SC regulators approve Duke Energy Carolinas rate case; $30-40M Q2 charge

Duke Energy CORP

PSCSC approved $234M annual base rate increase before EDIT acceleration; net $150M first 2 years.
Return on equity 9.94% on 51.21% equity capital structure; rate base set at $7.4B.
Revised rates effective August 1, 2024; one-time pre-tax charge of $30-40M in Q2 2024.
Coal ash recovery of $184M over 7 years with debt-only return during deferral.
Grid improvement CWIP of $188M included in rate base; $2M shareholder contribution for low-income programs.

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