RegulatoryJul 6, 2026, 06:07 AM
Duke Energy Carolinas Partial Rate Case Settlement; $10M Charge
AI Summary
Duke Energy Carolinas (DEC) has reached a partial settlement with the Public Staff – North Carolina Utilities Commission (NCUC) concerning its 2025 rate case. This Stipulation resolves certain operating and maintenance costs, capital expenditures, and accounting adjustments, but leaves major issues such as return on equity and the overall Multi-Year Rate Plan capital program for litigation. The agreement will lead to a one-time pre-tax accounting charge of approximately $10 million in the second quarter of 2026 and reduces the requested revenue increase by $66 million, resulting in a net annualized customer rate increase of 8.3% over two years.
Key Highlights
- Duke Energy Carolinas (DEC) reached a partial settlement with the Public Staff – NCUC regarding its 2025 rate case.
- The Stipulation will result in a one-time pre-tax accounting charge of approximately $10 million in Q2 2026.
- The partial settlement reduces the company's requested revenue requirement increase by $66 million.
- The net annualized customer rate increase, considering agreed-upon items, is 8.3% over two years.
- Key issues like return on equity (ROE), capital structure, and the Multi-Year Rate Plan (MYRP) capital program remain unresolved.
- An evidentiary hearing for the remaining unresolved issues is scheduled to commence on July 7, 2026.
Price Impact
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