Duke Energy Corporation operates as an energy company. The company operates in the United States (U.S.) and Latin America primarily through its direct and indirect subsidiaries. The company’s subsidiaries include Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio); and Duke Energy Indiana, LLC (Duke Energy Indiana). The company is subject to regulation by the Federal Energy Regulatory Commission (FERC). Segments The company conducts its operations in three business segments: Regulated Utilities, International Energy, and Commercial Portfolio. Regulated Utilities Regulated Utilities conducts operations primarily through Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana, and Duke Energy Ohio. These electric and gas operations are subject to the rules and regulations of the FERC, the North Carolina Utilities Commission (NCUC), the Public Service Commission of South Carolina (PSCSC), the Florida Public Service Commission (FPSC), the Indiana Utility Regulatory Commission (IURC), the Public Utilities Commission of Ohio (PUCO), and the Kentucky Public Service Commission (KPSC). Regulated Utilities serves 7.4 million retail electric customers in six states in the Southeast and Midwest regions of the U.S. Its service area covers approximately 95,000 square miles with an estimated population of 24 million people. Regulated Utilities serves 525,000 retail natural gas customers in southwestern Ohio and northern Kentucky. Electricity is also sold wholesale to incorporated municipalities, electric cooperative utilities and other load-serving entities. Nuclear Matters: This segment owns, wholly or partially, 11 nuclear reactors located at 6 stations. This segment is subject to the jurisdiction of the U.S. Nuclear Regulatory Commission (NRC) for the design, construction, and operation of its nuclear generating facilities. Regulation: PJM Interconnection, LLC (PJM) and Midcontinent Independent Transmission System Operator, Inc. (MISO) are the independent system operators and FERC-approved regional transmission organizations for the regions in which Duke Energy Ohio and Duke Energy Indiana operate. Duke Energy Ohio is a member of PJM and Duke Energy Indiana is a member of MISO. This segment is subject to the jurisdiction of the U.S. Environmental Protection Agency, and state and local environmental agencies. International Energy This segment principally operates and manages power generation facilities and engages in the sale and marketing of electric power, natural gas, and natural gas liquids outside the U.S. Its activities principally target power generation in Latin America. This segment also owns a 25 percent interest in National Methanol Company, a regional producer of methanol and methyl tertiary butyl ether located in Saudi Arabia. Customers: This segment’s customers include retail distributors, electric utilities, independent power producers, marketers, and industrial and commercial companies. Commercial Portfolio Commercial Portfolio primarily acquires, builds, develops, and operates wind and solar renewable generation and energy transmission projects throughout the continental U.S. The portfolio includes nonregulated renewable energy, electric transmission, natural gas infrastructure and energy storage businesses. Commercial Portfolio's renewable energy includes utility-scale wind and solar generation assets, which total approximately 2,400 MW across 11 states from approximately 22 wind farms and 38 commercial solar farms. Revenues are primarily generated by selling the power produced from renewable generation through long-term contracts to utilities, electric cooperatives, municipalities, and commercial and industrial customers. In most instances, these customers have obligations under state-mandated renewable energy portfolio standards or similar state or local renewable energy goals. Energy and renewable energy credits generated by wind and solar projects are generally
duke energy corp (D2MN:Stuttgart)
550 South Tryon Street
Charlotte, NC 28202
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