Duke Energy CORP

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.

Duke Energy Corporation held its Annual Meeting of Shareholders on May 7, 2026. Shareholders elected all 14 director nominees and ratified Deloitte & Touche LLP as the independent auditor for 2026. The advisory vote to approve named executive officer compensation also passed. However, a management proposal to amend the Certificate of Incorporation to eliminate supermajority voting requirements failed to receive the necessary 80% support of shares outstanding, receiving 66.39% of votes cast FOR.

Duke Energy reported strong first-quarter 2026 financial results with reported EPS of $1.97 and adjusted EPS of $1.93, both up from $1.76 in the prior year. The improved adjusted results were driven by recovery of infrastructure investments and favorable weather, partially offset by higher O&M expenses and depreciation. The company reaffirmed its 2026 adjusted EPS guidance of $6.55 to $6.80 and its long-term adjusted EPS growth rate of 5% to 7% through 2030. Additionally, Duke Energy successfully closed $5.3 billion in strategic transactions and secured 7.6 GW of economic development projects.