Duke Energy 2014 Annual Report Download - page 6
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In August, we announced an agreement
to sell our Midwest commercial generation
cash. This decision supports our strategy
to focus investments in businesses with
more predictable and less volatile earnings.
As of this writing, we are awaiting the
Federal Energy Regulatory Commission’s
and expect to close this transaction
by the end of the second quarter of
more than 2 million customers in our
regulated utilities in Indiana, Ohio
and Kentucky.
Duke Energy International represents
about 10 percent of our overall business
mix. From 2009 through 2014, its net
However, the strengthening U.S. dollar,
an extended drought in Brazil and lower
oil prices have reduced the forecasted
earnings contributions expected from
Duke Energy International generates
following a strategic review of this
earnings home to the U.S. by end of
2022. Of this amount, we expect to
us grow our domestic investments and
support the Duke Energy dividend.
Connected to the environment
Last year, I wrote about the February 2014
coal ash release into the Dan River, which
resulted from a stormwater pipe break
at the retired Dan River Steam Station in
effective action to stop the leak, care for
the river and reform operations.
Since then, we have worked under the
direction of environmental agencies to
remove ash deposits below the Dan River
plant, and we continue to take direction
from the U.S. Environmental Protection
Agency regarding any future ash removal
needs. Independent research has
demonstrated that the Dan River ecosystem
is thriving. Long-term monitoring continues.
a proposed agreement with the U.S.
government that, if approved by the court,
into the company related to the Dan River
ash spill and ash basin operations at other
North Carolina coal plants. The agreement
Duke Energy Carolinas and Duke Energy
community service and mitigation. These
payments will be borne by shareholders,
not customers.
The spill at Dan River has put Duke Energy
in the forefront of designing industry-
leading solutions to this nationwide issue
reorganized to strengthen coal ash
management and are accelerating our
\ 4 \ DUKE ENERGY
The connection
is personal:
Our employees
and retirees
volunteered
212,000 hours in
our communities
during 2014.