Affiliate Restrictions Duke Energy's Code of Business Ethics

Duke Energy uses the capabilities of its affiliates to complement and maximize the value of its core businesses.

Duke Energy and its affiliates are subject to regulation by various state regulatory commissions and the Federal Energy Regulatory Commission. These commissions have specific codes and requirements (Affiliate Restrictions) that prevent regulated franchised electric and gas utilities from providing preferential treatment to their affiliates.

The purpose of the Affiliate Restrictions is to prevent the regulated businesses from subsidizing the activities of their affiliates and to prevent the affiliates from gaining an unfair advantage because of their relationship with the regulated businesses.

Affiliate Restrictions may include:

• Physical and organizational separation of employees in regulated and non-regulated businesses.   
• Restrictions on system access for non-regulated employees.   
• Restrictions on sharing certain employee functions between regulated and non-regulated businesses. 
• Restrictions on sharing non-public transmission information, market information and other confidential operating information.   
• Restrictions on disclosing customer information.   
• Restrictions on transfers of power and non-power goods and services. 
• Prohibitions on certain financial transactions.
  

Our Responsibilities

Duke Energy employees that work in or with the regulated/non-regulated businesses should understand all applicable regulations, be aware of the potential implications and participate in associated training to ensure compliance with the Affiliate Restrictions.