Duke Energy 2024 Annual Report

2024 Annual Report

As I reflect on the last decade, there are many years that I’m proud of, but perhaps none more than 2024.

We started the year with significant momentum, as we repositioned our investment proposition and transformed our business into a fully regulated utility. With a clear path to growth, we took every opportunity to deliver, building on our strong regulatory track record, advancing new generation and sustaining the industry-leading operational excellence for which our company is known.

We experienced energy demand thanks to strong residential customer growth and the expansion of new and existing businesses across our service territories. And we are taking the actions today to meet anticipated 3% to 4% load growth at the enterprise and 4% to 5% in the Carolinas beginning in 2027.

However, what fills me with the greatest sense of pride is the way we delivered for our customers and communities in their time of need. We experienced the most significant storm season in company history, responding to about 5.5 million outages from three back-to-back hurricanes. We restored our customers as quickly and safely as possible in some of the toughest conditions we’ve ever seen and rebuilt large portions of the system in a matter of days.

Our 26,000 employees banded together during these storms and demonstrated Duke Energy at its best. I know this team will respond with the same passion and unwavering commitment to our mission, creating value for our customers, communities and investors along the way.

Over the next decade, as we power a modern economy – one that’s evolving rapidly thanks to growth in U.S. manufacturing, technology advancements and electrification – we are executing the largest infrastructure build we’ve ever undertaken.

You can read more about our company's results in our annual report.