Duke Energy is in the middle of a historic period of transformation, as our company executes a bold strategy to secure a clean energy future for the millions of Americans we are proud to serve.
This transformation requires sound policy at the local, state, and federal levels to provide the path forward for addressing climate change while continuing to deliver affordable, reliable, and increasingly clean energy.
It is therefore essential for the company to engage in public policy discussions – both on behalf of Duke Energy and through trade associations – to advocate for the interests of customers, shareholders, employees and communities.
In March of 2021, Duke Energy published a report that reviewed the major trade associations to which the company belongs and their positions on climate policy. This report is among the first of its kind in our industry.
DukePAC, a voluntary, nonpartisan political action committee, leverages the collective financial contributions of eligible employees to support political organizations and candidates who share the concerns and best interests of Duke Energy employees and customers. In 2020, DukePAC’s total contributions were $1,261,320.
Duke Energy’s total reportable federal lobbying expenses in 2020 were $4,320,000. That amount includes the $755,197 federal lobbying portion of trade association dues (includes dues in excess of $50,000) to support policy research and advocacy.
The company also contributed approximately $2,045,000 to Section 527 organizations created to support the nomination, election, appointment or defeat of a candidate. (For additional details, see Duke Energy’s Corporate Political Expenditure Reports.)
Duke Energy’s Political Expenditures Policy was adopted several years ago and is reviewed regularly. It sets out the principles governing our corporate political expenditures and the contributions of Duke Energy’s political action committee. It also requires a semiannual update on political expenditures to the Corporate Governance Committee of the Duke Energy Board of Directors.