Duke Energy would be allowed to avoid a fast-approaching climate change goal and charge North Carolina customers now for future power plants under the terms of a bill on the way to Gov. Josh Stein.

FPL is seeking approval from the regulatory commission for increases of $1.545 billion in 2026 and $927 million in 2027.

The bill might raise the endowment tax for Duke from 1.4% to 7%, and it could raise the tax by nearly 20 percentage points for other institutions. College administrators — including Duke’s ...