DUKE ENERGY OHIO INC.'S CBP SSO AUCTIONS
Auction Results
Summary of Results for February 20, 2024 CBP Auction
Number of Registered Bidders 10
Number of Winning Bidders 7
Number of Rounds in the Auction 28
Delivery Period
June 1, 2024 to May 31, 2025
Tranche Target 35
Number of Tranches Procured 35
Range of Starting Price ($/MWh) $80.00 - $120.00
Tranche-weighted average price of winning bids ($/MWh) $63.39

Summary of Results for September 19, 2023 CBP Auction
Number of Registered Bidders 9
Number of Winning Bidders 6
Number of Rounds in the Auction 21
Delivery Period
June 1, 2024 to May 31, 2025
Tranche Target 35
Number of Tranches Procured 35
Range of Starting Price ($/MWh) $80.00 - $120.00
Tranche-weighted average price of winning bids ($/MWh) $75.08

Summary of Results for July 25, 2023 CBP Auction
Number of Registered Bidders 8
Number of Winning Bidders 5
Number of Rounds in the Auction 19
Delivery Period
June 1, 2024 to May 31, 2025
Tranche Target 30
Number of Tranches Procured 30
Range of Starting Price ($/MWh) $80.00 - $120.00
Tranche-weighted average price of winning bids ($/MWh) $81.88

Summary of Results for February 21, 2023 CBP Auction
Number of Registered Bidders 8
Number of Winning Bidders 8
Number of Rounds in the Auction 14
Delivery Period
June 1, 2023 to May 31, 2024
Tranche Target 80
Number of Tranches Procured 80
Range of Starting Price ($/MWh) $90.00 - $130.00
Tranche-weighted average price of winning bids ($/MWh) $82.79

Summary of Results for September 20, 2022 CBP Auction
Number of Registered Bidders 6
Number of Winning Bidders 4
Number of Rounds in the Auction 6
Delivery Period
June 1, 2023 to May 31, 2024
Tranche Target 40
Number of Tranches Procured 20
Range of Starting Price ($/MWh) $100.00 - $120.00
Tranche-weighted average price of winning bids ($/MWh) $115.75

Summary of Results for February 22, 2022 CBP Auction
Number of Registered Bidders 12
Number of Winning Bidders 6
Number of Rounds in the Auction 10
Delivery Period
June 1, 2022 to May 31, 2023
Tranche Target 50
Number of Tranches Procured 50
Range of Starting Price ($/MWh) $70.00 - $90.00
Tranche-weighted average price of winning bids ($/MWh) $64.78

Summary of Results for September 21, 2021 CBP Auction
Number of Registered Bidders 12
Number of Winning Bidders 4
Number of Rounds in the Auction 17
Delivery Period
June 1, 2022 to May 31, 2023
Tranche Target 50
Number of Tranches Procured 50
Range of Starting Price ($/MWh) $60.00 - $80.00
Tranche-weighted average price of winning bids ($/MWh) $47.99

Summary of Results for February 23, 2021 CBP Auction
Number of Registered Bidders 14
Number of Winning Bidders 4
Number of Rounds in the Auction 19
Delivery Period
June 1, 2021 to May 31, 2022
Tranche Target 17
Number of Tranches Procured 17
Range of Starting Price ($/MWh) $60.00 - $80.00
Tranche-weighted average price of winning bids ($/MWh) $46.00

Summary of Results for September 22, 2020 CBP Auction
Number of Registered Bidders 13
Number of Winning Bidders 6
Number of Rounds in the Auction 19
Delivery Period
June 1, 2021 to May 31, 2022
Tranche Target 17
Number of Tranches Procured 17
Range of Starting Price ($/MWh) $60.00 - $80.00
Tranche-weighted average price of winning bids ($/MWh) $45.85

Summary of Results for February 25, 2020 CBP Auction
Number of Registered Bidders 12
Number of Winning Bidders 4
Number of Rounds in the Auction 14
Delivery Period
June 1, 2020 to May 31, 2022
Tranche Target 17
Number of Tranches Procured 17
Range of Starting Price ($/MWh) $60.00 - $80.00
Tranche-weighted average price of winning bids ($/MWh) $41.14

Summary of Results for September 10, 2019 CBP Auction
Number of Registered Bidders 11
Number of Winning Bidders 3
Number of Rounds in the Auction 18
Delivery Period
June 1, 2020 to May 31, 2022
Tranche Target 17
Number of Tranches Procured 17
Range of Starting Price ($/MWh) $70.00 - $90.00
Tranche-weighted average price of winning bids ($/MWh) $44.21

Summary of Results for February 26, 2019 CBP Auction
Number of Registered Bidders 7
Number of Winning Bidders 2
Number of Rounds in the Auction 18
Delivery Period
June 1, 2019 to May 31, 2022
Tranche Target 16
Number of Tranches Procured 16
Range of Starting Price ($/MWh) $70.00 - $90.00
Tranche-weighted average price of winning bids ($/MWh) $48.12

Summary of Results for September 25, 2018 CBP Auction
Number of Registered Bidders 8
Number of Winning Bidders 3
Number of Rounds in the Auction 18
Delivery Period
June 1, 2019 to May 31, 2022
Tranche Target 16
Number of Tranches Procured 16
Range of Starting Price ($/MWh) $70.00 - $90.00
Tranche-weighted average price of winning bids ($/MWh) $47.66

Summary of Results for February 27, 2018 CBP Auction
Number of Registered Bidders 9
Number of Winning Bidders 5
Number of Rounds in the Auction 19
Delivery Period
June 1, 2018 to May 31, 2019 June 1, 2018 to May 31, 2020 June 1, 2018 to May 31, 2021
Tranche Target 16 17 17
Number of Tranches Procured 16 17 17
Range of Starting Price ($/MWh) $70.00 - $90.00 $70.00 - $90.00 $70.00 - $90.00
Tranche-weighted average price of winning bids ($/MWh) $52.87 $49.48 $49.71

Summary of Results for February 20, 2018 CBP Auction
Number of Registered Bidders 9
Number of Winning Bidders 5
Number of Rounds in the Auction 21
Delivery Period
June 1, 2018 to May 31, 2019 June 1, 2018 to May 31, 2020 June 1, 2018 to May 31, 2021
Tranche Target 16 17 17
Number of Tranches Procured 16 17 17
Range of Starting Price ($/MWh) $70.00 - $90.00 $70.00 - $90.00 $70.00 - $90.00
Tranche-weighted average price of winning bids ($/MWh) $52.06 $49.27 $48.75

Summary of Results for March 2017 CBP Auction
Number of Registered Bidders 12
Number of Winning Bidders 6
Number of Rounds in the Auction 17
Delivery Period
June 1, 2017 to May 31, 2018
Tranche Target 17
Number of Tranches Procured 17
Range of Starting Price ($/MWh) $80.00 - $100.00
Tranche-weighted average price of winning bids ($/MWh) $50.71

Summary of Results for November 2016 CBP Auction
Number of Registered Bidders 12
Number of Winning Bidders 4
Number of Rounds in the Auction 14
Delivery Period
June 1, 2017 to May 31, 2018
Tranche Target 17
Number of Tranches Procured 17
Range of Starting Price ($/MWh) $80.00 - $100.00
Tranche-weighted average price of winning bids ($/MWh) $50.20

Summary of Results for March 2016 CBP Auction
Number of Registered Bidders 13
Number of Winning Bidders 5
Number of Rounds in the Auction 20
Delivery Period
June 1, 2016 to May 31, 2018
Tranche Target 17
Number of Tranches Procured 17
Range of Starting Price ($/MWh) $80.00 - $110.00
Tranche-weighted average price of winning bids ($/MWh) $48.34

Summary of Results for November 2015 CBP Auction
Number of Registered Bidders 12
Number of Winning Bidders 3
Number of Rounds in the Auction 15
Delivery Period
June 1, 2016 to May 31, 2018
Tranche Target 17
Number of Tranches Procured 17
Range of Starting Price ($/MWh) $90.00 - $120.00
Tranche-weighted average price of winning bids ($/MWh) $49.86

Summary of Results for May 2015 CBP Auction
Number of Registered Bidders 12
Number of Winning Bidders 8
Number of Rounds in the Auction 20
Delivery Period
June 1, 2015 to May 31, 2016 June 1, 2015 to May 31, 2017 June 1, 2015 to May 31, 2018
Tranche Target 34 34 32
Number of Tranches Procured 34 34 32
Range of Starting Price ($/MWh) $90.00 - $120.00 $90.00 - $120.00 $90.00 - $120.00
Clearing Price ($/MWh) $58.79 $57.60 $59.17

Summary of Results for November 2013 CBP Auction
Number of Registered Bidders 11
Number of Winning Bidders 5
Number of Rounds in the Auction 16
Delivery Period
June 1, 2014 to May 31, 2015
Tranche Target 16
Number of Tranches Procured 16
Range of Starting Price ($/MWh) $65.00 - $85.00
Tranche-weighted average price of winning bids ($/MWh) $50.11

Summary of Results for May 2013 CBP Auction
Number of Registered Bidders 10
Number of Winning Bidders 4
Number of Rounds in the Auction 16
Delivery Period
June 1, 2014 to May 31, 2015
Tranche Target 17
Number of Tranches Procured 17
Range of Starting Price ($/MWh) $65.00 - $85.00
Tranche-weighted average price of winning bids ($/MWh) $54.16

Summary of Results for November 2012 CBP Auction
Number of Registered Bidders 12
Number of Winning Bidders 4
Number of Rounds in the Auction 16
Delivery Period
June 1, 2013 to May 31, 2015
Tranche Target 16
Number of Tranches Procured 16
Range of Starting Price ($/MWh) $65.00 - $85.00
Tranche-weighted average price of winning bids ($/MWh) $50.56

Summary of Results for May 2012 CBP Auction
Number of Registered Bidders 11
Number of Winning Bidders 3
Number of Rounds in the Auction 12
Delivery Period
June 1, 2013 to May 31, 2015
Tranche Target 17
Number of Tranches Procured 17
Range of Starting Price ($/MWh) $65.00 - $85.00
Tranche-weighted average price of winning bids ($/MWh) $52.14

Summary of Results for December 2011 CBP Auction
Number of Registered Bidders 13
Number of Winning Bidders 7
Number of Rounds in the Auction 14
Delivery Period
January 1, 2012 to May 31, 2013 January 1, 2012 to May 31, 2014 January 1, 2012 to May 31, 2015
Tranche Target 33 33 34
Number of Tranches Procured 33 33 34
Range of Starting Price ($/MWh) $70.00 - $90.00 $70.00 - $90.00 $70.00 - $90.00
Clearing Price ($/MWh) $49.72 $51.10 $57.08
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