Duke Energy applies for Department of Energy loans that represent potentially billions of dollars in customer savings
Duke Energy submitted an application for loans from the U.S. Department of Energy to support grid strengthening and capacity additions, with the potential to generate billions in customer savings through reduced financing costs. The company noted its regulated model allows these lower costs to flow directly to customers, and it recently announced $5 billion in cost-saving benefits from utility combinations and tax credits.
Key figures
- Energy capacity mw
- 55700
- Customers served gas
- 1600000
- Customers served electric
- 8700000
- Potential customer savings
- billions of dollars
AI analysis
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