Duke Energy Indiana rate case approved at $296M revenue increase vs requested $492M

Duke Energy CORP

Approved $296M revenue increase (16.2% requested) with 9.75% ROE versus requested 10.5%.
Step 1 rates effective March 2025; Step 2 in March 2026 retroactive to January 2026.
Rate base approved $12.0B as of June 2024 and $12.5B as of December 2025.
Reduction from $492M request primarily due to lower ROE and depreciation adjustments.

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