Duke Energy plans equity raise for data-center power buildout

Duke Energy plans a substantial equity raise to help fund a multi-year capital program tied to rising data-center electricity demand, according to Kalkine Media. The company's spending priorities include generation, transmission and distribution infrastructure across its regulated service territories. The report also says Duke reached a multiyear North Carolina rate settlement that reduced previously proposed rate increases and added refund provisions linked to project timing. Duke has continued securing long-term electric-service agreements with data-center customers, the report says.