Board of Directors

William Barnet III William Barnet III
Chairman, President and CEO, The Barnet Co. Inc.;
Chair, Finance and Risk Management Committee; Member, Nuclear Oversight Committee

Barnet joined Duke Energy’s board in 2005. He has been mayor of Spartanburg, S.C., since 2002. He serves on the board of directors of Bank of America and is a trustee of the Duke Endowment. Barnet was named to the South Carolina Business Hall of Fame in 2004.
   
G. Alex Bernhardt Sr. G. Alex Bernhardt Sr.
Chairman and CEO, Bernhardt Furniture Co.;
Member, Audit and Nuclear Oversight Committees

Bernhardt joined Duke Energy’s board in 1991. Besides leading the family business in Lenoir, N.C., he serves on the board of directors of Communities In Schools. He is director emeritus and past president of the American Furniture Manufacturers Association and past president of the International Home Furnishings Marketing Association.
   
Michael G. Browning Michael G. Browning
President and Chairman of the Board, Browning Investments Inc.;
Member, Compensation, Corporate Governance, and Finance and Risk Management Committees

Browning joined Cinergy’s board in 1994. He is a former director of PSI Energy. He is a member of the boards of directors of the Indianapolis Convention & Visitors Association and the Indianapolis Museum of Art. He serves on the St. Vincent Hospital and Health Care Center advisory board and on the Indiana Public Officers Compensation Commission.
   
Phillip R. Cox Phillip R. Cox
President and CEO, Cox Financial Corp.;
Chair, Audit Committee

Cox became a Cinergy director in 1994. He is a former director of Cincinnati Gas & Electric. He is chairman of the board of Cincinnati Bell. He is a board member of Touchstone Mutual Funds, The Timken Company and Diebold Inc. He also serves on the boards of the Cincinnati Business Committee and the University of Cincinnati.
   
Ann Maynard Gray Ann Maynard Gray
Former President, Diversified Publishing Group of ABC Inc.;
Lead Director; Chair, Corporate Governance Committee; Member, Compensation, and Finance and Risk Management Committees

Gray became a Duke Energy director in 1994. She has held a number of senior positions with American Broadcasting Companies, including senior vice president of finance, treasurer and vice president of planning. She serves on the boards of the Phoenix Companies and Elan Corp. plc, and she is a past member of the board of trustees of J.P. Morgan Funds.
   
James H. Hance Jr. James H. Hance Jr.
Retired Vice Chairman, Chief Financial Officer and Board Member, Bank of America;
Chair, Compensation Committee; Member, Finance and Risk Management Committee

Hance joined Duke Energy’s board in 2005. A certified public accountant, he spent 17 years with Price Waterhouse. He serves on the boards of directors for Sprint Nextel Corp., Cousins Properties Inc. and Rayonier Corp. He is a trustee of Washington University and of Johnson & Wales University.
   
James T. Rhodes James T. Rhodes
Retired Chairman, President and CEO, Institute of Nuclear Power Operations (INPO);
Chair, Nuclear Oversight Committee; Member, Audit Committee

Rhodes became a director of Duke Energy in 2001. A former president and CEO of Virginia Power, he is a member of the Electric Power Research Institute’s advisory council. Rhodes is a former board member of INPO, the Nuclear Energy Institute, Virginia Electric and Power Co., Dominion Resources Inc., Edison Electric Institute, the Southeastern Electric Exchange and NationsBank N .A.
   
James E. Rogers James E. Rogers
Chairman, President and CEO, Duke Energy
Rogers became chairman of Duke Energy in 2007. He was chairman and CEO of Cinergy prior to its merger with Duke Energy. Rogers is chairman and serves on the Executive Committee of the Edison Electric Institute. He is a director of Fifth Third Bancorp and Cigna Corp. He is a member of the boards of directors of the Nuclear Energy Institute, the Institute of Nuclear Power Operations, the Alliance to Save Energy, the National Coal Council and the Nicholas Institute for Environmental Policy Solutions.
   
Mary L. Schapiro Mary L. Schapiro
Chairman and CEO, National Association of Securities Dealers (NASD);
Member, Audit and Corporate Governance Committees

Schapiro became a Cinergy director in 1999. She is a member of the board of governors of NASD, the world’s largest private-sector securities regulator. Previously, as chairman of the Commodity Futures Trading Commission, she participated in the President’s Working Group on Financial Markets. She also served as a commissioner on the Securities and Exchange Commission for six years. She currently serves on the board of directors of Kraft Foods Inc. and the board of trustees of Franklin and Marshall College.
   
Dudley S. Taft Dudley S. Taft
President and CEO, Taft Broadcasting Co.;
Member, Compensation and Nuclear Oversight Committees

Taft served on Cinergy’s board beginning in 1994 and was a director of Cincinnati Gas & Electric from 1985 until 1995. He serves on the boards of the Unifi Mutual Holding Co., Fifth Third Bancorp and Tribune Co. He is chairman of the Cincinnati Association for the Arts and a trustee of Boys and Girls Clubs of Greater Cincinnati.