James L. Turner Group Executive; President and Chief Operating Officer — U.S. Franchised Electric and Gas

Jim Turner is a group executive of Duke Energy and president and chief operating officer of its U.S. Franchised Electric and Gas business. In this role, Turner has overall profit and loss responsibility for the regulated business segment, the company’s largest. Turner is responsible for legislative and regulatory strategy and policy, rates, economic development and the state presidents’ organizations for Duke Energy Carolinas, Duke Energy Ohio, Duke Energy Kentucky and Duke Energy Indiana. He also directly oversees power delivery, gas distribution, customer service, fuel and portfolio optimization, wholesale business, new generation projects, environmental health and safety, and the company’s supply chain organization.

Prior to the merger of Duke Energy and Cinergy, Turner served as president of Cinergy. Before that, he was the company’s chief financial officer, where he was responsible for the company’s financial operations, investor relations, corporate development, and strategic planning. He also served as chief executive officer for Cinergy’s regulated business unit.

Before joining Cinergy in 1995, Turner was employed as a principal in the Indianapolis law firm of Lewis & Kappes, P.C., representing industrial customers in state utility commission proceedings as well as before the Indiana General Assembly. Before joining Lewis & Kappes, Turner served as the Indiana Utility Consumer Counselor from 1991 to 1993, leading a state agency responsible for representing all classes of Indiana consumers of electricity, natural gas, telephone, water and sewer services. In 1992, he served on the Executive Committee of the National Association of State Utility Consumer Advocates. From 1984 to 1991, he was employed as an attorney in the Indianapolis law firm of Bingham Summers Welsh & Spilman (now Bingham McHale), where he was elected to partnership in 1990.

Turner serves on the board of directors of EnerNOC Inc. (NASDAQ: ENOC), a publicly traded energy management company focused on using technology to help customers manage energy demand. He is vice chairman of the board of the Electric Power Research Institute. Turner also serves as chairman of the board of the Charlotte Center City Partners and is a board member of the Charlotte Chamber of Commerce. From 1999 to 2004, he also served as a member of the Ohio State Board of Education.

Turner received a bachelor of science degree from Ball State University in Muncie, Ind., and a juris doctor degree, cum laude, from the Indiana University School of Law in Indianapolis. He also completed the Advanced Management Program at the Harvard Business School; the Leadership at the Peak Program at the Center for Creative Leadership; and the Reactor Technology Course for Utility Executives at MIT.

He and his wife, Leah, have two daughters and a son.

Duke Energy, one of the largest power companies in the United States, supplies and delivers electricity to approximately 4 million customers in the Carolinas and the Midwest. The company also distributes natural gas in Ohio and Kentucky. Its commercial power and international businesses operate diverse power generation assets in North America and Latin America, including a growing renewable energy portfolio. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK.