Duke Energy seeks DOE loans to cut costs and boost electric grid capacity amid rising demand

Duke Energy has applied for loans from the U.S. Department of Energy to fund investments aimed at strengthening the electric grid and expanding capacity in fast-growing states. The DOE loans would lower financing costs, allowing Duke Energy to deliver savings directly to customers while maintaining reliable service. This move is part of Duke's broader strategy to reduce costs through federal support and tax credits, benefiting millions of customers across several states. The company emphasizes its commitment to responsible investment and affordable energy as demand grows.