March 19, 2025

Duke Energy seeks to recover $110M in costs from pair of 2024 hurricanes

Unprecedented storm costs from Hurricanes Helene and Debby to be included in Duke’s transmission rates starting in June 2025.

Storm Cost Recovery: Duke Energy Carolinas (DEC) and Duke Energy Progress (DEP) filed with FERC a request to recover $110 million in deferred storm-related transmission operation and maintenance costs from 2024. The costs stem from Hurricanes Helene and Debby, which caused extensive damage across the Carolinas. The Backstory: The 2024 storms resulted in $1.15 billion in system costs for DEC ...

Details:

Filing Date: March 18, 2025

Docket Numbers:

ER25-1700

Short Summary:

Duke Energy Carolinas (DEC) and Duke Energy Progress (DEP) filed with FERC a request to recover $110 million in deferred storm-related transmission operation and maintenance costs from 2024. The costs stem from Hurricanes Helene and Debby, which caused extensive damage across the Carolinas.

Impact Level:

Categories:

Rate & Tariff Tracker

Tags: Cost Recovery, Storm Damages, Transmission

Entities: Duke Energy Corp.

Markets:

Regions: Southeast

States: North Carolina, South Carolina

Regulators: FERC

Courts:

Documents:

Transmission Rates – Rate Revisions – Request for Approval