Duke Energy has asked state and federal regulators to combine its two electric utilities that serve the Carolinas in a move it said would result in billions of dollars of customer savings.

Duke Energy reported earnings of $1.25/share for the second quarter, and its CEO told analysts the company also came out ahead with state and federal legislation.

Duke Energy described plans to invest up to $200 billion in the next decade to meet demand growth across its multiple utilities during an earnings call for the first quarter of 2025.

FERC approved Duke Energy's Order 2023 compliance filing, which leaves in place the utility's two-phase cluster study process designed to give interconnection customers more information on costs earlier in the process.

FERC rejected challenges to its new generator interconnection rules under Order 2023, while making minor modifications and extending the compliance date.  

FERC rejected a proposal Duke Energy filed to update its transmission planning process in the Carolinas due to a cost threshold in the proposal, saying other aspects of the filing seemed just and reasonable.

Duke Energy Progress and North Carolina Eastern Municipal Power Agency filed a settlement with FERC regarding the latter using batteries to shave its peak demand.

North Carolina regulators approved two on-bill-financed residential energy efficiency programs for Duke Energy.

The North Carolina Utilities Commission approved Duke Energy Progress’ latest rate case, which includes “performance-based regulation” meant to help achieve the state’s environmental policies.

Warm weather in its service territories led to lower earnings for Duke in Q1, but CEO Lynn Good told investors that the firm should make up for it this summer.