Duke Energy Signs Deals to Power Data Centers

Summary

Duke Energy CEO Harry Sideris discusses a strong 2025, balance-sheet-strengthening transactions, and 5 GW of new generation under construction. He highlights 4.5 GW of data-center power contracts, including with Microsoft and Compass in North Carolina, structured to protect retail customers from cost shifts. He also covers grid hardening, affordability, nuclear tax credits, coal reliability, and cooperation with the Trump administration on permitting and speed to power.

• Duke Energy exceeded the midpoint of its 2025 earnings targets and announced two balance-sheet-strengthening transactions.
• The company started construction on 5 GW of new generation to serve AI data-center and population growth.
• Duke signed 4.5 GW of data-center contracts, including Microsoft and Compass projects in North Carolina.
• Large-load contracts use minimum take payments and are designed to avoid shifting costs to ordinary customers.
• Duke continues grid-hardening and self-optimizing technology to improve reliability and reduce outages.
• Management supports an all-of-the-above strategy, including maintaining coal assets for reliability and affordability.
• Nuclear tax credits and permitting reform are expected to lower customer costs and support new generation.
• The CEO says affordability, reliability, and speed to power are shared goals with the Trump administration.