Load Growth And Economic ExpansionDuke upgraded its annual load growth forecast to 1.5% - 2% on manufacturing and data-centre tailwinds, with economic expansion supported by growth in industries like lithium ion batteries, semiconductor chips, and pharmaceuticals.
Regulatory AdvancementsThe settlement agreement with the North Carolina Utilities Commission authorizes an improved ROE and equity layer of 9.8% and 52.3%, supporting an overall net average increase in annual retail revenues of ~$98mm.
Renewable Energy InvestmentDuke aims to invest into enhancing grid reliability and incorporating 30GW of regulated renewable energy, with USD73bn capex plan outlined and 50% of capital focused on grid investments.