Duke Energy Summary

Company Description
Duke Energy, one of the largest electric power companies in the United States, supplies and delivers energy to approximately four million U.S. customers. Duke Energy’s business segments include U.S. Franchised Electric and Gas, Commercial Power and International Energy. The company has approximately 36,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. In addition, Duke Energy has more than 4,000 megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company. Headquartered in Charlotte, North Carolina, Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK.

CEO: Jim Rogers; Revenues: $14.04 Billion; Employees: 18,440 (2010).

Statements on Climate Change
“…I am convinced that it is prudent to take action now to address what we do know (about climate change).” James E. Rogers, CEO

Climate Change Targets
Duke Energy seeks to reduce or offset the CO2 emissions from its U.S. generation fl eet 17 percent from 2005 by 2020. It also aims to reduce the carbon intensity (tons of CO2 emitted per net megawatt-hour of electricity produced) of its total generation fl eet from 0.63 in 2005 to 0.50 by 2020.

Climate and Energy Strategies

Energy Supply Solutions [1]
Energy Demand Solutions [2]
Process Improvements [3]
Waste Management Practices [4]
Transportation [5]
Carbon Sequestration and Offsets Solutions [6]
GHG Reduction Targets [7]

Technology Solutions (C2ES's Climate Techbook [8] Factsheets)

Biopower (C2ES Factsheet [9], Company Web Site [10])
High Global Warming Potential Gas Abatement (C2ES Factsheet [11], Company Web Site [12])
Hydropower (C2ES Factsheet [13], Company Web Site [14])
Natural Gas (C2ES Factsheet [15], Company Web Site [16])
Nuclear Power (C2ES Factsheet [17], Company Web Site [18])
Residential End-Use Efficiency (C2ES Factsheet [19], Company Web Site [20])
Smart Grid (C2ES Factsheet [21], Company Web Site [22])

Relevant Links: Duke Company Web Site [23], Duke Energy Environment Web Site [24], Duke Energy Sustainability Report [25]

short description:

Duke Energy [26] is one of the largest electric power companies in the United States

Energy Efficiency Initiatives

Success Stories Summary:

In 2007, Duke’s Greenhouse Gas Reduction Fund awarded $3 million to fund 46 energy efficiency projects at generating stations and office facilities, as well as renewable energy projects. This resulted in the avoidance of 300,000 tons of carbon dioxide equivalent, plus additional tons in 2008 and beyond. In 2008, another $3 million was allocated to fund 36 energy efficiency projects.
Duke’s Ohio customers were the first to participate in a collaboration between Duke, GE and Wal-Mart to make energy efficiency more affordable. Duke provided customers with coupons for $3 off GE compact fluorescent light (CFL) bulbs at Wal-Mart. Approximately 30,000 customers redeemed these coupons for more than 225,000 CFLs during the promotion. Given this success, Duke expanded the partnership to include Sam’s Club, Home Depot and Lowe’s.

Buildings summary:

Duke is improving energy efficiency in owned or leased office space across its five-state service area.
Duke performed lighting upgrades in 2007 that it projected would save 1.5 gigawatt hours peryear by 2008.
Duke teamed with Cree Inc. to evaluate LED lighting for commercial use.
Duke installed 19 outdoor LED lights at its Durham, NC office to replace standard high-pressure sodium light fixtures. The project will provide data to evaluate the technology’s energy efficiency and longevity.

Internal Operations summary:

Duke created a Greenhouse Gas (GHG) Reduction Fund to invest in energy efficiency and other GHG reducing projects.
In 2007, Duke’s GHG Reduction Fund awarded $3 million to fund 46 energy efficiency projects at generating stations and office facilities, as well as renewable energy projects. This resulted in the avoidance of 300,000 tons of carbon dioxide equivalent, plus additional tons in 2008 and beyond. In 2008, another $3 million was allocated to fund 36 energy efficiency projects.

Products & Services summary:

Duke will invest $1 billion in smart grid technology over the next five years.
In 2007, Duke developed the Save-a-Watt program and filed for regulatory approval in NC, SC and IN. In 2008, the company filed with state regulators in OH and KY. Under this plan, Duke seeks to sell energy efficiency as a resource to its customers.
Duke’s Ohio customers were the first to participate in a collaboration between Duke, GE and Wal-Mart to make energy efficiency more affordable. Duke provided customers with coupons for $3 off GE compact fluorescent light (CFL) bulbs at Wal-Mart. Approximately 30,000 customers redeemed these coupons for more than 225,000 CFLs during the promotion. Given this success, Duke expanded the partnership to include Sam’s Club, Home Depot and Lowe’s.
Duke’s Home Energy House Call program provides free in-home energy analysis to help customers determine the most cost-effective steps to save energy.
For more than 20 years, Duke has collaborated with People Working Cooperatively to provide free home weatherization improvements to low-income, elderly and disabled homeowners in Cincinnati, Ohio and Northern Kentucky. Services include furnace or heat pump cleaning and tune-up, CFLs, water heater wrap and weather stripping.

Duke Energy Logo Duke Energy [27], is a member of the Business Environmental Leadership Council (BELC), the largest U.S.-based association of companies dedicated to business and policy solutions to climate change. Duke is one of the largest electric power companies in the United States, supplying and delivering energy to approximately 4 million U.S. customers. The company has approximately 36,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky.

BELC Abstracts

Electricity Abstract:

Residential & Commercial Abstract: