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Duke Energy is a leading energy company that operates primarily through two main segments: Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The company is engaged in providing regulated electric utilities and natural gas services across various regions, including the Carolinas, Florida, the Midwest, Ohio, and Kentucky. Duke Energy focuses on delivering reliable, affordable, and increasingly clean energy, with significant investments in modernizing infrastructure and expanding efficiency and demand management programs .
- Electric Utilities and Infrastructure (EU&I) - Provides regulated electric utilities in the Carolinas, Florida, and the Midwest, and invests in electric transmission infrastructure and offshore wind contracts.
- Gas Utilities and Infrastructure (GU&I) - Comprises natural gas local distribution companies in Ohio and Kentucky, along with investments in natural gas storage, midstream pipeline, and renewable natural gas.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Lynn J. Good ExecutiveBoard | Chair and Chief Executive Officer | None mentioned | Lynn J. Good is the Chair and CEO of Duke Energy. She has been in this role since 2013 and leads the company’s strategy and operations. | View Report → |
Cynthia S. Lee Executive | Vice President, Chief Accounting Officer, and Controller | None mentioned | Cynthia S. Lee joined Duke Energy in 2002 and became VP, Chief Accounting Officer, and Controller in May 2021. She previously served as Director of Investor Relations. | |
Harry K. Sideris Executive | President and Chief Executive Officer | None mentioned | Harry K. Sideris has been with Duke Energy for 29 years and became President and CEO effective April 1, 2025. | View Report → |
Julia S. Janson Executive | Executive Vice President and Chief Executive Officer, Duke Energy Carolinas | None mentioned | Julia S. Janson has been with Duke Energy since 2012 and became EVP and CEO of Duke Energy Carolinas in May 2021. | |
Kodwo Ghartey-Tagoe Executive | Executive Vice President, Chief Legal Officer, and Corporate Secretary | None mentioned | Kodwo Ghartey-Tagoe joined Duke Energy in 2002 and became EVP and Chief Legal Officer in October 2019. He previously served as President of South Carolina operations. | |
Louis E. Renjel Executive | Executive Vice President, External Affairs and Communications | None mentioned | Louis E. Renjel joined Duke Energy in 2017 and became EVP of External Affairs and Communications in March 2023. | |
R. Alexander Glenn Executive | Executive Vice President and Chief Executive Officer, Duke Energy Florida and Midwest | None mentioned | R. Alexander Glenn joined Duke Energy in 2012 and became EVP and CEO of Florida and Midwest operations in March 2023. | |
Steven K. Young Executive | Executive Vice President and Chief Commercial Officer | None mentioned | Steven K. Young joined Duke Energy in 1980 and became EVP and Chief Commercial Officer in September 2022. | |
T. Preston Gillespie Executive | Executive Vice President, Chief Generation Officer, and Head of Enterprise Operational Excellence | None mentioned | T. Preston Gillespie has been with Duke Energy since 1987. He oversees generation strategy and operational excellence. | |
Annette K. Clayton Board | Director | NXP Semiconductors (Board Member), Nordson Corporation (Board Member effective April 1, 2024) | Annette K. Clayton joined Duke Energy’s board in 2019. She is the former CEO of Schneider Electric North America. | |
Derrick Burks Board | Director | Equity LifeStyle Properties (Board Member), Kite Realty Group Trust (Board Member) | Derrick Burks joined Duke Energy’s board in 2022. He is a retired managing partner of Ernst & Young’s Indianapolis office. | |
E. Marie McKee Board | Director | None mentioned | E. Marie McKee joined Duke Energy’s board in 2012. She is a retired SVP of Human Resources and President of Steuben Glass at Corning Incorporated. | |
Idalene F. Kesner Board | Director | Berry Global Group (Board Member), Olympic Steel (Board Member), Lincoln Industries (Board of Advisors) | Idalene F. Kesner joined Duke Energy’s board in 2021. She is Dean Emerita of the Indiana University Kelley School of Business. | |
John T. Herron Board | Director | Ontario Power Generation (Board Member) | John T. Herron joined Duke Energy’s board in 2013. He is a retired President, CEO, and Chief Nuclear Officer of Entergy Nuclear. | |
Michael J. Pacilio Board | Director | None mentioned | Michael J. Pacilio joined Duke Energy’s board in 2021. He is a retired EVP and COO of Exelon Generation. | |
Nicholas C. Fanandakis Board | Director | FTI Consulting (Board Member), ITT Inc. (Board Member, not standing for re-election after May 2024) | Nicholas C. Fanandakis joined Duke Energy’s board in 2019. He is a retired EVP and CFO of DuPont. | |
Theodore F. Craver Jr. Board | Independent Lead Director (transitioning to Independent Chair on April 1, 2025) | Wells Fargo & Company (Board Member), Blackstone (Senior Advisor), Bain & Company (Senior Advisor) | Ted Craver has been a director at Duke Energy since 2017 and is the current Independent Lead Director. He is a retired Chairman, President, and CEO of Edison International. | |
Thomas E. Skains Board | Director | National Fuel Gas Company (Board Member), Truist Financial Corporation (Board Member) | Thomas E. Skains joined Duke Energy’s board in 2016. He is the retired Chairman, President, and CEO of Piedmont Natural Gas. |
- With your expectation of increased capital expenditures due to grid hardening and generation investments, how do you plan to finance these without issuing additional equity, and what will be the impact on your balance sheet and credit metrics?
- Considering the impact of the three recent hurricanes on your earnings and the lack of recovery mechanisms for lost revenues, how will these storms affect your near-term earnings and FFO to debt ratios, and what specific mitigation measures are you implementing to offset these impacts?
- As you prepare to file updated resource plans in the Carolinas next year, especially with potential deferrals of natural gas additions, how might changes in resource planning affect your long-term generation mix and capital expenditures?
- Given the significant risks associated with first-of-a-kind SMR projects, how do you plan to manage these risks and protect investors and customers from potential cost overruns and balance sheet impacts?
- With a slower rebound in certain industrial sectors and recovery timing shifting into 2025, how confident are you in achieving load growth at the top end of your 1.5% to 2% CAGR through 2028, and what steps are you taking to address this slowdown?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Duke Energy Indiana, LLC | 2022 | Completed minority investment where DEI Holdco issued additional membership interests equal to 8.85% for $1,025,000,000 on December 22, 2022, adding to an earlier 11.05% purchase and resulting in a 19.9% total stake. The transaction was executed under an Investment Agreement with Epsom Investment Pte. Ltd., an affiliate of GIC, aligning with strategic investment plans. |
Recent press releases and 8-K filings for DUK.
- Harry Sideris has been named CEO and joined Duke Energy's board effective April 1, 2025, succeeding Lynn Good who is retiring after over two decades of service.
- Sideris, previously serving as president since April 2024, will continue in that role while leading an $83-billion five-year capital plan focused on infrastructure investments.
- Additionally, Ted Craver has been appointed as board chair, marking a key board change as he transitions from his previous role as lead independent director.
- Duke Energy has received NRC approval to extend the operating license of its Oconee Nuclear Station by 20 years, allowing operations until 2053/2054.
- The extension marks the first subsequent license renewal, positioning the plant to support growing regional energy demand and customer affordability as part of Duke Energy’s broader clean energy strategy.
- Duke Energy Corp and its subsidiaries entered into Amendment No. 2 and Consent effective March 14, 2025, revising the existing credit agreement with key lenders.
- The amendment increases the credit facility from $9,000,000,000 to $10,000,000,000 and extends the termination date to March 16, 2030.