Duke Energy (DUK) has released an update.
Duke Energy Florida notified the Florida Public Service Commission of its intention to file for new base rates on April 2, 2024, with a three-year rate plan set to commence in January 2025. This plan includes incremental base rate revenue increases totaling approximately $596 million in 2025, $95 million in 2026, and $127 million in 2027, representing an average annual revenue requirement rise of around 4%. Additionally, DEF aims to establish a return on common equity at 11.15% based on a capital structure of 53% equity and 47% debt.
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For a comprehensive understanding of the announcement, you can read the full document here.
