“We are adding approximately 14 gigawatts of incremental capacity over the next five years, which demonstrates our commitment to meet the accelerated growth in front of us by maximizing our current fleet as we add new generation.”

In context

“ecember. In North Carolina, we are progressing our request for new multiyear rate plans, which would take effect on January 1, 2027. These requests cover investments to strengthen the grid and upgrade our fleet, and importantly, reflect cost control initiatives that have allowed us to maintain a flat O&M cost structure despite inflationary pressures in a growing asset base. We know there is never a good time for energy bills to go up. Families and businesses feel every increase, and affordability matters. That is why our focus is straightforward: keep costs as low as possible while maintaining reliability. Moving to Slide 7, providing the reliable power our customers expect requires us to add every available megawatt to the grid and increase speed to power as we build for economic growth. We are adding approximately 14 gigawatts of incremental capacity over the next five years, which demonstrates our commitment to meet the accelerated growth in front of us by maximizing our current fleet as we add new generation. As I mentioned earlier, we already have agreements in place for the supply chain and workforce to support this incredible build, including provisions with EPC contractors to create efficiencies over time and a framework agreement with GE Vernova on turbine procurement. With over $1 billion of capital deployed every single month, Duke Energy Corporation's scope and scale uniquely position us to lead this generation build. We have extensive experience from building nearly four gigawatts of gas generation across our fleet over the last decade. We have been actively preparing for this next build cycle for more than three years, giving us full confidence in our ability to execute the work ahead. Consistent with our all-of-the-above strategy, we will also continue to add battery and solar proje”