Duke Energy reported third-quarter earnings of $1.226 billion ($1.60/share), a dip of about 15% from the same period in 2023, as its utility territories were hit by three hurricanes.

Dominion Energy reported net income of $953 million in the third quarter this year, as it continued to see load growth from data centers, progress on its offshore wind project, and infrastructure damage from Hurricane Helene.

While most customers have seen their power restored since Hurricane Helene hit, some of the hardest hit and most remote customers could wait weeks to get their lights back.

FERC rejected a proposal Duke Energy filed to update its transmission planning process in the Carolinas due to a cost threshold in the proposal, saying other aspects of the filing seemed just and reasonable.

Duke Energy saw quarterly earnings slip due to low demand, but a growing economy and the transition to cleaner energy had its executives highlighting future growth opportunities on its earnings call Thursday.

Duke Energy saw earnings slip on mild weather and focused on its organic growth plans as a fully regulated firm engaged in the energy transition.

North Carolina businesses called for a study of wholesale market competition, including a possible RTO, citing a lack of “cost-competitive, clean energy.”

Warm weather in its service territories led to lower earnings for Duke in Q1, but CEO Lynn Good told investors that the firm should make up for it this summer.

South Carolina would benefit from joining PJM or forming a new RTO with neighbors, Brattle Group said in a report to state legislators.