Strategic asset sales completed
Duke Energy closed a minority investment in Florida Progress for $2.8 billion and the sale of Piedmont's Tennessee business for $2.5 billion, providing significant proceeds to support future infrastructure investments.
Adjusted EPS driven by rate recovery and volume growth
Adjusted earnings per share reached $1.43, up from $1.25 a year ago, primarily due to the recovery of infrastructure investments through higher rates and increased weather-normal retail volumes, partly offset by higher depreciation and interest expense.
Carolinas utility combination gains regulatory approvals
FERC authorized the proposed combination of Duke Energy Carolinas and Duke Energy Progress, and both North Carolina and South Carolina commissions approved settlements, with an effective date targeted for January 1, 2027.