Black Enterprise Magazine Names Duke Energy's Yates One of America's '100 Most Powerful' Black Executives

Black Enterprise Magazine Names Duke Energy's Yates One of America's '100 Most
                          Powerful' Black Executives

PR Newswire

CHARLOTTE, N.C., Sept. 26, 2012

CHARLOTTE, N.C., Sept. 26, 2012 /PRNewswire/ -- Lloyd Yates, Duke Energy's
executive vice president of customer operations, has been named to Black
Enterprise Magazine's list of the "100 Most Powerful" black executives in
corporate America. 

(Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO)

The publication selected executives based on their contributions to company
revenues, as well as management responsibility, budget authority, operating
responsibility and influence in their respective companies and industries.

"Yates is responsible for the transmission, distribution, customer services,
gas operations, and grid modernization functions for nearly 7.1 million
electric customers and a half-million gas customers," Black Enterprise writes
in its September issue. "A veteran of the (energy) industry, Yates was
president and CEO of Progress Energy Carolinas before the company merged with
Duke Energy in July. The new Duke Energy has more than $23 billion in
revenues."

"This is a well-deserved honor for Lloyd," said Duke Energy CEO Jim Rogers.
"Lloyd is a highly-respected professional in the energy industry and in our
communities. His passion for customers and his strong connection with
employees represent a forceful combination."

Yates has more than30 years' experience in the energy industry, including
nuclear and fossil generation, and energy delivery.

Prior to becoming president and CEO at Progress Energy Carolinas in 2007, he
served as senior vice president of energy delivery and vice president of
transmission. He joined Progress Energy predecessor, Carolina Power & Light,
in 1998 as vice president of fossil generation.

Before joining Progress Energy, he worked for 16 years at Philadelphia-based
PECO Energy.

Yates earned a bachelor's degree in mechanical engineering from the University
of Pittsburgh and a master's degree in business administration from St.
Joseph's University in Philadelphia. He attended the Advanced Management
Program at the University of Pennsylvania Wharton School and the Executive
Management Program at the Harvard Business School.

Duke Energy is the largest electric power holding company in the United States
withmore than $100 billion in total assets. Its regulated utility operations
serve approximately 7.1 million electric customers located in six states in
the Southeast and Midwest. Its commercial power and international business
segments own and operate diverse power generation assets in North America and
Latin America, including a growing portfolio of renewable energy assets in the
United States.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded
on the New York Stock Exchange under the symbol DUK. More information about
the company is available at: www.duke-energy.com.

CONTACT: Paige Layne
24-Hour: 800-559-3853

SOURCE Duke Energy

Website: http://www.duke-energy.com