Duke Energy Corporation (holding Company) · NYSE:DUK
Duke Energy Corporation (holding Company) — Debt Investor Presentation (August 2002)
10 slides from Duke Energy Corporation (holding Company)'s debt investor presentation, Aug 21, 2002
Slide 1: Monthly Chat
we generate what’s next sm Monthly Chat August 21, 2002 Robert Brace Executive Vice President and Chief Financial Officer David Hauser Senior Vice President and Treasurer
Slide 2: Today's Topics
Today’s Topics z z Review financing nodes of Duke Energy z Provide ratings of financing nodes z z Discuss implications of S&P’s ratings action z z Discuss credit facility syndications and z provide liquidity update
Slide 3: Diverse Energy Asset Base Underpinned by Strong Cash Flow
Diverse Energy Asset Base Underpinned by Strong Cash Flow Field Services Pipelines z z Consistent cash flows from: Franchised electric business Gas transmission businesses Gas Generation Gas distribution business z z Proprietary trading represents a small portion of Power Distribution Duke
Slide 4: Financing Nodes
Financing Nodes Corporate credit ratings for corporate debt and/or CP Duke Energy Corporate credit rating for trading and marketing activities Duke Capital Duke Energy Gas Field Ventures Services Transmission Services Duke Energy Texas Eastern Duke Energy Trading & Marketing Transmission Field
Slide 5: Current Credit Ratings
Current Credit Ratings S&P Previous Current Moody's Fitch Duke Energy Watch Negative Stable Negative Outlook Negative Outlook Senior Unsecured / Commercial Paper A+ / A-1 A / A-1 A1 / P-1 A+ / F1 Duke Capital Watch Negative Stable Negative Outlook Negative Outlook Senior Unsecured / Commercial Paper
Slide 6: Implications of S&P's Ratings Action
Implications of S&P’s Ratings Action z z Small increase in marginal cost of CP funding z Minimal increase in cost of credit facilities z z Minimal increase in collateral requirements for z trading and marketing
Slide 7: Liquidity: Broad and Deep
Liquidity: Broad and Deep Duke Duke ($ in millions) Energy Capital CP Program $1,250 $1,550 Avg Balance for Trailing 12 Months 971 674 Current Balance (Aug 20) 996 446 Temp CP Program (1) n/a $1,000 LOC Facility n/a $1,038 Avg Balance for Trailing 12 Months n/a 42 Current Balance (Aug 20) n/a 256 EC
Slide 8: Credit Facility Syndications
Credit Facility Syndications z z Successfully re-syndicated Duke Energy and Duke Capital 364-day credit facilities Duke Energy: $475 million Duke Capital: $700 million Additional covenants within facilities Duke Energy – 65% Debt to Capitalization Duke Capital – Adjusted EBITDA / Inte
Slide 9: Financial Strength
Financial Strength z z Strong underpinning of regulated businesses z Transparent financial structure z z Credit ratings remain strong z z Financial impact of ratings change is minimal z z Successful In retaining deep liquidity z z Executive management commitment to retaining z financial strength and
Slide 10: we generate what’s next sm
we generate what’s next sm
Duke Energy — Debt Investor Presentation (August 2002) on 6ix