Storm Cost Recovery

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