CLAIM #22156 · DUK (DUK) · 2025Q3 earnings call · Nov 7, 2025 · due Dec 31, 2028
“As I think about the top half of the growth range in beginning of 2028, I would say it fits within any of the $95 billion to $105 billion capital range that we provided.”
Brian Savoy · CFO
How to check this claim
Look at: Company-reported total capital plan spending, cumulative through the plan period
It came true if: Cumulative capital spend falls between $95 billion and $105 billion, consistent with achieving top-half EPS growth range starting in 2028
Where: Company capital plan disclosures (10-K / investor day / earnings call updates)
In context
“we announced earlier this year, and then we'll continue to fund like we've mentioned before, 30% to 50% of our plan with equity depending on the projects. We'll update the details of that in February, as we always do. But we're committed to protecting the balance sheet, meeting that 15% FFO that we committed to and being above 14% this year. Operator: Our next question comes from Jeremy Tonet from JPMorgan. Diana Niles: This is Diana Niles on for Jeremy. If I may expand on Alex's first question, I was wondering, to what extent does that high end of 5% to 7% reflects incremental capital? And does any of that incremental capital factor into like the confidence you expressed today to hit the high end of the range starting in 2028? Brian Savoy: Diana, I would -- this is Brian, I'll take that. As I think about the top half of the growth range in beginning of 2028, I would say it fits within any of the $95 billion to $105 billion capital range that we provided. It's not depending upon us being at the high end or it would be lower on the low end. It's contemplated in all those scenarios. Operator: [Operator Instructions] Our next question comes from David Paz from Wolfe Research. David Paz: Just on your large-load commentary, could you remind me what is the advanced pipeline -- sorry, the pipeline look like for large-load? And how much of that would you say is in advanced discussions that could be added to the 3 gigawatts of ESAs you signed this year? Harry Sideris: Yes. Good to hear from you. We have a very large and diverse pipeline of projects. I would say ours is just as big, if not bigger than anybody else's out there. But really, our focus has been on the projects that are from the credible hyperscalers as well as third-party developers tha”
Verify independently
SEC filings for DUK ↗ · Claim quote is verbatim from the 2025Q3 earnings call.