Choose State Change Location
HOME » Investors » Corporate Governance » Political Activity Policy

Political Activity Policy

Statement of Purpose and Philosophy:

The purpose of this Political Activity Policy (the "Policy") is to promote compliance with applicable laws and regulations surrounding political contributions, government contacts and lobbying ("Laws") by Duke Energy Corporation and its subsidiaries ("Duke Energy" or the "Company"), and all directors, employees and agents thereof, in order to preserve the reputation and integrity of Duke Energy as well as that of all persons affiliated with it.

Scope

This Policy is applicable to all directors, employees and agents of Duke Energy whether located inside or outside of the United States.

Questions regarding this policy should be directed to the executive vice president responsible for federal, state and local government affairs policy, or his or her designee (the "Chief Government Affairs Officer").

1. Policy Expectations:

Duke Energy strongly supports individual and corporate participation in the political process in the countries, states and communities in which it does business.

Requirements

  1. Duke Energy shall comply with applicable U.S. and foreign Laws.
  2. Duke Energy believes strongly in 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. Directors, employees and agents may spend their own time and funds supporting political candidates and issues, but they will not be reimbursed by Duke Energy in any way for such time or their funds used for personal political contributions.
  3. Directors, employees and agents must avoid conflicts of interest when serving in public office by excusing themselves from any political matters involving Duke Energy.
  4. No director, employee or agent shall apply pressure, direct or implied, on any other director, employee or agent that infringes upon an individual's right to decide whether, to whom and in what amount a personal political contribution is to be made.
  5. Directors, employees and agents who conduct business with public officials, or who represent Duke Energy in political, governmental and business matters, must comply with all Laws that control corporate participation in the political process. Under various statutes, certain conduct, which is permitted and encouraged for individuals, may be prohibited by corporations. It is Duke Energy's policy to comply fully with these prohibitions.
  6. Duke Energy is legally prohibited from contributing directly or indirectly in support of political candidates for elective federal offices in the United States, and it is similarly prohibited from making such contributions in certain states and other countries. Duke Energy will participate in the political process in accordance with all Laws.
  7. When permitted by Law and authorized in advance by the Chief Government Affairs Officer, or his or her designee, Duke Energy funds and facilities may be used to provide the needed administrative support for the operation of the Duke Energy Political Action Committee ("DUKEPAC") or political action programs. No Duke Energy funds, facilities or other property will be used for other than administrative support of DUKEPAC or such political action programs.
  8. Directors, employees and agents who are personally involved in the political process must clearly identify that their actions are personal and not those of the Company.
  9. Directors, employees and agents must obtain written approval from an appropriate Duke Energy State Government Affairs Department ("Government Affairs") representative, prior to:
    • Using the "Duke Energy" name and logo in support of any state or local political candidate, issue or activity.
    • Contacting, on behalf of Duke Energy, any state or local government personnel for the purpose of influencing state or local legislation or regulations.
    • Using Company resources not in violation of state or local election laws as determined by the Company's legal counsel, including the director's, employee's, or agent's time during work hours, copy machines, computers, telephones and other forms of Company property to perform state or local political activities. To the extent such prior approval has been granted, all time and expenses associated with the use of Company resources must be documented so that such use may be reported if required.
    • Providing a gift or political contribution of Duke Energy funds, property or services to any state or local public official or their staff, where permitted. Company gifts and contributions may be publicly disclosed in reports that are available on the various state and local websites.
    • Sponsoring an event, on behalf of Duke Energy, where a state or local public official is an honoree. To the extent such prior approval has been granted, all time and expenses associated with the use of Company resources must be documented so that such use may be reported if required.
    • Providing Duke Energy funds for contributions to state or local 527 organizations.
  10. Directors, employees and agents must obtain written approval from the Duke Energy Chief Government Affairs Officer, or his or her designee, prior to:
    • Using the "Duke Energy" name and logo in support of any federal political candidate, issue or activity.
    • Contacting, on behalf of Duke Energy, any federal government personnel for the purpose of influencing federal legislation or regulations.
    • Using Company resources not in violation of federal election laws as determined by the Company's legal counsel, including the director's, employee's, or agent's time during work hours, copy machines, computers, telephones and other forms of Company property to perform federal political activities. To the extent such prior approval has been granted, all time and expenses associated with the use of Company resources must be documented so that such use may be reported if required.
    • Providing a gift or political contribution of Duke Energy funds, property or services to any federal public official or their staff, where permitted. All approved expenditures (e.g. gifts, lobbying activities, etc) involving a federal official in any way must be paid using the "Process" of FGA in the accounting chartfield, and are required to be tracked and recorded. Company gifts and contributions may be publicly disclosed in reports that are available on various federal websites.
    • Sponsoring an event, on behalf of Duke Energy, where a federal public official is an honoree. To the extent such prior approval has been granted, all time and expenses associated with the use of Company resources must be documented so that such use may be reported if required.
    • Providing Duke Energy funds for contributions to federal 527 organizations.
  11. Notwithstanding Sections 9 and 10 above, directors of Duke Energy Corporation need only obtain written approval from the Chief Legal Officer, prior to:
    • Using the "Duke Energy" name and logo in support of any federal, state or local political candidate, issue or activity.
    • Contacting, on behalf of Duke Energy, any federal, state or local government personnel for the purpose of influencing federal, state or local legislation or regulations.
    • Using Company resources not in violation of federal, state or local election laws as determined by the Company's legal counsel, including directors', employees' or agents' time during work hours, copy machines, computers, telephones and other forms of Company property to perform federal, state or local political activities. To the extent such prior approval has been granted, all time and expenses associated with the use of Company resources must be documented so that such use may be reported if required.
    • Providing a gift or political contribution of Duke Energy funds, property or services to any federal, state or local public official or their staff, where permitted. All approved expenditures (e.g. gifts, lobbying activities, etc) involving a federal official in any way must be paid using the "Process" of FGA in the accounting chartfield, and are required to be tracked and recorded. Company gifts and contributions may be publicly disclosed in reports that are available on various federal, state and local websites.
    • Sponsoring an event, on behalf of Duke Energy, where a federal, state or local public official is an honoree. To the extent such prior approval has been granted, all time and expenses associated with the use of Company resources must be documented so that such use may be reported if required.
    • Providing Duke Energy funds for contributions to any federal, state or local 527 organizations.
  12. Directors, employees and agents must provide written notice to the Duke Energy Chief Government Affairs Officer prior to campaigning for, or serving in, federal public office. In addition, employees must notify their supervisor; and agents must notify their primary Duke Energy contact person.
  13. Directors, employees and agents must provide written notice to the appropriate State Government Affairs representative prior to campaigning for, or serving in, state or local public office. In addition, employees must notify their supervisor; and agents must notify their primary Duke Energy contact person.
  14. Notwithstanding Sections 12 and 13 above, directors of Duke Energy Corporation need only provide written notice to the Chief Legal Officer, prior to campaigning for, or serving in, federal, state or local public office.

     

2. Roles and Responsibilities

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 industrial interests.

Duke Energy is active in various chambers of commerce as a means to promote economic health in the jurisdictions in which it does 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, on balance, the Company receives more benefit than detriment from these memberships.

Duke Energy Political Action Committee:
DUKEPAC1 is a voluntary, nonpartisan political action committee that is available to directors, eligible-employees and shareholders that:

  • Encourages awareness of and participation in the political process.
  • Makes contributions to qualified federal, state and local candidates running for public office in accordance with applicable Law.

Federal law permits lawful administrative support of DUKEPAC from Duke Energy. DUKEPAC contributions are publicly disclosed to various federal and state election commissions.

Stakeholder Advocacy:
The Chief Government Affairs Officer, or his or her designee, may ask directors, employees, customers and others to contact state or federal legislators regarding issues important to the Company. Such requests generally will include background information about the issue, its importance to the business and a suggested message to legislators; however, any contacts are strictly voluntary.

3. Related Documents

_______________________
1DUKEPAC, Duke Energy's political action committee, is not within the purview of this Policy. DUKEPAC is subject to its own policies and procedures.