Duke Energy described plans to invest up to $200 billion in the next decade to meet demand growth across its multiple utilities during an earnings call for the first quarter of 2025.

Duke Energy is considering nuclear for its long-term plans, but it may take decades before the resource is being installed at scales similar to gas plants, solar or wind today.

Duke Energy reported third-quarter earnings of $1.226 billion ($1.60/share), a dip of about 15% from the same period in 2023, as its utility territories were hit by three hurricanes.

The Southeast’s traditionally risk-averse vertically integrated utilities are now embracing the clean energy transition, driven by economic development in the form of new industry and data centers.

The NCUC approved Duke Energy's second Carbon Plan and Integrated Resource Plan, authorizing procurements of renewable energy, nuclear and demand response, while calling for its 8,000 MW of coal to be retired in 2036.

While most customers have seen their power restored since Hurricane Helene hit, some of the hardest hit and most remote customers could wait weeks to get their lights back.

A lower court found Duke was just competing for business, but the appeals panel of three judges has open questions on whether market power was abused.