Duke Energy Carolinas reaches partial rate case settlement in SC; net annual increase ~$19M (1.0%)

Duke Energy CORP

Settled for $74M base revenue increase ($19M net after PTC flow-back; original request $151M).
ROE set at 9.99% on 53% equity/47% debt; overall rate of return 7.41%.
Rate base $7.9B; storm reserve funding doubles to $10M; pension cost rider supported.
$100M in PTCs flowed back to SC customers over 22 months; four-year amortization from 2028.
Settlement subject to PSCSC approval; hearing starts Nov 13, 2025; rates targeted by March 1, 2026.

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