Duke Energy 2015 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2015 Duke Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 264

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264

PART I
13
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, 2015, Duke Energy had a total of 29,188 employees
on its payroll. The total includes 5,371 employees who are represented by
labor unions under various collective bargaining agreements that generally
cover wages, benefits, working practices, and other terms and conditions of
employment.
Executive Officers of the Registrants
The following table sets forth the individuals who currently serve as executive officers. Executive officers serve until their successors are duly elected or appointed.
Name Age(a) Current and Recent Positions Held
Lynn J. Good 56 Chairman, President and Chief Executive Officer. Ms. Good was elected as Chairman of the Board, effective January 1, 2016, and assumed
her position as President and Chief Executive Officer in July 2013. Prior to that, she served as Executive Vice President and Chief Financial
Officer since 2009.
Steven K. Young 57 Executive Vice President and Chief Financial Officer. Mr. Young assumed his current position in August 2013. Prior to that, he had served as
Senior Vice President, Chief Accounting Officer and Controller since April 2006.
Douglas F Esamann 58 Executive Vice President and President, Midwest and Florida Regions. Mr. Esamann assumed his current position in June 2015. Prior to
that he was President, Duke Energy Indiana since November 2010.
Lloyd M. Yates 55 Executive Vice President, Market Solutions and President, Carolinas Region. Mr. Yates assumed his current position in August 2014. He
held the position of Executive Vice President, Regulated Utilities from December 2012 to August 2014, and prior to that, had served as Executive
Vice President, Customer Operations since July 2012, upon the merger of Duke Energy and Progress Energy. Prior to the merger, Mr. Yates was
President and Chief Executive Officer of Progress Energy Carolinas, Inc., which is now known as Duke Energy Progress, LLC. since July 2007.
Dhiaa M. Jamil 59 Executive Vice President and President, Regulated Generation and Transmission. Mr. Jamil assumed his current position in June 2015.
Prior to that he had served as Executive Vice President and President, Regulated Generation since August 2014. He served as Executive Vice
President and President of Duke Energy Nuclear from March 2013 and as Chief Nuclear Officer from February 2008 to August 2014. He also
served as Chief Generation Officer for Duke Energy from July 2009 to June 2012.
Julia S. Janson 51 Executive Vice President, Chief Legal Officer and Corporate Secretary. Ms. Janson assumed her current position in December 2012 and,
in February 2016, assumed the interim responsibilities for the External Affairs and Strategic Policy organization. Prior to that, she had held the
position of President of Duke Energy Ohio and Duke Energy Kentucky since 2008.
A.R. Mullinax 61 Executive Vice President, Strategic Services. Mr. Mullinax assumed his current position in August 2014. Prior to that, he had held the position
of Chief Information Officer since 2007.
Melissa H. Anderson 51 Senior Vice President and Chief Human Resources Officer. Ms. Anderson assumed her position in January 2015. Prior to joining Duke Energy,
she served as Senior Vice President of Human Resources at Domtar Inc. since 2010.
Brian D. Savoy 40 Senior Vice President, Chief Accounting Officer and Controller. Mr. Savoy assumed his current position in September 2013. Prior to that, he
had held the position of Director, Forecasting and Analysis since 2009.
(a) The ages of the officers provided are as of December 31, 2015.
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.
Environmental Matters
The Duke Energy Registrants are subject to federal, state and local laws
and regulations with regard to air and water quality, hazardous and solid waste
disposal and other environmental matters. Duke Energy is also subject to
international laws and regulations with regard to air and water quality, hazardous
and solid waste disposal and other environmental matters. Environmental
laws and regulations affecting the Duke Energy Registrants include, but are not
limited to:
The Clean Air Act (CAA), as well as state laws and regulations
impacting air emissions, including State Implementation Plans related
to existing and new national ambient air quality standards for ozone
and particulate matter. Owners and/or operators of air emission sources
are responsible for obtaining permits and for annual compliance and
reporting.
The Clean Water Act (CWA), which requires permits for facilities that
discharge wastewaters into the environment.
The Comprehensive Environmental Response, Compensation and
Liability Act, which can require any individual or entity that currently
owns or in the past may have owned or operated a disposal site, as
well as transporters or generators of hazardous substances sent to a
disposal site, to share in remediation costs.
The Solid Waste Disposal Act, as amended by the RCRA, which requires
certain solid wastes, including hazardous wastes, to be managed
pursuant to a comprehensive regulatory regime.
The National Environmental Policy Act, which requires federal agencies
to consider potential environmental impacts in their decisions, including
siting approvals.
The CPP, which regulates CO2 emissions from existing fossil fuel-fired
electric generating units by requiring states to develop and submit
final compliance plans, or initial plans with an extension request, to
the EPA by September 6, 2016, or no later than September 6, 2018,
with an approved extension. On February 9, 2016, the U.S. Supreme
Court granted a stay against the CPP halting enforcement until legal
challenges are resolved.