Duke Energy Corporation (holding Company) · NYSE:DUK
Duke Energy Corporation (holding Company) — Investor Presentation (December 2009)
14 slides from Duke Energy Corporation (holding Company)'s investor presentation, December 2009
Slide 1: Commercial Power Supplemental Information
Redefining Our Boundaries Commercial Power Supplemental Information December 2009
Slide 2: Safe Harbor Statement; Reg G Disclosure
Redefining Our Boundaries SAFE HARBOR STATEMENT Some of the statements in this document concerning future company performance will be forward-looking within the meanings of the securities laws. Actual results may materially differ from those discussed in these forward- looking statements, and you sh
Slide 3: Objectives
Redefining Our Boundaries Objectives The objectives of this presentation are to provide supplemental information on our Commercial Power and Duke Energy Ohio businesses. Overview of Supplemental Information: • Provide an overview of the regulatory environment in Ohio • Clarify the Commercial Power a
Slide 4: Ohio Regulatory Environment
Redefining Our Boundaries Ohio Regulatory Environment • 1999 Deregulation • The goal of deregulation was a fully competitive electric Principles of market Deregulation in Ohio: • Functionally separated generation from transmission and distribution • Ensure stable rates to customers; • Generation bec
Slide 5: DE Ohio Electric Security Plan (ESP)
Redefining Our Boundaries DE Ohio Electric Security Plan (ESP) • Public Utility Commission of Ohio (PUCO) Order Riders issued December 17, 2008 approving DE Ohio ESP • 3-year Plan: Jan. 1, 2009 to Dec. 31, 2011 • Avoidable – customers that switch do not • Maintains riders/trackers for fuel and purch
Slide 6: Overview of Corporate Structure – Where does DE Ohio fit?
Redefining Our Boundaries Overview of Corporate Structure – Where does DE Ohio fit? Duke Energy US Franchised Electric and Gas Commercial Power International 2008 Adjusted EBIT $2,398M 2008 Adjusted EBIT $421M 2008 Adjusted EBIT $411M 2009E Adjusted EBIT $2,400M 2009E Adjusted EBIT $470M 2009E Adjus
Slide 7: How is DE Ohio revenue reported on the Income Statement?
Redefining Our Bound aries How is DE Ohio revenue reported on the Income Statement? DE Ohio R evenue R evenue US Franchised class ification on class ification on Commercial Power Electric & Gas SE C financial SE C financial s tatements s tatements Ohio Transmission and R egulated E lec tric Native l
Slide 8: Non-Regulated Midwest Generation
Redefining Our Boundaries Non-Regulated Midwest Generation Midwest Primarily Coal Midwest Gas Fired Beckjord (MISO) 1,074 MW Hanging Rock (PJM) 1,240 MW Type: 6 Coal Units, 4 CT Units Type: 2 Combined Cycle Units Fuel: Coal, Oil Fuel: Natural Gas Ownership: Unit 6 37.5%; 100% Ownership: 100% Locatio
Slide 9: Midwest Coal Generation
Redefining Our Boundaries Midwest Coal Generation Current Margin Serves native-load customers Highest under the ESP Remaining generation sold Lowest into MISO wholesale markets (Approx 4,000 MW of primarily coal) Lower than Duke Energy Retail Sales purchases generation through ESP but MISO market to
Slide 10: Midwest Gas Generation
Redefining Our Boundaries Midwest Gas Generation Majority of capacity is dedicated to the PJM Capacity Auctions • Volume and price determined in auctions • Auctions occur annually • Energy price additional to capacity price Energy sold into wholesale market or tolled (2,480 MW combined cycle) (1,120
Slide 11: Commercial Power Supplemental Information
Redefining Our Boundaries Commercial Power Supplemental Information December 2009
Slide 12: Non-GAAP Reconciliations: Commercial Power Supplemental Information
Duke Energy Corporation Non-GAAP Reconciliations Commercial Power Supplemental Information December 2009 Adjusted Segment EBIT for 2008 The materials for Duke Energy’s Commercial Power Supplemental Information presentation dated December 2009 references 2008 adjusted segment EBIT. Adjusted segment E
Slide 13: the mark-to-market impacts of economic hedges in the Commercial Power segment. Due to the
the mark-to-market impacts of economic hedges in the Commercial Power segment. Due to the forward-looking nature of these non-GAAP financial measures for 2009, information to reconcile them to the most directly comparable GAAP financial measures is not available at this time, as management is unable
Slide 14: Adjusted to Reported Earnings Reconciliation
DUKE ENERGY CORPORATION ADJUSTED TO REPORTED EARNINGS RECONCILIATION December 2008 Year-to-Date (Dollars in millions, except per-share amounts) Special Items (Note 1) Costs to Discontinued Achieve, Crescent Emission Economic Operations/ Adjusted Cinergy Project Allowances Hedges (Mark- Extraordinary