Duke Energy's Carolinas utility merger to save customers $2.3B by 2040, plus $3.1B in tax credit savings.

Duke Energy's approved merger of its Carolinas utilities, Duke Energy Carolinas and Duke Energy Progress, is expected to save customers approximately $2.3 billion from 2027 to 2040 by improving operational efficiency and cost management. Additionally, a new agreement to monetize $3.1 billion in tax credits from nuclear and solar investments will provide long-term savings. These efforts aim to keep energy affordable while maintaining reliability and supporting economic growth in the region. The merger is set to take effect on January 1, 2027, with all savings passed directly to customers.