Duke Energy Corp DUK.PR.A

Primary Symbol: DUK

Utilities Utilities - Diversified

Duke Energy Corporation is an energy holding company. The Company operates through two segments: Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana, and Duke Energy Ohio. EU&I provides retail electric service through the generation, transmission, distribution, and sale of electricity to customers within the Southeast and Midwest regions of the United States. The GU&I segment conducts natural gas operations primarily through the regulated public utilities of Piedmont, Duke Energy Ohio, and Duke Energy Kentucky. GU&I serves residential, commercial, industrial, and power generation natural gas customers, including customers served by municipalities who are wholesale customers. It also purchases a diverse portfolio of transportation and storage services from interstate pipelines.

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Post by bc4uon Feb 13, 2013 9:23am

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Post# 20980242

Duke Energy 2012 results near top of EPS guidance

Duke Energy 2012 results near top of EPS guidance range

• Company achieves adjusted diluted earnings per share (EPS) of $4.32 in
2012, compared to $4.38 in 2011; reported diluted EPS $3.07 for 2012,
compared to $3.83 in 2011
• Fourth quarter 2012 adjusted diluted EPS of 70 cents, compared with 71
cents for the fourth quarter 2011; fourth quarter 2012 reported diluted EPS
of 62 cents, compared to 65 cents in 2011
• Company will provide updates on its businesses, report on regulatory
initiatives, and offer a financial and business outlook for 2013 and beyond
during Feb. 28 analyst meeting

CHARLOTTE, N.C. – Duke Energy today posted 2012 full-year adjusted diluted EPS of
$4.32, which was near the top of its adjusted diluted EPS guidance range of $4.20 to
$4.35.
For 2012, adjusted EPS reflected the addition of earnings from Progress Energy, net of
the impact of shares issued in connection with the merger, the impact of the new
market-based Electric Security Plan (ESP) in Ohio, and unfavorable weather.
These were partially offset by revised customer rates at Duke Energy Carolinas.

Duke Energy’s full-year reported diluted EPS was $3.07 for 2012, compared to $3.83 in
2011.
Fourth quarter 2012 adjusted diluted EPS was 70 cents, compared to 71 cents for fourth
quarter 2011. Fourth quarter 2012 reported diluted EPS was 62 cents, compared to 65
cents for fourth quarter 2011.
“For Duke Energy, 2012 was a year of unprecedented accomplishment, highlighted by
the merger with Progress Energy that has already begun providing savings for our
customers,” said Jim Rogers, chairman, president and chief executive officer. “We also
made significant progress with our fleet modernization program by bringing online three
major new power plants in North Carolina, enabling us to retire older, less efficient coalfired
units.”
“I am especially pleased with the outstanding performance and resilience of our
employees,” he added. “During a year of change and uncertainty, they maintained their
focus and strong commitment. The nuclear fleet maintained a capacity factor greater
than 90 percent, excluding Crystal River 3, for the 13th consecutive year and the
company achieved its best safety record ever.
“From a financial perspective, we achieved our objectives by delivering 2012 adjusted
diluted EPS near the top of our guidance range, increasing the dividend and maintaining
the strength of our balance sheet,” Rogers said.
The company also resolved two significant regulatory proceedings in 2012: the North
Carolina Utilities Commission’s merger investigation, and the Indiana Utility Regulatory
Commission’s cost recovery settlement for the Edwardsport Integrated Gasification
Combined Cycle (IGCC) Station.