Political Activity Policy
Statement of Purpose and Philosophy
Duke Energy strongly believes in and supports the democratic political process and encourages its directors, employees and agents to take an active interest in fostering principles of good government in the countries, states and communities in which they live.
Duke Energy principles governing corporate political expenditures and Political Action Committee contributions:
- Political expenditures shall reflect the company's interests and not those of its individual officers or directors.
- No political expenditure shall be made in anticipation of, in recognition of, or in return for any official act.
- Political expenditure decisions will be made based upon the following principles:
- promotion of sound and sustainable energy and environmental policies and legislation;
- efficient and effective regulatory systems, and;
- the promotion of economic growth and community vitality.
- On a semi-annual basis, beginning in 2016, all reported DukePAC contributions, corporate contributions and lobbying expenses will be disclosed in the aggregate by category and posted directly on this website (Current Report).
- On a semi-annual basis, the Executive Vice President, External Affairs and Strategic Policy, shall report to the Corporate Governance Committee of the Duke Energy Corporation Board of Directors on the Political Expenditure Committee's (as defined below) annual strategy, and the company's political expenditures. This includes the company's payments to trade associations and other tax-exempt organizations that may be using the funds for lobbying and political activities.
- Duke Energy encourages participation in DUKEPAC, but it will not pressure or coerce employees to make personal political contributions or contribute to DUKEPAC.
- Employees will not be reimbursed either directly or indirectly for personal political contributions or expenses.
Guidelines and approval process for political expenditure requests:
DUKEPAC political contributions
DUKEPAC political contributions are governed by its articles of association and actions of the DUKEPAC Trustees.
Corporate political expenditure guidelines
- Current federal law bars corporate contributions to candidates in federal elections, and the laws of North Carolina, Ohio, and Kentucky prohibit corporate contributions to candidates in those states. Duke Energy administers our political contributions consistent with federal and state laws.
- The company shall establish and maintain a Political Expenditures Committee (PEC), whose purpose shall be to annually develop a company political expenditure strategy. This committee will monitor and track corporate political expenditures and provide recommendations and updates to company senior management. The PEC shall be comprised of senior officers from a cross-section of disciplines in the company.
- The company maintains a tiered approval process that will govern all political expenditures to ensure such expenditures have the appropriate level of management review.
Trade associations and chambers of commerce:
- Duke Energy belongs to a number of trade associations that participate in the political process. These associations represent a broad array of professional and industry interests.
- Duke Energy is active in various chambers of commerce as a means to promote economic development and vitality in the jurisdictions in which we do business.
- Duke Energy may not always agree with political positions taken by trade associations and chambers of commerce of which it is a member. However, we believe our participation in these organizations advances economic growth and community vitality.
- Federal Election Commission
- Florida Division of Elections
- Indiana Election Division
- Kentucky Registry of Election Finance
- North Carolina State Board of Elections
- Ohio Election Information
- South Carolina State Ethics Commission
- Duke Energy Code of Business Ethics (pdf, 1919 KB)
- FCPA - Compliance with the Foreign Corrupt Practices Act Policy (pdf, 93 KB)
- Honest Leadership and Open Government Act of 2007 Guidance ("HLOGA") (pdf, 18 KB)