10 slides from Duke Energy Corporation (holding Company)'s proxy contest presentation, Apr 21, 2014
Slide 1: Glass Lewis Presentation
1 Glass Lewis Presentation April 21, 2014 Speakers Lynn J. Good, Vice Chairman, President and Chief Executive Officer Philip R. Sharp, Chair, Regulatory Policy and Operations Committee of the Board of Directors Julie S. Janson, Executive Vice President, Chief Legal Officer and Corporate Secretary
Slide 2: Safe Harbor Statement
2 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 performance may materially differ from that which is discussed in these forward-looking statements, and you should refer to
Slide 3: Dan River Incident
3 Dan River Incident What happened at the Dan River was an accident and it is one for which Duke has taken responsibility. On Feb. 2, 2014, a break in a storm water pipe beneath Duke’s retired Dan River Steam Station’s primary ash pond was discovered, leaking coal ash and water from the ash basin in
Slide 4: Duke Response
4 Duke Response Duke permanently plugged the storm water pipe and stopped the release of ash into the river We immediately mobilized resources to address the situation – over a period of several days, hundreds of our people worked around the clock. Total cleanup costs of Dan River: Duke has incurred
Slide 5: Regulatory Policy and Operations Committee
5 Regulatory Policy and Operations Committee Formed in July 2012, following the merger of Duke and Progress Provides oversight of Duke’s regulatory strategy and environmental, health and safety issues, as well as public policies and practices Has been actively involved in the oversight of the Compan
Slide 6: The Committee has extensive nuclear experience directly translatable to risk analysis
6 The Committee has extensive nuclear experience directly translatable to risk analysis, safety priority, environmental issues Bernhardt: Nuclear expertise based on his long-standing membership on Nuclear Oversight Committee (NOC) Familiar with the business environment in the Carolinas service terri
Slide 7: Duke's Board of Directors is Actively Engaged and is Overseeing Company Response
7 This matter has our full attention. The entire Board, including the Committee, is focused on getting this right. We have a responsibility to our shareholders, our customers, our employees and the communities in which we operate. Duke’s Board of Directors is Actively Engaged and is Overseeing Compa
Slide 8: Coal Ash Management Plan
Coal Ash Management Plan 8 We are committed to a fact-based and disciplined approach to addressing the long-term policy of ash basin management and ash basin closures.
Slide 9: Summary: Board recommends vote FOR ALL Duke director nominees
9 Duke’s Board of Directors strongly endorses all of the Company’s director nominees and unanimously recommends that shareholders vote FOR ALL Duke director nominees. The incident was unforeseen. The Company quickly responded and is committed to doing the right thing. The Board has had the appropria
Slide 10: For additional information on Duke's response
10 For additional information on Duke’s response, visit duke-energy.com/Dan-River Duke will continue to do the right thing here. We will implement plans that make sense for all of our stakeholders, and our commitment to safety and safe operations is unwavering.