Duke Energy 8-K, filed Aug 5, 2026

Summary

On August 5, 2026, Duke Energy Progress filed a Comprehensive Revenue Requirement Settlement with the Public Staff of the North Carolina Utilities Commission and other intervening parties, resolving all revenue requirement issues in its pending North Carolina rate case. The settlement, which is subject to NCUC review and approval, provides for a 9.8% return on equity, a roughly $17.8 billion historic base-case retail rate base, and a revised two-year revenue requirement increase of $338 million, and is expected to result in about $30 million of one-time pre-tax charges in 2026.

Key points

• The settlement covers a 9.8% return on equity with a 53% equity component in the capital structure, approximately $17.8 billion of North Carolina retail rate base, and about $3.4 billion of capital in the two-year multi-year rate plan, along with an annual MYRP refund mechanism.
• The revised revenue requirement increase is $338 million over two years, an average annual rate increase of 3.4%, down from the $729 million originally requested and the $610 million requested in July 2026 rebuttal testimony.
• Duke Energy Progress would extend coal ash cost amortization from five to eight years, raise production tax credit flow-back to customers from $40 million to $120 million annually for 2027 and 2028, and contribute $10 million in shareholder funds to bill assistance and home repair programs.
• The company agreed to evaluate delaying its next base rate case filing until no earlier than November 1, 2028, if it can defer costs for the Person County CC1 and Marshall CTs; an evidentiary hearing on the settlement is scheduled to begin August 11, 2026, and DEP requested Year 1 rates in effect no later than January 1, 2027.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.