Duke Energy reports nearly $5B net income as customers face higher bills, pending rate increases

[Guno צְבִי]

Duke Energy reported nearly $5 billion in net income for 2025 as central North Carolina customers expressed outrage over "doubled" and "outrageous" power bills following a cold snap.

In November, Duke Energy proposed a 15% rate hike that would cost customers on average $20 to $30 more per month.

The North Carolina Utilities Commission will begin to consider Duke Energy's proposed rate hikes in July and August of this year.

Duke Energy reports nearly $5B net income as customers face higher bills, pending rate increases

Duke Energy reported nearly $5 billion in net income for 2025 as central North Carolina customers expressed outrage over "doubled" and "outrageous" power bills following a cold snap.

www.wral.com

And yet they made 5 BILLION

 

[T. A. Gardner]

Duke Energy reported nearly $5 billion in net income for 2025 as central North Carolina customers expressed outrage over "doubled" and "outrageous" power bills following a cold snap.

In November, Duke Energy proposed a 15% rate hike that would cost customers on average $20 to $30 more per month.

The North Carolina Utilities Commission will begin to consider Duke Energy's proposed rate hikes in July and August of this year.

Duke Energy reports nearly $5B net income as customers face higher bills, pending rate increases

Duke Energy reported nearly $5 billion in net income for 2025 as central North Carolina customers expressed outrage over "doubled" and "outrageous" power bills following a cold snap.

www.wral.com

And yet they made 5 BILLION

Okay, and, so? What was Duke's profit margin in this period? Net income after expenses? The number you gave is meaningless without knowing these things. After all, Duke could pull in $5 billion and be in the hole borrowing with what you gave.

Seems to me WRAL (an NBC affiliate) is gaslighting viewers by not presenting a full picture of Duke's financial position.

 

[Hawkeye10]

Okay, and, so? What was Duke's profit margin in this period? Net income after expenses? The number you gave is meaningless without knowing these things. After all, Duke could pull in $5 billion and be in the hole borrowing with what you gave.

Seems to me WRAL (an NBC affiliate) is gaslighting viewers by not presenting a full picture of Duke's financial position.

Electricity companies are pulling in large sums of money to pay for building capacity for AI.....The long running claims that we need to be on energy diets in order to save the planet went overboard.

 

[T. A. Gardner]

Electricity companies are pulling in large sums of money to pay for building capacity for AI.....The long running claims that we need to be on energy diets in order to save the planet went overboard.

That and being forced to transition to solar and wind from coal. That too just massively increases their operating costs. Solar and wind being forced on utilities will easily double, then triple, your electric bill.

Just think...

Back when Obama was President and he passed those huge infrastructure bills, if that money went into building 50 new, large, nuclear power plants, and then Biden's infrastructure bills went into any cost increases or overruns, we'd now have 50 new, large nuclear power plants and could close all the coal plants, and have more electricity than ever.

The problem would be solved. Far less CO2, lots of relatively cheap electricity, no real need for solar or wind, and those AI data centers would have the power they needed, all without your electric bill going up.

 

[Hawkeye10]

That and being forced to transition to solar and wind from coal. That too just massively increases their operating costs. Solar and wind being forced on utilities will easily double, then triple, your electric bill.

That too......the combo is brutal.....civilization runs on energy.....massive increases in energy costs destroy civilization.

OOPS.

 

[Yakuda]

Duke Energy reported nearly $5 billion in net income for 2025 as central North Carolina customers expressed outrage over "doubled" and "outrageous" power bills following a cold snap.

In November, Duke Energy proposed a 15% rate hike that would cost customers on average $20 to $30 more per month.

The North Carolina Utilities Commission will begin to consider Duke Energy's proposed rate hikes in July and August of this year.

Duke Energy reports nearly $5B net income as customers face higher bills, pending rate increases

Duke Energy reported nearly $5 billion in net income for 2025 as central North Carolina customers expressed outrage over "doubled" and "outrageous" power bills following a cold snap.

www.wral.com

And yet they made 5 BILLION

My electric bill is $20/ month. I've got solar. Paid for it in cash so all i pay for is the connection to the grid so they can take back the extra power I generate. I get credit for it and for three years since the installation I pay just that $20 connection fee.

 

[Stone]

Duke Energy reported nearly $5 billion in net income for 2025 as central North Carolina customers expressed outrage over "doubled" and "outrageous" power bills following a cold snap.

In November, Duke Energy proposed a 15% rate hike that would cost customers on average $20 to $30 more per month.

The North Carolina Utilities Commission will begin to consider Duke Energy's proposed rate hikes in July and August of this year.

Duke Energy reports nearly $5B net income as customers face higher bills, pending rate increases

Duke Energy reported nearly $5 billion in net income for 2025 as central North Carolina customers expressed outrage over "doubled" and "outrageous" power bills following a cold snap.

www.wral.com

And yet they made 5 BILLION

Sweet. Might be time to buy some of their shares!