NCUC approves Duke Progress rate plan; one-time $75-100M charge in Q3 2023

Duke Energy CORP

NCUC approved 9.8% ROE and 53% equity capital structure for Duke Energy Progress.
Revised Year 1 rates and residential decoupling effective October 1, 2023.
Duke Energy to recognize one-time accounting charge of $75-100M in Q3 2023.
Approved $3.5B in MYRP capital projects and 18-year Grid Improvement Plan cost recovery.
Rate increase totals $494M over 3 years; net customer rates rise 11.9% cumulatively.

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