Duke Energy Corporation (DUK) Proposes New Investments In North Carolina
Duke Energy Corporation (NYSE:DUK) is among 10 Best Performing Electrical Infrastructure Stocks in 2025.
According to TheFly, Duke Energy Corporation (NYSE:DUK) submitted requests for updated rates at its two utilities in the state, Duke Energy Carolinas and Duke Energy Progress, to the North Carolina Utilities Commission on November 21.
In the submission, Duke Energy Carolinas requests a $1 billion yearly revenue boost, which would include $727 million in 2027 and $275 million in 2028. This would be a rise of 15% above current revenues. The $729 million request for Duke Energy Progress includes $200 million in 2028 and $528 million in 2027, a 15.1% growth above current revenues. Subject to regulatory approval, the demands depend on a 53% equity capital structure and a proposed 10.95% return on equity.
The expected advantages associated with nuclear production tax credits are also stated in the filing. Through 2032, Duke Energy Corporation (NYSE:DUK)’s nuclear plants are anticipated to produce tax credits worth hundreds of millions of dollars. Customers of Duke Energy Carolinas receive $150 million in nuclear production tax credits in 2025–2026 at current rates. The fresh proposal would extend nuclear production tax credits to Duke Energy Progress customers while also introducing solar and hydro tax incentives for both utilities. Duke Energy Corporation (NYSE:DUK) also stated that a proposed merger of Duke Energy Carolinas and Duke Energy Progress will save customers over $1 billion in future expenses.
Duke Energy Corporation (NYSE:DUK) is one of the largest utilities in the United States, having regulated utilities in the Carolinas, Indiana, Florida, Ohio, and Kentucky.
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