Fourth Quarter 2023 Earnings Review and Business Update
Regulated utilities end of year earnings base(1)
Electric Utilities Earnings Base
($ in billions)
2023A
2024E
2025E
2026E
2027E
2028E
Duke Energy Carolinas
$32.6
$34.7
$37.2
$39.9
$43.1 $46.4
Duke Energy Progress
21.4
23.2
25.3
28.3
31.5
34.7
Duke Energy Florida
19.1
21.1
22.5
23.5
24.6
25.4
Duke Indiana
10.2
10.5
11.6
12.3
13.0
13.6
Duke Ohio - Electric
3.9
4.2
4.4
4.6
4.9
5.2
Duke Kentucky - Electric
1.3
1.4
1.5
1.5
1.6
1.7
Electric Utilities Total(2)(3)
$88.5
$95.0
$102.5
$110.2
$118.6
$127.0
Gas Utilities Earnings Base
($ in billions)
2023A
2024E
2025E
2026E
2027E
2028E
Piedmont
$8.0
$8.5
$9.0
$9.4
$9.8
$10.2
Duke Energy Ohio - Gas
2.0
2.1
2.2
2.2
2.3
2.4
Duke Energy Kentucky - Gas
0.6
0.7
0.7
0.8
0.8
0.8
Gas Utilities Total (2)
$10.6
$11.4
$11.9
$12.5
$12.9
$13.4
($ in billions)
2023A
2024E
2025E
2026E
2027E
2028E
Total Company(2)(3)
$99.1
$106.4
$114.4
$122.7
$131.6
$140.5
(1) In billions. Illustrative earnings base for presentation purposes only and includes retail and wholesale; Amounts as of the end of each year shown; Projected earnings base = prior period
earnings base + capex - D&A - deferred taxes (including production tax credits) - securitized assets. Amounts presented gross of GIC minority investment
(2) Totals may not foot due to rounding
(3) Amounts presented gross of GIC minority investment
DUKE
ENERGY.
FOURTH QUARTER 2023 EARNINGS REVIEW AND BUSINESS UPDATE
// 26View entire presentation