Combination of Duke Energy Carolinas and Duke Energy Progress

planned

Duke Energy's proposed combination of Duke Energy Carolinas and Duke Energy Progress aims to deliver measurable, trackable customer savings backed by shareholder guarantees. The combination is expected to reduce customer costs, simplify operations, promote regulatory efficiencies, and support economic growth across the Carolinas. The project includes guaranteed savings assessed cumulatively over a 14-year period, with projected net customer savings of approximately $2.3 billion from 2027 to 2040. Savings come from lower operating and capital costs, including removing 200 megawatts of battery storage from the long-range plan while maintaining reliability.