Duke Energy protects customers from data center costs
PR Newswire•07/10/2026•15:54 ET
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Key Highlights
- ➤Duke Energy settlement shields existing customers from data center service costs
- ➤New customers 50 megawatts or more face upfront payments, deposits and guarantees
- ➤High Load Factor rates required for new large-load customers, including data centers
- ➤North Carolina Utilities Commission approval expected by mid-November
- ➤Duke Energy Carolinas and Duke Energy Progress combine into one utility January 1, 2027
Expert Statements
Kendal Bowman, Duke Energy's North Carolina president
“It's simple – data centers will pay upfront for all costs to connect to the grid”
Kendal Bowman, Duke Energy's North Carolina president
“We're shielding other customers from these costs in a way that protects reliability and ensures everyone benefits from the economic growth coming to North Carolina.”
Duke Energy protects customers from data center costs PR Newswire
* Agreement with North Carolina Public Staff, Amazon, Google, Meta, Microsoft and others enhances existing protections to further insulate customers from data center costs while delivering billions in long-term benefits CHARLOTTE, N.C., Oct. 7, 2026 /PRNewswire/ -- Duke Energy and stakeholders have reached an agreement that further protects existing customers from costs to serve data centers and other large-load customers in North Carolina.
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