The company said Duke Energy Florida filed a settlement agreement with the Florida Public Service Commission on July 15, 2024, and the settlement includes an ROE band of 9.3% to 11.3% with a midpoint of 10.3%, based on a capital structure of 53% equity and 47% debt.

1. 01

   The company said Duke Energy Florida filed a settlement agreement with the Florida Public Service Commission on July 15, 2024, and the settlement includes an ROE band of 9.3% to 11.3% with a midpoint of 10.3%, based on a capital structure of 53% equity and 47% debt.

2. 02

   The company said the settlement provides for base rate increases of $203 million in 2025 and $59 million in 2026. In 2027, it said, the company will use estimated investment tax credits of $50 million in lieu of a rate increase; $67 million of that amount is on a pre-tax revenue requirement basis.

3. 03

   The company said the base revenue increase originally requested for 2025 was $593 million, which became $503 million after post-filing adjustments. It said the settlement reflects a reduced ROE (109) and solar investments to be recovered via SOBRA (37). All amounts are in millions of dollars.

4. 04

   The company said the settlement includes a base rate stay-out provision that expires at the end of 2027. It said the investments include 12 new solar plants totaling 900 megawatts, and that the settlement is subject to review and approval by the FPSC.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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