Grid Infrastructure InvestmentsRising national focus on grid infrastructure and government support are positive tailwinds for Duke Energy.
Regulatory And Financial PerformanceThe 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 ExpansionAnalyst's positive view reflects continued expansion of renewable development and fossil fuel retirements, a visible 97-98%+ regulated utility profile, reduced regulatory rate lag in North Carolina and upside ROE potential from the NCUC's PBR rules.