Duke Energy Progress reaches SC rate case settlement for $40M annual increase, ROE of 9.99%

Duke Energy CORP

Settlement with ORS and intervenors sets $40M annual revenue increase (6.5% avg) vs original $75M request.
Return on equity of 9.99% with 53% equity capital structure and overall return of 7.2%.
South Carolina retail rate base set at $2.2 billion.
Storm reserve funding increased to $6M annually; pension cost rider supported.
PTC flow-back of $10M/yr over 24 months; new rates targeted by Feb 1, 2026.

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