Duke Energy plans $10 billion in equity issuance while spending over $1 billion monthly to meet demand.

Duke Energy plans to issue $10 billion of equity as it pursues generation and infrastructure spending. The source frames the equity program as part of the utility’s effort to capture a gas-generation growth opportunity.

President and CEO Harry Sideris said Duke was deploying more than $1 billion per month to meet record demand. The monthly figure describes the company’s spending pace rather than the amount of the planned equity issuance.

North Carolina advocates cited by Utility Dive said Duke had exaggerated demand-growth projections to justify its spending plan. The $10 billion remains a planned equity issuance; the supplied source does not state that the full amount has already been sold.