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New Duke Energy CEO lays out major merger plans, infrastructure push in 2025

Summary by The Business Journals

New CEO Harry Sideris says Duke Energy will file this year to merge its Carolinas utilities, aiming for a January 2027 effective date. The Charlotte-based company also plans to accelerate generation projects and infrastructure upgrades amid surging power demand. Q1 net income hit $1.37 billion, up 22% from 2024.

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The Business Journals

New Duke Energy CEO lays out major merger plans, infrastructure push in 2025

New CEO Harry Sideris says Duke Energy will file this year to merge its Carolinas utilities, aiming for a January 2027 effective date. The Charlotte-based company also plans to accelerate generation projects and infrastructure upgrades amid surging power demand. Q1 net income hit $1.37 billion, up 22% from 2024.

6 days ago·United States

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Duke Energy plans to merge Carolinas operations by 2027

Duke Energy plans to file applications this year to merge the two companies it operates in the Carolinas.

6 days ago

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WSOC-TV broke the news in 6 days ago on Wednesday, May 7, 2025.

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