Lloyd M. Yates Executive Vice President – Regulated Utilities
Lloyd Yates is executive vice president of Regulated Utilities for Duke Energy. In this role, he is responsible for the 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. He 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 7.1 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. Before the merger between Duke Energy and Progress Energy in July 2012, Yates served as president and chief executive officer for Progress Energy Carolinas. He was promoted to that position in July 2007, after serving for more than two years as senior vice president of Energy Delivery for Progress Energy Carolinas. Prior to that, he served as vice president of transmission for Progress Energy Carolinas. Yates joined Progress Energy predecessor, Carolina Power & Light, in 1998, and served for five years as vice president of fossil generation.
Before joining Progress Energy, he worked for PECO Energy for 16 years in several line operations and management positions.
Yates earned a bachelor's degree in mechanical engineering from the University of Pittsburgh and a master's degree in business administration from St. Joseph's University in Philadelphia. He attended the Advanced Management Program at the University of Pennsylvania Wharton School and the Executive Management Program at the Harvard Business School.
Yates serves on several community, state and industry boards and is a director for Marsh & McLennan Companies Inc., a global professional service firm, and 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.
March 25, 2013