CLAIM #22134 · DUK (DUK) · 2025Q3 earnings call · Nov 7, 2025 · due Mar 31, 2027
“We expect new rates to be effective in early 2027, and we'll provide additional details once the filings are made.”
Brian Savoy · CFO
How to check this claim
Look at: New rates effective status for DEC and DEP North Carolina rate cases
It came true if: New rates in effect for DEC and/or DEP North Carolina by 2027-03-31
Where: Company-disclosed regulatory filings / commission orders (10-K or Q1 2027 earnings call commentary)
In context
“tiyear rate plans in North Carolina and Florida, and we'll implement Phase 2 of the Indiana rate case in March. Midwest and Florida grid riders will continue to provide steady growth. We also expect new rates in South Carolina to be effective in the first quarter of 2026. We were pleased to reach constructive settlements last week with the ORS and other intervenors in our DEP rate case. The settlements, which are subject to commission approval are based on a 9.99% ROE and 53% equity ratio and resolve all open items in the case. Our DEC South Carolina rate case continues to progress as well, and we expect final orders in both cases by year-end. I'd also like to highlight that in North Carolina, we provided 30-day notice of our plans to file rate cases for both DEC and DEP later this month. We expect new rates to be effective in early 2027, and we'll provide additional details once the filings are made. As we move through the remainder of the decade, our long-term earnings growth is underpinned by our attractive jurisdictions, which are benefiting from population migration and growing economies. These tailwinds provide an extensive runway of capital development -- deployment opportunities, which drive steady and increasing rate base growth. With solid business environments and efficient recovery mechanisms in place, we are well positioned to deliver 5% to 7% earnings growth through 2029 with confidence to earn in the top half of the range beginning in 2028. Turning to Slide 9. One of our strategic priorities is to solidify our late-stage economic development pipeline and convert prospects into firm projects. We've been working closely with state and local partners to deliver on that comm”
Verify independently
SEC filings for DUK ↗ · Claim quote is verbatim from the 2025Q3 earnings call.