Duke Energy reaches settlements in Carolinas merger plan

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Duke Energy announced settlement agreements on its proposed merger of Duke Energy Carolinas and Duke Energy Progress, with support from multiple stakeholders including the North Carolina Public Staff, Attorney General's Office, and organizations such as Southern Alliance for Clean Energy, Vote Solar, and the North Carolina Sustainable Energy Association. The settlements project approximately $2.3 billion in customer savings from 2027 to 2040 through operational efficiencies and lower production costs. State regulators in North Carolina and South Carolina must still approve the combination, with a targeted effective date of January 1, 2027.