Fourth Quarter 2023 Earnings Review and Business Update
Regulatory activity details
FILING
TYPE
DOCKET
NO.
STATUS
DUKE ENERGY
CAROLINAS
South Carolina
2023-388-E
Base Rate Case (1)
Application filed Jan. 4, 2024
Evidentiary hearings scheduled to
begin May 20, 2024
Requested rates effective by Aug. 1,
2024
KEY
DRIVERS
Filing is based on a retail rate base of $7.3 billion as
of Dec. 31, 2022, adjusted for known and
measurable changes through Dec. 31, 2023
Major capital investments include $1.5 billion in
transmission and distribution since the last case
Requested: 10.5% ROE, 53% equity cap. structure
Proposes to accelerate the return of remaining
federal unprotected Excess Deferred Income Taxes
(EDIT) balances to customers over two vs. 15 years
Requests deferral treatment for actual, future
nuclear PTCs, net of costs. No estimated nuclear
PTCs have been included in this case
DUKE ENERGY
FLORIDA
Florida Base
Rate Case
20240025
(1) South Carolina retail portion
DUKE
ENERGY
On Jan. 31, 2024, DEF notified the
Florida Public Service Commission
that it expects to file a formal request
for new base rates on April 2, 2024
Intends to propose a three-year rate plan beginning
in January 2025
Major capital investments from 2025 to 2027 include
$3.3 billion in transmission and distribution and $1.5
billion of new solar generation
Requesting: 11.15% ROE midpoint, 53% equity
cap. structure
FOURTH QUARTER 2023 EARNINGS REVIEW AND BUSINESS UPDATE
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