Duke Energy Reaches Settlement to Shield North Carolina Customers from Data Center Costs

Duke Energy has reached a landmark agreement with regulators, technology companies and other stakeholders that will further insulate existing electricity customers from the costs of serving data centers and other large-load customers in North Carolina, a move that comes as utilities across the United States grapple with how to allocate the massive infrastructure expenses driven by the rapid expansion of AI and cloud computing. The settlement, announced between Duke Energy's two North Carolina ut