Duke Energy submits application for DOE loans

Duke Energy (DUK) submitted an application for loans from the U.S. Department of Energy (DOE) that represent potentially billions of dollars in customer savings as the company strengthens the electric grid, adds capacity and reliably serves some of the fastest-growing states in the country. This application to the DOE is the first step in a process to negotiate the final loan amount and stipulations Duke Energy is applying for DOE loans to support planned investments to reliably meet rising energy demand at the lowest cost to customers: DOE financing would reduce interest costs for these critical investments and deliver direct customer benefits. DOE financing is expected to save customers money through lower financing costs.