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New Duke Energy Programs Offer Florida Customers More Choices Related to Electric Vehicles

New Duke Energy Programs Offer Florida Customers More Choices Related to Electric Vehicles

ST. PETERSBURG, Fla., April 2, 2025 /3BL/ - Duke Energy Florida announced the launch of three new programs – the Charger Prep Credit, Off-Peak Charging Credit and Fleet Advisory programs – to offer both residential and business customers more choices related to electric vehicles (EVs).
'Not only do EVs help save on fuel and maintenance costs for drivers, but they have significant economic and environmental benefits as well,' said Melissa Seixas, Duke Energy Florida state president. 'Our goal with these programs and the various incentives they offer is to make EVs more accessible for all of our customers, helping meet their individual needs, while contributing to the ongoing energy transition.'
Charger Prep Credit Program (Residential and Business Customers)
Through the Charger Prep Credit program, both residential and business customers can receive a one-time credit to defray the cost of installing EV charging infrastructure, including new electric plug-in outlets, electrical wiring improvements and other electrical upgrades required to support Level 2 or higher EV chargers. However, it does not apply to the charging station hardware and software (if needed), as well as permit fees. For more information, please click here (for residential customers) or here (for business customers).
Off-Peak Charging Credit Program (Residential Customers Only)
The Off-Peak Charging Credit program allows residential customers to get paid for charging their EVs during times when demand for energy is typically lower. Eligible customers using a Level 2 charger can earn a $7.50 credit on their monthly electric bills for charging their EVs during these off-peak hours – 10 a.m. to 6 p.m. and 11 p.m. to 5 a.m. Monday through Friday and anytime on weekends and holidays. It originally began as a pilot (reaching its threshold of 3,000 active participants while maintaining a lengthy waitlist) and is now a permanent offering without an enrollment limit. For more information, please click here.
Fleet Advisory Program (Business Customers Only)
By participating in the Fleet Advisory program, business customers can receive up to $12,000 to offset the cost of completing a fleet electrification study to assess the benefits of switching their fleet vehicles to EVs. The goal is for businesses to learn how to reduce their carbon footprint, while also discovering how EVs can lower their operating costs and improve overall efficiency. To qualify, a customer's fleet must include 20 or more light-duty vehicles, five or more medium/heavy-duty vehicles, or a combination of 10 or more light-duty and/or medium/heavy-duty vehicles. For more information, please click here.
Duke Energy Florida
Duke Energy Florida, a subsidiary of Duke Energy, owns 12,300 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.

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Dana Incorporated Announces Agreement to Sell Off-Highway Business for $2.7 Billion; $1 Billion Capital Return Authorization
Dana Incorporated Announces Agreement to Sell Off-Highway Business for $2.7 Billion; $1 Billion Capital Return Authorization

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Dana Incorporated Announces Agreement to Sell Off-Highway Business for $2.7 Billion; $1 Billion Capital Return Authorization

Price represents 7x the expected 2025 adjusted EBITDA of the Off-Highway business Strengthens balance sheet through substantial debt reduction Positions Dana with a streamlined go-to-market approach dedicated to on-highway light- and commercial-vehicle customers Announcing a new $1 billion capital return authorization through 2027 with $550 million of capital return to shareholders at or before closing of the Off-Highway business sale MAUMEE, Ohio, June 11, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that it has reached a definitive agreement to sell its Off-Highway business to Allison Transmission Holdings, Inc. (NYSE: ALSN; "Allison") for $2.7 billion. This represents 7x the expected 2025 adjusted EBITDA of the Off-Highway business. The transaction, which is subject to customary regulatory approvals and closing conditions, is projected to close late in the fourth quarter of 2025. "As we committed to last year, the sale of the Off-Highway business supports our strategy to become a streamlined light- and commercial-vehicle supplier with traditional and electrified systems," said R. Bruce McDonald, Chairman and Chief Executive Officer of Dana. "This transaction is a critical step in our transformation, meaningfully strengthening our balance sheet, reducing complexity in our business, and allowing us to return significant capital to our shareholders. Combined with our ongoing $300 million cost-savings initiatives, this transaction enables a focused path to grow and innovate, invest in our business, and continue to improve our cost structure." McDonald continued, "Allison will be an excellent owner of the business and will ensure it remains a market leader for drive and motion systems for off-highway vehicles and equipment." Following the successful close of the transaction, Dana expects to generate $2.4 billion of net cash proceeds after tax, other transaction expenses, and assumed liabilities. Dana plans to repay approximately $2 billion of debt to achieve target net leverage of approximately 1x over the business cycle. Additionally, the Dana board of directors has authorized a $1 billion capital return program through 2027 with $550 million of capital return to shareholders at or before closing of the transaction. Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are serving as Dana's financial advisors. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as Dana's legal counsel. Ernst and Young LLP is serving as transaction advisor. Dana to Host Conference Call at 8:00 a.m. Thursday, June 12Dana will host a conference call at 8:00 a.m. EDT on Thursday, June 12. The conference call can be accessed by telephone from both domestic and international locations using the information provided below: Conference ID: 9943139Participant Toll-Free Dial-In Number: 1 (888) 440-5873Participant Toll Dial-In Number: 1 (646) 960-0319 Audio streaming and slides will be available online via a link provided on the Dana investor website: Phone registration will be available beginning at 7:30 a.m. EDT. A webcast replay can be accessed via Dana's investor website following the call. Non-GAAP Financial InformationAdjusted EBITDA is a non-GAAP financial measure which we have defined as net income (loss) before interest, income taxes, depreciation, amortization, equity grant expense, restructuring expense, non-service cost components of pension and other postretirement benefit costs and other adjustments not related to our core operations (gain/loss on debt extinguishment, pension settlements, divestitures, impairment, etc.). Adjusted EBITDA is a measure of our ability to maintain and continue to invest in our operations and provide shareholder returns. We use adjusted EBITDA in assessing the effectiveness of our business strategies, evaluating and pricing potential acquisitions and as a factor in making incentive compensation decisions. In addition to its use by management, we also believe adjusted EBITDA is a measure widely used by securities analysts, investors and others to evaluate financial performance of our company relative to other Tier 1 automotive suppliers. Adjusted EBITDA should not be considered a substitute for earnings (loss) before income taxes, net income (loss) or other results reported in accordance with GAAP. Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. Expected Off-Highway adjusted EBITDA is EBITDA for the Off-Highway segment adjusted for excluded operations and certain corporate costs. We have not provided a reconciliation of our Off-Highway adjusted EBITDA to the most comparable GAAP measure of net income (loss). Providing expected net income (loss) is potentially misleading and not practical given the difficulty of projecting event driven transactional and other non-core operating items that are included in net income (loss), including restructuring actions, asset impairments and certain income tax adjustments. See our most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that include reconciliations with the most comparable GAAP measures that are indicative of the reconciliations that would be prepared upon completion of the period covered by the expected non-GAAP measure. Forward-Looking StatementsCertain statements and projections contained in this communication are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Dana's current expectations, estimates, and projections about Dana's industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," and similar expressions, and variations or negatives of these words. Forward-looking statements include, among other things, statements about the potential benefits of the proposed transaction; the expected net cash proceeds from the proposed transaction and plans to repay debt and return capital to shareholders; the prospective performance and outlook of Dana's business, performance and opportunities following the completion of the transaction, including the ability of the parties to complete the proposed transaction and the expected timing of completion of the proposed transaction; as well as any assumptions underlying any of the foregoing. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause Dana's actual results to differ materially and adversely from those expressed in any forward-looking statement. Such risks and uncertainties include, without limitation, risks related to the ability of the parties to complete the proposed transaction on the proposed terms and schedule, including obtaining required regulatory approvals; risks associated with the proposed transaction, such as that the expected benefits of the proposed transaction will not occur; risks related to future opportunities and plans for Dana, including uncertainty regarding the expected financial performance and results of Dana following completion of the proposed transaction; disruption from the proposed transaction, making it more difficult to conduct business as usual or maintain relationships with customers, employees, or suppliers; and the possibility that if Dana does not achieve the perceived benefits of the proposed transaction as rapidly or to the extent anticipated by financial analysts or investors, the market price of Dana's shares could decline, as well as other risks related to Dana's business. Dana's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss additional important risk factors that could affect Dana's business, results of operations and financial condition. The forward-looking statements in this communication speak only as of this date. Dana does not undertake any obligation to revise or update publicly any forward-looking statement for any reason. About Dana IncorporatedDana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions. Based in Maumee, Ohio, USA, the company reported sales of $10.3 billion in 2024 with 39,000 people in 30 countries across six continents. With a history dating to 1904, Dana was named among the "World's Most Ethical Companies" for 2025 by Ethisphere and as one of "America's Most Responsible Companies 2025" by Newsweek. The company is driven by a high-performance culture that focuses on valuing others, inspiring innovation, growing responsibly, and winning together, earning it global recognition as a top employer. Learn more at View original content to download multimedia: SOURCE Dana Incorporated Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Consumer Reports urges Congress to drop electric vehicle tax proposal
Consumer Reports urges Congress to drop electric vehicle tax proposal

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Consumer Reports urges Congress to drop electric vehicle tax proposal

By David Shepardson WASHINGTON (Reuters) -An influential consumer organization on Wednesday urged Republican lawmakers to drop a plan to impose a proposed $250 annual fee on electric cars to pay for road repairs. Consumer Reports, which also tests and rates new vehicles, noted that Republican Senator Bernie Moreno has called for boosting the proposed yearly fee to $500 for EVs and $250 for plug-in hybrids versus the tax and budget bill over the fee in the bill approved by the U.S. House in May. WHY IT'S IMPORTANT The fees would mean consumers would pay anywhere from three to seven times as much as owners of similar conventional gasoline vehicles in federal gas taxes, Consumer Reports said. The new fees could hit Tesla, GM other EV owners. KEY QUOTES Chris Harto, senior policy analyst at Consumer Reports said the EV fees were "punitive taxes designed to confiscate fuel savings from consumers who just want to save money for their families." CONTEXT Lawmakers in April dropped a $20 federal yearly registration fee on all vehicles starting in 2031 to fund road repairs. The U.S. House bill would end a $7,500 tax credit for new EVs for most automakers by Dec. 31, end a $4,000 used car EV tax credit, repeal vehicle emissions rules and kill an Energy Department loan program that supports the manufacture of green advanced technology vehicles. It would also phase out EV battery production tax credits in 2028. Ford said the bill's provision to eliminate EV battery production using Chinese technology threatens the automaker's projected $3 billion investment in a Marshall, Michigan, plant that is 60% complete and slated to employ 1,700 workers. On Thursday, President Donald Trump will sign three resolutions approved by lawmakers barring California's electric vehicle sales mandates and diesel engine rules, auto industry and House aides told Reuters.

Applegreen adds EV chargers in New Jersey
Applegreen adds EV chargers in New Jersey

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Applegreen adds EV chargers in New Jersey

This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Applegreen has added ultrafast electric vehicle charging at eight locations along the New Jersey Turnpike and Garden State Parkway, the company announced in a LinkedIn post last week. The sites are compatible with NACS and CCS connectors and offer charging speeds of up to 400 kilowatts. While the convenience store industry has moderated its push for EV charging infrastructure, some retailers, like Applegreen, remain full speed ahead. Applegreen said it plans to have EV charging at all of its service areas along both the New Jersey turnpike and Garden State Parkway by the end of 2026, according to the post. This expansion continues Applegreen's EV growth in the U.S. The company announced last year that it was doubling its charging footprint in New York State as well. The new charging stations are part of Applegreen's broader $1 billion investment to improve its travel plazas across the U.S., U.K. and Ireland over the next five years. The charging speed of up to 400 kilowatts could give Applegreen a leg up on some other providers. Sites with chargers that offer at least 300 kilowatts were the most popular, seeing an average of 325 charging sessions per month, according to a report from the Transportation Energy Institute's Charging Analytics Program. Recommended Reading Applegreen to nearly double EV charging footprint in New York this year Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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