U.S. Tobacco Stock News

NYSE:DUK
NYSE:DUKElectric Utilities

Duke Energy (DUK) Plans $10 Billion Equity Raise After North Carolina Rate Deal

Duke Energy (NYSE:DUK) plans a US$10b equity issuance to support gas generation projects tied to rising data center power demand. The company has reached a multiyear rate settlement in North Carolina that reduces earlier proposed rate hikes and adds refund provisions linked to project timing and federal tax credits. Both the capital raise and rate agreement are set to influence how Duke Energy manages infrastructure growth, balance sheet pressure and customer pricing over the coming...