Duke Energy (DUK) director Joyce A. Mullen acquired 1,066 Director Savings Plan Restricted Stock Unit Deferrals on September 28, 2026. The reported transaction price was $113.41 per share, and Mullen's reported position after the transaction was 1,066 units. The deferrals convert into Common Stock on a 1-for-1 basis and are generally payable upon termination of service.
Duke Energy Corporation’s PremierNotes variable-denomination floating-rate demand notes carry a 4.00% annual interest rate and a 4.08% yield as of September 28, 2026. The rate is determined weekly by the Duke Energy PremierNotes Committee or its designee and takes effect the following Monday.
Duke Energy Corporation appointed Joyce Mullen to its board, effective September 28, 2026, for an initial term ending at the 2027 Annual Meeting of Shareholders. She will join the Audit Committee and the Operations and Nuclear Oversight Committee. The board determined she is independent under the company’s standards, New York Stock Exchange listing standards, and SEC rules.
Mullen retired as president and chief executive officer of Insight Enterprises in April 2026 and continues advising its leadership as executive vice president of strategic development. She previously held executive positions at Dell Technologies during a 21-year tenure and earlier leadership roles at Cummins Engine Company. As a non-employee director, she will receive a pro-rated payment of the cash and stock annual retainer. The outside-director ownership guideline calls for common stock or equivalents worth at least five times the annual Board cash retainer, stated as $700,000, or retention of 50% of her vested annual equity retainer.
Duke Energy Corporation completed an underwritten offering of 40,000,000 equity units, including 5,000,000 units sold under the underwriters’ over-allotment option, each with a stated amount of $50, for an aggregate offering size of $2,000,000,000.
Each equity unit initially consists of a stock purchase contract obligating the holder to buy common stock for $50 in cash no later than August 1, 2029, plus 1/40 interests in the company’s 4.85% Remarketable Senior Notes due 2032 and 2036. Total annual distributions on corporate units are 7.75% of stated amount, combining 2.90% contract adjustment payments and 4.85% RSN interest. Estimated net proceeds are about $1,719 million (or $1,965 million if the over-allotment option is fully exercised). Duke Energy intends to list the corporate units on the NYSE under the symbol “DUKU”.
Duke Energy Corporation is issuing 35,000,000 Equity Units, each with a stated amount of $50, for total gross proceeds of $1.75 billion. Each Corporate Unit combines a stock purchase contract with undivided interests in Remarketable Senior Notes due 2032 and 2036, which initially bear 4.85% annual interest and are subject to future remarketing and rate reset.
Each purchase contract obligates holders on August 1, 2029 to buy Duke Energy common stock for $50, receiving between 0.3301 and 0.4126 shares depending on the 20‑day volume‑weighted average price relative to reference prices of $151.4693 and $121.1827. Holders receive quarterly 2.90% annual contract adjustment payments, which Duke may defer with a step‑up to 7.75% on deferred amounts, while interest on the RSNs cannot be deferred.
Duke expects net proceeds of about $1.719 billion (or $1.965 billion with full over‑allotment) to help redeem $500 million of 3.25% junior subordinated debentures due 2082, repay a portion of $2.1 billion of commercial paper (weighted average rate 3.91%), and for general corporate purposes.
Duke Energy Corporation is offering 35,000,000 Equity Units, each with a stated amount of $50, initially issued as Corporate Units composed of a stock purchase contract and undivided interests in two series of Remarketable Senior Notes due 2032 and 2036. The company may sell up to an additional 5,000,000 Equity Units to cover over-allotments. The Corporate Units are expected to be listed on the NYSE under the symbol “DUKU”, while the common stock trades under “DUK”.
Each purchase contract obligates holders to buy Duke Energy common stock on August 1, 2029 for $50, with the number of shares determined by a formula based on the 20‑day volume‑weighted average price before settlement, subject to anti‑dilution and fundamental change adjustments. Holders receive quarterly contract adjustment payments and interest on the RSNs; both RSN series are senior unsecured obligations, structurally subordinated to subsidiary liabilities. The RSNs may be remarketed, with proceeds funding Treasury portfolios that secure stock purchase obligations.
Net proceeds are expected to be used to redeem $500 million of 3.25% junior subordinated debentures due 2082, repay a portion of approximately $2.1 billion of commercial paper (weighted average rate 3.91%), and for general corporate purposes. Separately, subsidiary Duke Energy Progress filed a comprehensive North Carolina rate settlement featuring a 9.8% ROE, an approximately $17.8 billion retail rate base and about $3.4 billion of multi‑year capital, which remains subject to regulatory approval and is expected to trigger about $30 million of one‑time pre‑tax charges.
Duke Energy Progress, LLC reached a Comprehensive Revenue Requirement Settlement with the Public Staff – North Carolina Utilities Commission and other intervenors in its 2025 North Carolina rate case. The settlement is based on a 9.8% return on equity and a capital structure with a 53% equity component.
The historic North Carolina retail rate base is approximately $17.8 billion, and the multi-year rate plan will include about $3.4 billion of capital over a two-year period, with an annual refund mechanism tied to approved versus actual projects and capital placed in service. The settlement extends amortization of deferred coal ash costs from five to eight years and increases the flow-back of production tax credits to customers from $40 million annually in the original request to $120 million annually for 2027 and 2028.
The agreement includes a revised combined revenue requirement increase of $338 million over two years, equating to an average annual rate increase of 3.4%. One-time pre-tax accounting charges of about $30 million are expected in 2026 and are anticipated to be treated as special items excluded from adjusted earnings. The settlement remains subject to review and approval by the North Carolina Utilities Commission.
Duke Energy Corporation reported stronger results for the three and six months ended June 30, 2026. For the June quarter, total operating revenues were $7,592 million versus $7,508 million a year earlier, and net income available to common stockholders was $1,077 million, up from $971 million. Basic and diluted EPS from continuing operations were $1.38 compared with $1.25. For the first half of 2026, revenues were $16,770 million versus $15,757 million, with EPS of $3.35 versus $3.00.
Operating income for the first half increased to $4,774 million from $4,173 million despite higher depreciation, amortization and interest expense. Net cash provided by operating activities declined to $4,272 million from $5,040 million, while capital expenditures rose to $8,240 million. Duke Energy received $2,501 million of proceeds and recorded a $368 million gain from the sale of Piedmont's Tennessee business. Long-term debt increased to $82,242 million, and total equity rose to $56,863 million, reflecting higher retained earnings and the sale of a noncontrolling interest in Florida Progress.
Duke Energy Carolinas, LLC filed a Comprehensive Revenue Requirement Settlement with North Carolina stakeholders in its 2025 rate case and Performance Based Regulation application. The agreement provides for a 9.8% return on equity with a 53% equity capital structure and a retail rate base of about $25.7 billion for the historic base case. It also includes roughly $3.8 billion of capital in a multi-year rate plan with an annual refund mechanism and lowers the combined revised revenue requirement increase to $496 million, with net annualized customer rate increases ranging up to 7.4% across the plan.
The settlement framework includes evaluating a delay of Duke Energy Carolinas’ next base rate case filing until no earlier than November 1, 2028, contingent on the North Carolina Utilities Commission granting deferral of costs for certain new generating assets. Intervening parties agreed to pursue good faith settlement discussions in the Duke Energy Progress rate case to seek a substantially similar framework. The stipulations are expected to result in one-time pre-tax accounting charges of about $40 million in 2026, treated as special items and excluded from adjusted earnings.