Duke Energy Corporation (Holding Company) · NYSE:DUK
Duke Energy Corporation (Holding Company) — EEI International Utility Conference 2009
11 slides from Duke Energy Corporation (Holding Company)'s conference presentation, March 2009
Slide 1: EEI International Utility Conference
EEI International Utility Conference March 15-17, 2009
Slide 2: Safe Harbor Statement and Reg G Disclosure
SAFE HARBOR STATEMENT Some of the statements in this document concerning future company performance will be forward-looking within the meanings of the U.S. securities laws. Actual results may materially differ from those discussed in these forward- looking statements, and you should refer to the add
Slide 3: 2009 Adjusted EBIT Expectations
2009 ADJUSTED EBIT EXPECTATIONS ($ millions) U.S. Franchised Electric & Gas $2,400 Commercial Power 470 Duke Energy International 370 Total Adjusted Segment EBIT $3,240 Other (Net Expense) (250) Total Adjusted Segment EBIT and Other $2,990 2009 EARNINGS PER SHARE EMPLOYEE INCENTIVE: • Target of $1.2
Slide 4: 2009 Financial Assumptions
2009 FINANCIAL ASSUMPTIONS • U.S. FE&G Key Assumptions • Load growth assumption – relatively flat from 2008 on a weather adjusted basis in both the Carolinas and the Midwest • Commercial Power Key Assumptions • ESP approval by PUCO • Duke Energy International Key Assumptions • Reduction in NMC earni
Slide 5: 2009-2013 Capital Expenditures
2009-2013 CAPITAL EXPENDITURES ($ millions) Committed Capital 2009 2010-2013 Cumulative USFE&G Nuclear fuel $ 150 $ 1,250 $ 1,400 USFE&G Environmental 200 100 300 CP Environmental 50 125 175 Edwardsport IGCC 725 1,075 1,800 CC / CT Additions - Carolinas 200 1,000 1,200 Cliffside 550 650 1,200 Lee Nu
Slide 6: 2009 Cash Flows
2009 CASH FLOWS ($ in Millions) 2009 Estimate Primary Sources: Net Income $ 1,550 Depreciation & Amortization 1,825 Total Sources $ 3,375 Primary Uses: Capital and Investment Expenditures (4,750) Dividends (1,200) Other Sources/(Uses), net 825 Total Uses $ (5,125) Uses in Excess of Sources $ (1,750)
Slide 7: Reinvestment
REINVESTMENT 2009 – 2013 Earnings Base ~45% Increase in ($ in billions) U.S. Franchised Electric & Gas Earnings Base Approximate current earnings base $ 20 Less: Depreciation & amortization (9) $19 $18 OH/KY $2 Capital Expenditures 18 IN $4 $5 $(9) $27 $29 Estimated 2013 earnings base $ 29 $11 $13 C
Slide 8: Summary of Base Rate Actions
SUMMARY OF BASE RATE ACTIONS 2009 2010 2011 2012 2013 North Carolina Rate Case Rate Case Rate Case South Carolina Rate Case Rate Case Rate Case Indiana Rate Case Kentucky Gas Rate Electric Rate Case Case ESP ESP Extension Ohio Electric Distribution Electric Rate Case Distribution Rate Case • The fre
Slide 9: Regulatory Update
REGULATORY UPDATE State Activity Docket Number Status IN Save-a-Watt • 43374 • Hearings held February – March 2009 IN Smart Grid • 43501 • Hearing scheduled April 27-29, 2009 • 1st CWIP rider approved in January 2009 IN IGCC CWIP rider • 43114 • 2nd CWIP rider resolution anticipated 2nd quarter 2009
Slide 10: Value Proposition
VALUE PROPOSITION Annual Total Return Profile • Proactive regulatory strategy 15% • Forecast 5% to 7% CAGR in adjusted diluted EPS through 10% 2013 • Each year in plan assumes 5% $0.01 quarterly dividend increase • Strong balance sheet provides 0% EPS Growth Dividend Yield * TSR flexibility * Based
Slide 11: EEI International Utility Conference
EEI International Utility Conference
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