Duke Energy

Duke Energy filed an application with FERC to extend the operating license of its Bad Creek Pumped Storage Hydroelectric Station in South Carolina for 50 years. This facility, operating since 1991, is a key energy storage asset on Duke Energy’s grid. The relicensing supports South Carolina’s growth and helps maintain reliable, affordable energy. Recent upgrades increased the plant’s capacity to 1,680 MW of carbon-free energy. A decision from FERC is expected in 2027.

Duke Energy finalized a $6 billion deal with Brookfield, giving Brookfield a 19.7% stake in Duke Energy Florida (DEF). This partnership injects $4 billion into DEF’s $87 billion five-year capital plan to meet growing energy demand. Valued attractively, the deal raises Duke Energy’s FFO/Debt target by 100 bps to 15%, supporting a 5-7% EPS growth through 2029. Duke Energy retains majority ownership and operational control, with no workforce or leadership changes planned for DEF.

Duke Energy is preparing for severe weather forecasted to impact its Indiana service territory. The company is mobilizing resources and urges customers to prepare for potential power outages by charging devices, stocking emergency kits, and planning for special needs. Customers can report outages and receive updates via text, mobile app, website, or phone. Duke Energy is Indiana’s largest electric supplier, serving 920,000 customers. Duke Energy (NYSE: DUK) is committed to a cleaner energy future.