Duke Energy serves 7.8 million electric and 1.6 million natural gas customers across seven different states, and employs nearly 30,000 people. With complex political and policy landscapes at the state and federal levels, it is important that there is a balanced view on issues to ensure the best interest of Duke Energy customers and employees are top of mind.
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 2019, DukePAC’s total contributions were $633,930.
DukePAC also serves as a key resource in its ability to educate employees, encouraging their increased civic participation at all levels.
Through engagement with local communities, lawmakers, and stakeholders, Duke Energy is also able to advocate for state-specific policies at the state capitals in its service territory. The company also advocates for innovative and practical policies at the federal level that further the good progress made by the company, and the industry as a whole.
Duke Energy’s total reportable federal lobbying expenses in 2019 were $5,284,510. That amount includes the $963,720 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 $1,194,660 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 requires compliance with laws and regulations governing political contributions, government interaction and lobbying activities. It also requires a semiannual update on political expenditures to the Corporate Governance Committee of the Duke Energy Board of Directors. The company is legally prohibited from making direct contributions to candidates for U.S. federal offices and certain state offices.