional Pre-Issuance
Completed
Hedges
($ in millions)
Security
Date Issued
Term
Rate
2024 Maturities(1)
($ in millions)
$600
3-year
4.85%
$1,250
Senior Debt
January 2024
$650
5-year
4.85%
Holding Company
$3,100 - $3,500
$1,250
$3,000(2)
(Jan., Apr., &
Sep.)
$575
DE Carolinas
$1,000
$400
Senior Debt
January 2024
10-year
$425
30-year(3)
4.85%
5.40%
DE Progress
$400 - $600
$300
DE Indiana
$300 - $500
$200
DE Ohio
$300 - $500
Piedmont
$300-$500
$40
(Sep.)
DE Kentucky
$150-$250
DE Progress SC
$150-$200
Storm Funding LLC
Total
$6,950 - $8,300
$2,150
$2,250
$3,040
(1) Excludes amortization of noncash purchase accounting adjustments and securitization bonds
(2) Includes repayment of DE Corp.'s $1.0B variable rate term loan with proceeds from January DE Corp. debt issuance. Assumes $1.0B preferred stock, which resets at the prevailing 5-year US Treasury rate + 3.388%
in September, is redeemed
(3) Reopened 30-year first mortgage bonds issued on June 15, 2023
DUKE
ENERGY
FOURTH QUARTER 2023 EARNINGS REVIEW AND BUSINESS UPDATE
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