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Storm Cost Recovery

Storm Cost Recovery

Find out how Duke Energy is taking steps to economically manage the cost of hurricanes and winter storms.

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How Duke Energy is managing the recovery of storm costs

We're using securitization and spreading out costs to keep the expense of severe storms as low as possible for our customers. 
  • Saving Duke Energy NC customers $300 million

    Duke Energy will be using bonds to finance the cost of several hurricanes and a winter storm over 20 years. Read more.

  • Issuing bonds keeps the impact as low as possible

    The use of low-interest bonds, as approved by NC Utilities Commission (NCUC), reduced storm recovery costs by 35%

  • Storm cost recovery overseen by regulators

    Duke Energy completed $1 billion in storm recovery bond financings overseen by NCUC, which reviews all submissions.

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Frequently Asked Questions