8-KItem 7.01 · Reg FD DisclosureItem 9.01 · Financial Statements
Duke Energy Progress reaches $338 million North Carolina rate settlement
Filed with the SEC on · Summarized by InvestorsBot
Duke Energy Progress and the Public Staff of the North Carolina Utilities Commission filed a settlement on August 5, 2026, calling for a $338 million revenue requirement increase over two years, or an average annual customer rate increase of 3.4%, subject to NCUC approval. The agreement sets a 9.8% return on equity, a $17.8 billion historic rate base and $3.4 billion of planned capital, while increasing annual production tax credit givebacks to customers to $120 million in 2027 and 2028; DEP expects about $30 million of one-time pretax charges in 2026, excluded from adjusted earnings.