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Duke Energy Projects $5 Bln Cost Savings Through Two Initiatives

May 04, 2026 — 11:38 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Duke Energy Corp. (DUK) Monday announced the finalization of two initiatives to deliver more than $5 billion in cost-saving benefits.

Combination of two electric utilities in the Carolinas - Duke Energy Carolinas and Duke Energy Progress is expected to deliver savings of around $2.3 billion. The targeted effective date of the utility combination is January 1, 2027.

The company expects that low-cost power plant operations and new investments might deliver up to $3.1 billion in tax savings.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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