Duke Energy Florida intends to file base rate case; requests ~$596M increase in 2025

Duke Energy CORP

Requests $596M base rate revenue increase for 2025, $95M for 2026, $127M for 2027; average ~4% annual.
Proposes ROE midpoint of 11.15% on 53% equity/47% debt capital structure.
Overall customer bills expected to decrease in 2025 due to expiring fuel under-recovery and storm costs.
Plans $3.3B in T&D investment, $1.5B for 1,050 MW solar plus 100 MW storage through 2027.
Rate case to be filed April 2, 2024; subject to FPSC approval with public hearings.

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