STATE OF NORTH CAROLINA UTILITIES COMMISSION RALEIGH DOCKET NO. E-2, SUB 1354 BEFORE THE NORTH CAROLINA UTILITIES COMMISSION In the Matter of Application of Duke Energy Progress, LLC ) for Approval of Joint Agency Asset Rider ) PUBLIC NOTICE for Recovery of Costs Related to Facilities ) Purchased from Joint Power Agency ) NOTICE IS HEREBY GIVEN that the North Carolina Utilities Commission has scheduled a hearing for the purpose of receiving public and expert witness testimony on the annual Joint Agency Asset Rider (JAAR) proceeding for Duke Energy Progress, LLC (DEP). The hearing is scheduled to begin at 2:00 p.m. on Monday, September 29, 2025, along with DEP’s other 2025 rider proceedings, in Commission Hearing Room 2115, Dobbs Building, 430 North Salisbury Street, Raleigh, North Carolina. Public witness testimony will be received in accordance with Commission Rule R1-21(g). If no significant protests are received by September 22, 2025, the Commission may cancel the public witness hearing. North Carolina General Statutes Section 62-133.14 provides for the recovery through a rate rider of costs incurred by an electric utility to acquire, operate, and maintain interests in electric generating facilities purchased from a joint municipal agency. Pursuant to N.C. Gen. Stat. § 62-133.14(a), the Commission initiated a proceeding in Docket No. E-100, Sub 144 and, after considering comments received from interested parties, adopted Commission Rule R8-70 to implement the provisions of the new statute. On July 31, 2015, after receiving Commission approval in Docket Nos. E-2, Sub 1067 and E-48, Sub 8, Duke Energy Progress, LLC (DEP), completed the acquisition from North Carolina Eastern Municipal Power Agency (NCEMPA) of NCEMPA’s ownership interest in five electric generating facilities that were previously jointly owned by DEP and NCEMPA (Joint Units). On June 10, 2025, DEP filed its application in the above-captioned docket for recovery of costs incurred by DEP for the acquisition and operation of the Joint Units. Pursuant to Commission Rule R8-70, DEP shall recover such costs by means of a JAAR to be approved annually by the Commission. The JAAR proposed by DEP in this proceeding would be effective for service rendered on and after December 1, 2025, through November 30, 2026. If approved by the Commission, DEP’s proposed changes in its JAAR would result in a 0.4% decrease compared to the existing JAAR rate for the average residential customer using 1,000 kWh; a 0.5% decrease compared to the existing JAAR rate for the average commercial customer using 1,000 kWh; and a 2.4% increase compared to the existing JAAR rate for the average industrial customer using 1,000 kWh. The impact of rate change for a residential customer consuming 1,000 kWh per month is a decrease of $0.74. Further information may be obtained from the Office of the Chief Clerk, North Carolina Utilities Commission, Dobbs Building, 5th Floor, 430 North Salisbury Street, Raleigh, North Carolina, where a copy of DEP’s application and testimony is available for review by the public, or on the Commission’s website at www.ncuc. gov. The Public Staff is authorized by statute to represent consumers in proceedings before the Commission. Written statements to the Public Staff should include any information that the writers wish to be considered by the Public Staff in its investigation of the matter. Such statements should be addressed to Mr. Christopher J. Ayers, Executive Director, Public Staff 4326 Mail Service Center, Raleigh, North Carolina 27699-4300. Written statements are not evidence unless persons appear at a hearing and testify concerning the information contained in their written statements. Any person desiring to intervene in the proceeding as a formal party of record should file a petition under North Carolina Utilities Commission Rules R1-5 and R1-19 on or before September 2, 2025. Such petitions should be filed with the Chief Clerk of the North Carolina Utilities Commission, 4325 Mail Service Center, Raleigh, North Carolina 27699-4300. The direct testimony and exhibits of expert witnesses to be presented by intervenors should also be filed with the Commission on or before September 2, 2025. ISSUED BY ORDER OF THE COMMISSION. This the 21st day of July, 2025. NORTH CAROLINA UTILITIES COMMISSION Tamika D. Conyers, Deputy Clerk