RegulatoryJul 17, 2026, 04:32 PM
Duke Energy Carolinas Reaches Rate Case Settlement with 9.8% ROE
AI Summary
Duke Energy Carolinas (DEC) has reached a Comprehensive Revenue Requirement Settlement with the Public Staff and other intervenors in its North Carolina rate case. The settlement includes a 9.8% return on equity, a retail rate base of approximately $25.7 billion, and $3.8 billion in multi-year rate plan capital. The agreement is expected to result in a revised revenue requirement increase of $496 million over two years, representing an average annual rate increase of 3.7%. Additionally, DEC anticipates one-time pre-tax accounting charges of approximately $40 million in 2026.
Key Highlights
- Comprehensive Settlement reached in North Carolina rate case.
- Return on equity (ROE) set at 9.8% with a 53% equity component.
- Retail rate base for the historic base case is approximately $25.7 billion.
- Multi-year rate plan (MYRP) includes approximately $3.8 billion in capital.
- Revised revenue requirement increase of $496 million over two years.
- Average annual rate increase of 3.7% over the two-year period.
- Expected one-time pre-tax accounting charges of approximately $40 million in 2026.
- Agreement to evaluate delaying next base rate case filing until November 1, 2028.
- Intervening Parties to pursue similar settlement framework for Duke Energy Progress rate case.
Price Impact
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