Duke Energy Corporation (Holding Company) · NYSE:DUK

Duke Energy Corporation (Holding Company) — Barclays Capital CEO Energy-Power Conference 2012

13 slides from Duke Energy Corporation (Holding Company)'s conference presentation, Sep 5, 2012

  1. Slide 1: Barclays Capital CEO Energy-Power Conference

    BARCLAYS CAPITAL CEO ENERGY-POWER CONFERENCE September 5, 2012 Lynn Good Executive Vice President and Chief Financial Officer

  2. Slide 2: Safe Harbor Statement

    SAFE HARBOR SAFE HARBOR STATEMENT This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on management's beliefs and assumptions. These forward-look

  3. Slide 3: Agenda

    AGENDA Duke Energy and Progress Energy Merger Completed Near-Term Priorities  North Carolina investigation resolution and constructive rate case outcomes  Merger integration and synergies  Crystal River 3 repair or retire decision  Edwardsport completion and approval of settlement  Nuclear fl

  4. Slide 4: Duke Energy Merger with Progress Energy – Creating Scale

    DUKE ENERGY MERGER WITH PROGRESS ENERGY – CREATING SCALE Diverse Regulated Service Territories Merger Benefits  Creates largest U.S. utility – 7 million customers, supported by substantial, diversified regulated earnings and cash flows  Provides diversified generation and fuel sourcing in six regu

  5. Slide 5: Near-Term Priorities

    NEAR-TERM PRIORITIES Crystal River 3 repair or retire decision Edwardsport Merger completion and integration and approval of synergies settlement North Carolina investigation Achieve Nuclear fleet resolution and Financial performance constructive rate optimization case outcomes Objectives Barclays C

  6. Slide 6: Carolinas Rate Case Filings in 2012

    CAROLINAS RATE CASE FILINGS IN 2012 Anticipated Jurisdiction Primary Rate Case Drivers Timing North File in 4th Quarter Carolina of 2012  Cliffside Duke Energy Carolinas  Dan River South File in 4th Quarter  Oconee nuclear upgrades Carolina of 2012  Smith Energy Complex North File in 4th Quarter

  7. Slide 7: Merger Integration Update

    MERGER INTEGRATION UPDATE Non-Fuel O&M Run-Rate Non-Fuel O&M Synergies Key Initiatives Focus Area  Release ~1,100 employees through Voluntary Functional Severance Program Consolidation  Complete staffing process by December 2012 Supply  Rationalize real estate portfolio Chain Operational  Consol

  8. Slide 8: Merger Commitments – Joint Dispatch and Fuel Savings

    MERGER COMMITMENTS – JOINT DISPATCH AND FUEL SAVINGS  Guaranteed ~$650MM in joint dispatch and fuel savings in the Carolinas over 5 years  ~50/50 split between joint dispatch and fuel savings  Joint Dispatch  DEC and PEC operating as one generation fleet since July 2  Fuel Savings  ~60% of sav

  9. Slide 9: Crystal River 3 Update

    CRYSTAL RIVER 3 UPDATE  Final decision to repair or retire the nuclear plant has not been made  Technical Analysis  Finalize evaluation of technical repair option and risk assessments  Finalize cost estimate for repair option  Evaluate likelihood of operating license extension  NEIL Crystal Ri

  10. Slide 10: Edwardsport IGCC Project Update

    EDWARDSPORT IGCC PROJECT UPDATE Summary of Settlement Agreement  On April 30, 2012, Duke Energy Indiana entered into a settlement agreement with the Indiana Office of Utility Consumer Counselor (OUCC), the Duke Energy Indiana Industrial Group and Nucor Steel-Indiana  Settlement includes a cap on e

  11. Slide 11: Nuclear Fleet Performance

    NUCLEAR FLEET PERFORMANCE Combined Nuclear Generation Fleet Nuclear Fleet Operational Performance (operating license expiration in parenthesis) Oconee McGuire Catawba Harris  Large-scale nuclear fleet gives us the ability to: (2033, 2033, 2034) (2041, 2043) (2043) (2046)  Continue to share and inc

  12. Slide 12: Long-Term Financial Objectives

    LONG-TERM FINANCIAL OBJECTIVES Long-term Balance Dividend earnings sheet growth growth strength Target long-term Continue growing the Maintain strong, adjusted diluted EPS dividend within a investment-grade growth of 65% - 70% target credit ratings 4% to 6% payout ratio1 (1) Based upon adjusted d

  13. Slide 13: For additional information on Duke Energy

    For additional information on Duke Energy, please visit: www.duke-energy.com/investors Barclays Capital CEO Energy-Power Conference September 5, 2012 13

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