Duke Energy Progress files comprehensive rate case settlement with NCUC; reduces requested revenue increase to $338M

Duke Energy CORP

Settlement reduces two-year revenue increase from $729M to $338M, an average annual rate increase of 3.4%.
ROE set at 9.8% with 53% equity; historic rate base ~$17.8B; MYRP includes $3.4B capital.
One-time pre-tax charges of ~$30M in 2026, treated as special items, excluded from adjusted earnings.
DEP agrees to $120M annual PTC flowback to customers (up from $40M) and $10M shareholder contribution to bill assistance.

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