Duke Energy Corporation (holding Company) · NYSE:DUK
Duke Energy Corporation (holding Company) — Investor Presentation (December 2005)
20 slides from Duke Energy Corporation (holding Company)'s investor presentation, Dec 20, 2005
Slide 1: Investor Chat
Investor Chat December 20, 2005 Paul Anderson Chairman & Chief Executive Officer Martha Wyrsch President & CEO Duke Energy Gas Transmission
Slide 2: Safe Harbor Statement
Safe Harbor Statement This document includes statements that do not directly or exclusively relate to historical facts. Such statements are “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. These forwa
Slide 3: Disclosure Statements
Disclosure Statements Additional Information and Where to Find It In connection with the proposed transaction, a registration statement of Duke Energy Holding Corp. (Registration No. 333-126318), which includes a preliminary prospectus and a preliminary joint proxy statement of Duke Energy and Ciner
Slide 4: Agenda
Agenda Duke Energy Gas Transmission Growth Opportunities Duke Energy Income Fund Duke Energy 2006 Objectives 4
Slide 5: Duke Energy Gas Transmission System
Duke Energy Gas Transmission System Storage Capacity more than 258 Bcf Miles of Transmission Pipe more than 17,500 System Compressor Horsepower 3,000,000 Distribution Main Lines 22,000 mi DEGT West Distribution Service Lines 13,000 mi Retail Customers 1.2 MM VANCOUVER CALGARY HALIFAX Maritimes & Nor
Slide 6: DEGT Strengths
DEGT Strengths Our pipelines access multiple supply sources and are attached to premium markets Storage integration adds flexibility, reliability and differentiates our products We add value by integrating our physical assets, organization and customer information technology Our management i
Slide 7: Identified Growth Opportunities – 2006 & Beyond
Identified Growth Opportunities – 2006 & Beyond Ramapo Islander East Pine River Power Cape Cod VANCOUVER CALGARY Attachments Bear Head Dawn-Trafalgar HALIFAX Canaport Sarnia Pool 50% BOSTON Excelerate St. Clair Pool NE Gateway Storage CHATHAM Accident BP Logan Saltville Egan NASHVILLE Lebanon East L
Slide 8: Supply Area / SE Accomplishments & Opportunities
Supply Area / SE Accomplishments & Opportunities Proposed CenterPoint Energy Pipeline Perryville Carthage Hub Proposed Hub Copiah Southeast Storage Supply Header Gulfstream Texas Phase 2 Eastern Moss Bluff Egan Storage Gulfstream Expansion Commenced 350 MDth/d of incremental firm transportation on
Slide 9: East Tennessee Accomplishments & Opportunities
East Tennessee Accomplishments & Opportunities Jewell Ridge Saltville Storage Piedmont Acquired remaining 50% ownership in Saltville storage facility and other AGL Resources assets Expanding Saltville to grow our high-deliverability salt cavern storage which complements the ETNG system Connect
Slide 10: Northeast Market Accomplishments & Opportunities
Northeast Market Accomplishments & Opportunities Maritimes & Northeast Bear Head Canaport St. Clair & Islander East Cape Cod Sarnia Storage Ramapo Excelerate NE Gateway Algonquin Union Gas Strategically located to access Atlantic Canada and Northeast US LNG projects Open season to determine inte
Slide 11: Union Gas Accomplishments & Opportunities
Union Gas Accomplishments & Opportunities Dawn - Trafalgar Thunder Bay St. Clair Power Greenfield Energy Ctr Attaching power plants for gas distribution Thunder Bay St. Clair Power Greenfield Energy Center (GEC) Expanding Dawn – Trafalgar pipeline using a multi-phase approach 25,000 to 3
Slide 12: Western Canada Accomplishments & Opportunities
Western Canada Accomplishments & Opportunities Pine River DEFS Cdn Assets Pine River Expansion Acquisition of Empress Transfer of DEFS Canadian Assets to DEGT Duke Energy Income Fund initial public offering Empress The units offered will not be and have not been registered under the United S
Slide 13: Comparison: US Master Limited Partnership vs. Canadian Income Trust
Comparison: US Master Limited Partnership vs. Canadian Income Trust Similarities Differences • Yield structured investment vehicles • MLPs can only invest in qualifying sources of income – Income funds do not have similar limitations • Low cost of capital relative to corporations • Income fund struc
Slide 14: Strong Natural Gas Fundamentals
Strong Natural Gas Fundamentals $7.49 $6.33 $6.23 Natural Gas Prices $Cdn/Gigajoule $5.26 $5.16 Western Canadian Well Completions $3.88 15,616 $2.78 13,944 $1.82 $1.97 $1.72 11,177 $1.13 $1.38 10,618 8,926 9,073 6,295 5,369 4,856 4,584 3,618 3,726 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 20
Slide 15: 2005 Review and Outlook for 2006
2005 Review and Outlook for 2006 Paul Anderson Chairman & Chief Executive Officer
Slide 16: A Look Back
A Look Back 2005 short-term incentive plan Expect to exceed incentive target of $1.65 per ongoing basic share 5% reduction in management incentive due to contractor fatalities this year Successes Strong business operations and results Sold TEPPCO GP and LP units Announced merger with Ciner
Slide 17: Duke Energy 2006 Objectives
Duke Energy 2006 Objectives 2006 short-term incentive plan Earnings per share incentive ¾ Incentive target of $1.90 per ongoing diluted share ¾ Minimum payout at $1.75 per ongoing diluted share Assumes merger closing in first half of 2006 5% reduction in management incentive in the event of
Slide 18: Duke Energy 2006 Objectives
Duke Energy 2006 Objectives To be an energy industry leader in a new era of growth, we must: Establish an industry-leading electric power platform through successful execution of the merger with Cinergy. Continue to build a high-performance culture focused on safety, diversity and inclusion. D
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Slide 20: Regulation G Reconciliation of Non-GAAP Financial Measures
Regulation G Reconciliation of Non-GAAP Financial Measures 2005 Earnings per Share (“EPS”) Incentive Target Measure The slides and prepared remarks for the December 20, 2005 Investor Chat include a discussion of the Company’s revised 2005 EPS incentive target of $1.65. This EPS measure is used for e