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DUKE ENERGY 2007 SUMMARY ANNUAL REPORT 1
Where we 10
are now
We are the third largest emitter
of carbon dioxide (CO2) in the
United States — emitting more
than 100 million tons last year.
We’ve significantly reduced
our non-carbon emissions over
the last 20 years and with the
right technologies, we believe
we can do the same with CO2.
We are working to find solutions
to this challenge that will protect
and benefit our stakeholders.
Where we 12
are going
We are assessing what it would
take to cut our CO2 emissions in
half — to approximately 50 million
tons — by 2030 and the implica-
tions of such an effort. By then,
we will likely have replaced our
oldest coal-fired power plants with
advanced cleaner-coal and other
technologies, including nuclear
power, natural gas, renewable
energy and greater use of
energy efficiency.
How we will 14
get there
We are taking five major steps
to build bridges to a low-carbon
future. We’re shaping public policy,
pursuing new technology, building
projects and talent, balancing
diverse interests and taking a
long view so we can continue
to create value for our stakeholders
in the future.
STEP 1: Shaping public policy 16
STEP 2: Pursuing new technology 18
STEP 3: Building projects
and talent 20
STEP 4: Balancing diverse
interests 22
STEP 5: Taking the long view 24
BUILDING BRIDGES TO A LOW-CARBON FUTURE:
For more information about our sustainability activities and environmental progress, please see the Duke Energy 2007|2008
Sustainability Report on the company Web site: www.duke-energy.com.
CONTENTS:
2007 Financial Highlights 2
Chairman’s Letter to Stakeholders 3
Leadership on Climate Disclosure 9
Board of Directors 26
Executive Management 28
Duke Energy at a Glance 30
Non-GAAP Financial Measures 31
Investor Information 32
Forward-Looking Statement 33