Affiliate Rules Duke Energy's Code of Business Ethics

Duke Energy's value is maximized by the complementary capabilities of its affiliates.

Duke Energy is subject to regulation by various energy regulatory commissions, including federal, certain state, and provincial commissions. These commissions have specific codes and standards of conduct (Affiliate Rules) that address matters such as undue discrimination and preferential treatment between regulated companies and their affiliates.

The purpose of these Affiliate Rules 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.

Generally the Affiliate Rules include:

  • Physical and organizational separation requirements between the regulated business units and certain affiliates
  • Restrictions on sharing directors, officers, and employees
  • Prohibitions on the sharing of transportation or market information
  • Restrictions on the disclosure of customer information
  • Requirements for equal access to regulated service and prohibition against undue discrimination in providing regulated service
  • Restrictions on transactions between regulated business units and affiliates, such as transfer pricing provisions, prohibitions on certain financial transactions, and regulatory approval and reporting requirements
  • Terms for sharing certain services and resources
  • Restrictions on certain financial transactions between regulated business units and affiliates
  • Restrictions on making referrals to or endorsements of affiliates.

Compliance with both the letter and spirit of the Affiliate Rules demonstrates integrity.

Our Responsibilities

Duke Energy employees involved in the following activities for or with a regulated business unit are expected to understand and comply with the Affiliate Rules.

  • Transferring goods or services
  • Sharing customer, market or transportation information
  • Providing regulated/tariffed services to an affiliate
  • Marketing activities, including referrals or endorsements
  • Sharing employees, services, or resources.