- Apply tax savings to offset a portion of the current rate request pending before the NCUC.
- Avoid billing customers for storm-related and ongoing environmental compliance costs.
- Accelerate the depreciation of assets, such as smart meters or coal plants, which would reduce future requests to include these investments in customer rates.
Given the NCUC needs to approve the timing and amount of any customer rate changes, it is premature to determine the exact impact on North Carolina customers' energy bills.Duke Energy Headquartered in Charlotte, N.C., Duke Energy is one of the largest energy holding companies in the United States. Its Electric Utilities and Infrastructure business unit serves approximately 7.5 million customers located in six states in the Southeast and Midwest. The company's Gas Utilities and Infrastructure business unit distributes natural gas to approximately 1.6 million customers in the Carolinas, Ohio, Kentucky and Tennessee. Its Commercial Renewables business unit operates a growing renewable energy portfolio across the United States. Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com. The Duke Energy News Center serves as a multimedia resource for journalists and features news releases, helpful links, photos and videos. Hosted by Duke Energy, illumination is an online destination for stories about people, innovations, and community and environmental topics. It also offers glimpses into the past and insights into the future of energy. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook. Contact: Catherine Butler24-Hour: 800.559.3853 View original content with multimedia: http://www.prnewswire.com/news-releases/duke-energy-to-pass-savings-from-new-federal-tax-law-to-north-carolina-customers-300592247.html SOURCE Duke Energy