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Lloyd M. Yates Executive Vice President – Regulated Utilities

Lloyd Yates is executive vice president of Regulated Utilities for Duke Energy. He is responsible for the profit/loss, strategic direction and performance of the company’s regulated utilities in six states. This includes rates and regulatory initiatives, state and local government relations, economic development, community affairs, integrated resource planning and wholesale power. Yates is also responsible for federal government affairs, as well as environmental and energy policy at the state and federal levels. 

Previously, Yates served as executive vice president of Customer Operations for Duke Energy, where he led the transmission, distribution, customer services, gas operations and grid modernization functions to approximately 7.2 million electric customers and 500,000 gas customers.

Yates has more than 30 years of experience in the energy industry, including the areas of nuclear and fossil generation, and energy delivery. He served as president and chief executive officer for Progress Energy Carolinas from July 2007 until the Duke Energy/Progress Energy merger in July 2012. After serving for more than two years as senior vice president of Energy Delivery for Progress Energy Carolinas, Yates served as vice president of transmission services for Progress Energy Carolinas. Yates joined Carolina Power & Light in 1998 and served for five years as vice president of fossil generation.

Prior to joining Progress Energy, he worked for PECO Energy for 16 years in several line operations and management positions.

Yates earned a Bachelor of Science degree in mechanical engineering from the University of Pittsburgh and a Master of Business Administration degree from St. Joseph's University in Philadelphia, Pa. He completed the Advanced Management Program at Wharton University of Pennsylvania and the Executive Management Program at Harvard Business School.

Yates currently serves as a director for Marsh & McLennan Companies Inc., a global professional services firm, and holds various positions on community, state and industry boards. He has also served as a board member for WakeMed Health and Hospitals.

He and his wife, Monica, have two daughters.

Duke Energy, the largest electric power company in the United States, supplies and delivers electricity to approximately 7 million customers in the Southeast and 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 250 company traded on the New York Stock Exchange under the symbol DUK.

October 24, 2013