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Governance and Transparency

Company Communications on Climate Change

In February 2010, the Securities and Exchange Commission (SEC) issued guidance to public companies on how their existing disclosure requirements apply to climate change. The purpose of the guidance is to assist companies in satisfying their disclosure obligations.

Over the past several years, we have expanded our disclosure on global climate change in our SEC Form 10-K. We have also published a Report to Shareholders on Climate Change at the request of a Duke Energy shareholder – the Free Enterprise Action Fund.

Additionally, for the past seven years, we have participated in the Carbon Disclosure Project, an independent organization that provides a forum for companies to present information to a wide range of stakeholders about potential climate change risks and opportunities.