MAAT INDEX

CLAIM #21933 · DUK (DUK) · 2024Q1 earnings call · May 7, 2024 · due Dec 31, 2034

As we look out in time, we see an expanding CapEx profile. We've guided $73 billion for 5 years, but over the 10-year plan, $170 billion to $180 billion.

Brian Savoy · CFO

PENDING
graded after results covering Dec 31, 2034 are reported

How to check this claim

Look at: Cumulative disclosed capital expenditure plan over the 10-year forward period (2024-2034), as guided by management

It came true if: 10-year total capital expenditure guidance falls within $170 billion to $180 billion

Where: Company investor presentations / earnings call guidance updates (10-year capital plan disclosure)

In context

t what T&D expansions and upgrades might come out of what we're seeing in longer-term load growth increases? Brian Savoy: No, David. This is Brian. I'll take that. It's a really good question and one we evaluate every single day here in Duke Energy. As we find a way to serve our customers in a reliable and affordable way, we know we're going to need more resources, because we're seeing more demand on the system. And it's -- to your point, it's not just generation. It's T&D investments, too. And the teams across the Duke Energy evaluate how we're going to put the loads in the best places as well as when we talk about economic development opportunities, we present customers with the places that have generation capacity and T&D capacity to support them or the modest upgrades that we need. As we look out in time, we see an expanding CapEx profile. We've guided $73 billion for 5 years, but over the 10-year plan, $170 billion to $180 billion. And that contemplates higher resource needs to serve this increasing load. And we're going to do so that drives growth for our investors as well as preserves a strong balance sheet. And I think like I said, to Shar's question, we want to bring all this together in our next financial update as we roll the plan to 2029 that will have a fulsome view of both capital, load demand as well as how we're going to finance all of that. Lynn Good: David, the one thing I would add. We've been really successful over the last many years in developing modern regulatory mechanisms for grid investment. And those grid investments are running in every jurisdiction to really prepare for this generation transition, and that will continue. So if you look at our next 5 years, largely reinvestments. And so we'll

Verify independently

SEC filings for DUK · Claim quote is verbatim from the 2024Q1 earnings call.