Item 7.01. Regulation FD Disclosure. On July 2, 2026, Duke Energy Carolinas, LLC (“DEC”) reached a partial settlement (the “Stipulation”) with the Public Staff - North Carolina Utilities Commission (the “Public Staff”) in connection with DEC's application for adjustment of rates and charges and for Performance Based Regulation (“PBR”) filed with the North Carolina Utilities Commission (“NCUC”) on November 20, 2025.…
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
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Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01.
Regulation FD Disclosure.
On July 2, 2026, Duke Energy
Carolinas, LLC (“DEC”) reached a partial settlement (the “Stipulation”) with the Public Staff - North Carolina
Utilities Commission (the “Public Staff”) in connection with DEC's application for adjustment of rates and charges and for
Performance Based Regulation (“PBR”) filed with the North Carolina Utilities Commission (“NCUC”) on November 20,
2025. Testimony consistent with the Stipulation will be filed next week. The Stipulation includes, among other things, agreement on certain
operating and maintenance costs and project-specific capital expenditures, rider mechanisms, and accounting adjustments.
The Stipulation does not include
an agreement on return on equity, capital structure, certain capital investments including the overall Multi-Year Rate Plan capital program,
depreciation and decommissioning, storm-related cost recovery, or performance incentive mechanisms, among other items.
The Stipulation will result in
a one-time pre-tax accounting charge of approximately $10 million, to be recognized in the second quarter of 2026.
An overview providing additional
detail on the Stipulation is attached to this Form 8-K as Exhibit 99.1. The information in Exhibit 99.1 is being furnished pursuant to
this Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended,
or otherwise subject to the liabilities of that section.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Duke Energy Carolinas, LLC Fact Sheet Regarding 2026 Partial
Stipulation.
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document).
Filed exhibits (1)
EX-99.1 (by filename) tm2619723d1_ex99-1.htm
EX-99.1
2
tm2619723d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Duke Energy Carolinas, LLC
Updates Regarding the 2025 Rate Case Filings
in North Carolina
(Docket E-7 Sub 1329)
Background:
On November 20, 2025, Duke Energy Carolinas (DEC) filed a rate case with
the North Carolina Utilities Commission (NCUC) seeking approval for increases in retail revenues. The filing included requests for Performance
Based Regulation (PBR) mechanisms, featuring a 2-year Multi-Year Rate Plan (MYRP) as well as residential decoupling, performance incentive
mechanisms (PIMs), and an earnings sharing mechanism (ESM).
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The initial filing requested an approximately 15.0% overall increase in retail revenues over the two-year period, or approximately
$1,002 million.
The rate case filing requested an overall rate of return of 7.92% based upon an ROE of 10.95% with a 53% equity component in the capital
structure1 as compared to the ROE approved in the last rate case of 10.1% with a 53% equity component in the capital structure.
The historic…