duk-20250129


Commission file number	Exact Name of Registrant as Specified in its Charter, State or other Jurisdiction of Incorporation, Address of Principal Executive Offices, Zip Code, and Registrant's Telephone Number, Including Area Code	IRS Employer Identification Number

1-32853	DUKE ENERGY CORPORATION	20-2777218


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

Registrant

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Duke Energy

Common Stock, $0.001 par value

DUK

New York Stock Exchange LLC

Duke Energy

5.625% Junior Subordinated Debentures

DUKB

New York Stock Exchange LLC

due September 15, 2078

Duke Energy

Depositary Shares

DUK PR A

New York Stock Exchange LLC

each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share

Duke Energy

3.10% Senior Notes due 2028

DUK 28A

New York Stock Exchange LLC

Duke Energy

3.85% Senior Notes due 2034

DUK 34

New York Stock Exchange LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

On April 4, 2024, Duke Energy Indiana, LLC (“DEI”) filed a general rate case with the Indiana Utility Regulatory Commission (the “IURC”). The filing requested an overall approximate 16.2% increase in retail revenues, or approximately $492 million, with an overall rate of return of approximately 6.5% based on approval of a 10.5% return on equity and a 53.0% equity component of the capital structure. The request was premised upon a DEI forecasted rate base of $12.5 billion as of December 31, 2025. On January 29, 2025, the IURC issued an order approving, among other things, a revenue increase of approximately $296 million for the total increase, predicated in part on a 9.75% return on equity and a 53.0% equity component of the capital structure. On February 3, 2025, the IURC issued an order clarifying the $296 million revenue requirement approved in its January 29, 2025, order.

Step 1 rates are estimated to become effective by March 2025, and Step 2 rates are estimated to be effective March 2026, trued up with carrying costs to January 2026. DEI will make a compliance filing with the IURC in February 2025 for their review and approval before Step 1 rates are implemented.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



			DUKE ENERGY CORPORATION
Date: February 3, 2025			By: /s/ David S. Maltz
			David S. Maltz
			Vice President, Legal, Chief Governance Officer and Assistant Corporate Secretary

			DUKE ENERGY INDIANA, LLC
Date: February 3, 2025			By: /s/ David S. Maltz
			David S. Maltz
			Vice President, Legal, Assistant Secretary and Chief Governance Officer