Duke Energy 2013 Annual Report Download - page 30

PART I
12
December 31, 2013, Duke Energy sold its interest in DukeNet Communications
Holdings, LLC (DukeNet) to Time Warner Cable, Inc. Following the repayment
of existing DukeNet indebtedness at closing, transaction expenses and
other purchase price adjustments, Duke Energy received cash proceeds of
approximately $215 million.
Bison’s principal activities as a captive insurance entity include the
indemnification of various business risks and losses, such as property, business
interruption, workers’ compensation and general liability of subsidiaries and
affiliates of Duke Energy.
Regulation
Certain entities within Other are subject to the jurisdiction of state and
local agencies.
Geographic Regions
For a discussion of Duke Energy’s foreign operations see “Management’s
Discussion and Analysis of Results of Operations” and Note 3 to the
Consolidated Financial Statements, “Business Segments.”
Employees
On December 31, 2013, Duke Energy had 27,948 employees. A total of
5,548 operating and maintenance employees were represented by unions.
Executive Officers
Lynn J. Good 54 Vice Chairman, President and Chief Executive Officer. Ms. Good assumed her current position in July 2013. Prior to that, she served as
Executive Vice President and Chief Financial Officer since 2009. Prior to that, she served as President, Commercial Businesses since November
2007. Prior to that, she served as Senior Vice President and Treasurer since December 2006; prior to that she served as Treasurer and Vice
President, Financial Planning since October 2006; and prior to that she served as Vice President and Treasurer since April 2006, upon the
merger of Duke Energy and Cinergy.
Dhiaa M. Jamil 57 Executive Vice President and President, Duke Energy Nuclear. Mr. Jamil assumed his current position in March 2013. Prior to that, he
served as Chief Nuclear Officer since February 2008. He also served as Chief Generation Officer for Duke Energy from July 2009 to June 2012.
Prior to that he served as Senior Vice President, Nuclear Support, Duke Energy Carolinas, LLC since January 2007.
Julia S. Janson 49 Executive Vice President, Chief Legal Officer and Corporate Secretary. Ms. Janson assumed her current position in December 2012. Prior
to that she had held the position of President of Duke Energy Ohio and Duke Energy Kentucky since 2008. She also held the position of Senior
Vice President of Ethics and Compliance and Corporate Secretary for Duke Energy after its merger with Cinergy.
Marc E. Manly 61 Executive Vice President and President, Commercial Businesses. Mr. Manly assumed his current position in December 2012. Prior to
that he had held the positions of Chief Legal Officer since April 2006, upon the merger of Duke Energy and Cinergy. He also held the position of
Corporate Secretary from December 2008 until December 2012.
Brian D. Savoy 38 Vice President, Controller and Chief Accounting Officer. Mr. Savoy assumed his current position in September 2013. Prior to that he held
the position of Director, Forecasting and Analysis since 2009. He held the position of Vice President and Controller of the Commercial Power
segment from 2006-2009.
B. Keith Trent 54 Executive Vice President and Chief Operating Officer, Regulated Utilities. Mr. Trent assumed his current position in December 2012. He
previously held the position of Executive Vice President, Regulated Utilities upon the merger with Progress Energy in July 2012 and prior to that,
President, Commercial Businesses from July 2009 until July 2012. Prior to that he served as Group Executive and Chief Strategy, Policy and
Regulatory Officer since May 2007. Prior to that he served as Group Executive and Chief Strategy and Policy Officer since October 2006 and prior
to that he served as Group Executive and Chief Development Officer since April 2006, upon the merger of Duke Energy and Cinergy.
Jennifer L. Weber 47 Executive Vice President and Chief Human Resources Officer. Ms. Weber assumed her current position in January 2011. Prior to that she
served as Senior Vice President and Chief Human Resources Officer since November 2008. Prior to that she served as Senior Vice President of
Human Resources at Scripps Networks Interactive from 2005 to 2008.
Lloyd M. Yates 53 Executive Vice President, Regulated Utilities. Mr. Yates assumed his current position in November 2012. Prior to that, he was named
Executive Vice President, Customer Operations in July 2012, upon the merger of Duke Energy and Progress Energy. Mr. Yates served as Chief
Executive Officer, Duke Energy Progress, Inc. from July 2007 until June 2012.
Steven K. Young 55 Executive Vice President and Chief Financial Officer. Mr. Young assumed his current position in August 2013. Prior to that, he served as
Vice President, Chief Accounting Officer and Controller. He assumed the role of Chief Accounting Officer in July 2012. He assumed the role of
Controller in December 2006. Prior to that he served as Vice President and Controller since April 2006, upon the merger of Duke Energy and
Cinergy.
Executive officers serve until their successors are duly elected or appointed.
There are no family relationships between any of the executive officers, nor any arrangement or understanding between any executive officer and any other
person involved in officer selection.