Duke Energy Corporation (Holding Company) · NYSE:DUK

Duke Energy Corporation (Holding Company) — Barclays Capital CEO Energy-Power Conference 2013

15 slides from Duke Energy Corporation (Holding Company)'s conference presentation, Sep 12, 2013

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

    Barclays Capital CEO Energy-Power Conference Lynn Good September 12, 2013 President and CEO

  2. Slide 2: Safe Harbor statement

    Safe Harbor statement 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 should

  3. Slide 3: Duke Energy: size, scale, diversity and flexibility

    Duke Energy: size, scale, diversity and flexibility Highly-regulated business with earnings diversity (2) Largest U.S. utility; significant geographic diversity (1) Pre-Merger Post-Merger 3% 9% 12% Midwest 24% 67% 85% Carolinas USFE&G International Commercial Power Electric USFE&G fuel diversity (MW

  4. Slide 4: Strategic focus to achieve financial objectives

    Strategic focus to achieve financial objectives – Execute regulated utility strategy – Gain regulatory certainty in near and longer term – Focus on initiatives to drive operational and resource efficiencies – Optimize the financial and operational performance of the Commercial Businesses – Reach str

  5. Slide 5: Achieving regulatory clarity in the Carolinas

    Achieving regulatory clarity in the Carolinas Carolinas Key Highlights DEP-NC DEC-NC DEC-SC  10.2% ROE and 53% equity Percent of USFE&G Retail 55% component in all cases Rate Base (1)  Stay-out provisions at DEC-NC and DEC-SC until 2015 or beyond Regulatory proceeding General Rate Cases Settlement

  6. Slide 6: Achieving regulatory clarity in Florida

    Achieving regulatory clarity in Florida Florida Key Highlights On Aug. 1, 2013, DEF filed a Revised Settlement Agreement with the Florida Public Service Commission (FPSC) Percent of USFE&G Retail  Allows recovery of investments in Crystal River 3, the Levy nuclear project, and 22% Crystal River 1 &

  7. Slide 7: Achieving regulatory clarity in the Midwest

    Achieving regulatory clarity in the Midwest Ohio / Kentucky Indiana Electric Gas Key Highlights Distribution Distribution 7% Indiana Percent of 16%  Obtained cost recovery for Edwardsport IGCC USFE&G Retail plant (placed into commercial operation in June) Rate Base  IGCC tracker in place for ongoi

  8. Slide 8: On track to achieve merger savings commitments

    On track to achieve merger savings commitments Non-fuel O&M savings Fuel and Joint Dispatch savings Focus area Key initiatives Status Highlights  Releasing ~1,100 employees through Voluntary  Approximately 65 percent of fuel Functional Severance Program consolidation savings already locked-in thro

  9. Slide 9: Obtain strategic clarity for non-regulated Midwest generation

    Obtain strategic clarity for non-regulated Midwest generation  6,900 MW of merchant generation in PJM  Volatile capacity prices and energy margins cannot ensure long-term financial predictability and stability  In 2012, Duke Energy Ohio filed a request with the Public Utilities Commission of Ohio

  10. Slide 10: Optimizing the International portfolio

    Optimizing the International portfolio Overview Duke Energy International  4,600 MW of generation in Latin America ~65% of generation is hydro  25% investment in National Methanol Guatemala v 300 MW (bunker & diesel) Benefits El Salvador  Highly contracted business v 300 MW (bunker & diesel)  Hi

  11. Slide 11: Key Second-Half 2013 EPS drivers

    Key Second-Half 2013 EPS drivers (1) Key second half year-over-year drivers Q3 2013 Q4 2013 ▲ Regulatory outcomes, net of ▲ Regulatory outcomes, net of $4.20 - recoverables recoverables $4.45 ▲ DEP-NC rate case ▲ DEP-NC rate case ▲ Duke Ohio electric/gas rate cases ▲ Duke Ohio electric/gas rate case

  12. Slide 12: Long-term adjusted EPS growth of 4 - 6% through 2015

    Long-term adjusted EPS growth of 4 - 6% through 2015 Adjusted diluted EPS summary (1) Long-term segment earnings drivers USFE&G ― Continued investment in regulated fleet: 6% growth expect earnings base growth of 4% ― Full benefit of 2013 rate cases in 2014 $4.20-4.45 4% growth ― Load growth of 1% ―

  13. Slide 13: Developing future growth opportunities beyond 2015

    Developing future growth opportunities beyond 2015  T&D infrastructure investments in Indiana (SB 560) Midwest  Retail sales growth  New generation needs  Wholesale opportunities  T&D investments Carolinas  Investment opportunity in VC Summer nuclear plant  Retail sales growth Non-regulated B

  14. Slide 14: Duke Energy's financial objectives for 2013 and beyond

    Duke Energy’s financial objectives for 2013 and beyond Current Long-term Balance year Dividend earnings sheet earnings growth growth strength guidance Achieve 2013 EPS Deliver average Continue growing Maintain strong, within guidance EPS growth of the dividend within investment-grade range of $4.20

  15. Slide 15: For additional information on Duke Energy, please visit

    For additional information on Duke Energy, please visit: www.duke-energy.com/investors

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