Duke Energy CEO on Q4, Renewable Unit Writedown, Capex

The transcript covers Duke Energy's strong performance in 2022, future investment plans focusing on clean energy, and the strategic decision to sell its commercial renewable energy business. It explains the impairment charge due to accounting conventions and discusses the challenges faced during power outages before Christmas. The long-term CapEx plan, supported by the Inflation Reduction Act, aims to transition to clean energy affordably. The role of natural gas and future technologies like hydrogen and carbon capture are also explored. Updates on the sale of the commercial renewable energy business are provided.

What percentage of Duke Energy's capital over the next five years is directed toward the clean energy transition?

• 65%

• 80%

• 50%

• 90%

Why did Duke Energy record an impairment charge for their commercial renewable energy business?

• Due to regulatory changes

• Due to a decrease in market value

• As a result of an accounting adjustment

• Because of increased competition

What was one of the main causes of the power outages experienced by Duke Energy before Christmas?

• Rapidly dropping temperatures

• Human error

• Equipment failure

• Cyber attack

What is the total capital expenditure plan of Duke Energy over the next 10 years?

• $250 billion

• $200 billion

• $145 billion

• $100 billion

How does the Inflation Reduction Act benefit Duke Energy's transition to clean energy?

• By increasing energy prices

• By reducing regulatory requirements

• By offering tax incentives

• By providing direct funding

What technologies is Duke Energy exploring to potentially lower the carbon footprint of natural gas?

• Wind turbines

• Hydrogen and carbon capture

• Solar panels

• Nuclear fusion

What is Duke Energy's approach to managing natural gas plants in the future?

• Phasing them out immediately

• Converting them to coal plants

• Exploring new technologies to reduce emissions

• Selling them to other companies