Duke Energy 2013 Annual Report Download - page 229

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PART III
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
Duke Energy will provide information that is responsive to this Item 12 in its definitive proxy statement or in an amendment to this Annual Report not later
than 120 days after the end of the fiscal year covered by this Annual Report, in either case under the caption “Security Ownership of Certain Beneficial Owners and
Management and Related Stockholder Matters,” and possibly elsewhere therein. That information is incorporated in this Item 12 by reference.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
Duke Energy will provide information that is responsive to this Item 13 in its definitive proxy statement or in an amendment to this Annual Report not later
than 120 days after the end of the fiscal year covered by this Annual Report, in either case under the caption “Certain Relationships and Related Transactions,” and
possibly elsewhere therein. That information is incorporated in this Item 13 by reference.
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
Deloitte & Touche LLP, and the member firms of Deloitte Touche Tohmatsu and their respective affiliates (collectively, Deloitte) provided professional services to
the Duke Energy Registrants. The following tables present the Deloitte fees for services rendered to the Duke Energy Registrants during 2013 and 2012.
Year Ended December 31, 2013
Duke Duke Duke Duke Duke
Duke Energy Progress Energy Energy Energy Energy
(in millions) Energy Carolinas Energy Progress Florida Ohio Indiana
Types of Fees
Audit Fees(c) $11.5 $4.1 $4.3 $2.5 $1.8 $1.3 $1.2
Audit-Related Fees(d) 2.3 0.4 0.2 0.1 0.1 — —
Tax Fees(e) 0.5 0.2 0.2 0.1 0.1 0.1 0.1
Total Fees $14.3 $4.7 $4.7 $2.7 $2.0 $1.4 $1.3
Year Ended December 31, 2012
Duke Duke Duke Duke Duke
Duke Energy Progress Energy Energy Energy Energy
(in millions) Energy(a) Carolinas Energy(b) Progress(b) Florida(b) Ohio Indiana
Types of Fees
Audit Fees(c) $ 12.2 $4.2 $3.2 $1.7 $1.5 $2.8 $1.3
Audit-Related Fees(d) 2.5 0.9 0.4 0.2 0.2 0.5 0.3
Tax Fees(e) 0.9 0.3 0.2 0.1 0.1 0.2 0.1
Total Fees $ 15.6 $5.4 $3.8 $2.0 $1.8 $3.5 $1.7
(a) Excludes accounting fees and services for Progress Energy registrants paid prior to the merger on July 2, 2012.
(b) Includes all accounting fees and services paid prior to and subsequent to the merger.
(c) Audit Fees are fees billed or expected to be billed for professional services for the audit of the Duke Energy Registrants’ financial statements included in the annual report on Form 10-K and the review of financial statements
included in quarterly reports on Form 10-Q, for services that are normally provided by Deloitte in connection with statutory, regulatory or other filings or engagements or for any other service performed by Deloitte to comply
with generally accepted auditing standards.
(d) Audit-Related Fees are fees for assurance and related services that are reasonably related to the performance of an audit or review of financial statements, including assistance with acquisitions and divestitures and internal
control reviews.
(e) Tax Fees are fees for tax return assistance and preparation, tax examination assistance, and professional services related to tax planning and tax strategy.
To safeguard the continued independence of the independent auditor, the Duke Energy Audit Committee adopted a policy that provides the independent public
accountants are only permitted to provide services to Duke Energy and its consolidated subsidiaries, including the Subsidiary Registrants that have been pre-approved
by the Duke Energy Audit Committee. Pursuant to the policy, detailed audit services, audit-related services, tax services and certain other services have been
specifically pre-approved up to certain fee limits. In the event the cost of any of these services may exceed the pre-approved limits, the Duke Energy Audit Committee
must pre-approve the service. All other services that are not prohibited pursuant to the Securities and Exchange Commission’s or other applicable regulatory bodies’
rules of regulations must be specifically pre-approved by the Duke Energy Audit Committee. All services performed in 2013 and 2012 by the independent public
accountant were approved by the Duke Energy Audit Committee and Legacy Progress Energy Audit Committee pursuant to their pre-approval policies.