Playing both ends against the middle:
Duke Energy: owner and customer
Duke Energy will own its 40 percent share of the pipeline through the company’s Commercial Power business unit.
Separately, Duke Energy’s two North Carolina regulated utilities – Duke Energy Carolinas and Duke Energy Progress – will be customers of the pipeline, paying the pipeline’s owners to transport natural gas.
The transaction between Duke Energy’s commercial and regulated units will require North Carolina Utilities Commission approval, which Duke Energy will request this fall.
Since NC has reverted back to the unwise, unfair, and costly to consumers CWIP (Construction Work In Progress) program, the likelihood that Duke Energy will try to recoup their share of the construction costs of this pipeline via rate hikes is high. Whether they try to do that directly from the Commercial Power "business unit," or if said unit passes along the costs in what it charges the other Duke Energy entities, who will then seek the rate increases themselves, remains to be seen. But it bears watching. Closely.