DUKE ENERGY CEO SAYS COMPANY FOCUSED ON LONG-TERM INVESTOR
Anderson, who became Duke Energy CEO last November, made his comments before 300 shareholders at the company’s annual meeting in
In addressing shareholders,
“We didn’t listen to the analysts and the hedge funds and the day traders – we listened to our long-term investors,” he said. “We decided to maintain the dividend at $1.10 per share and concentrate on producing reliable income for our shareholders.”
As for the future,
“I can sum it up by saying we’ve turned the corner,” he said. “Momentum is working for us, instead of against us.”
President and Chief Operating Officer Fred Fowler echoed those thoughts as he briefly discussed each of Duke Energy’s business units – Duke Power, Duke Energy Gas Transmission, Field Services, Crescent Resources and Duke Energy Americas.
Fowler said that despite disappointing results from the merchant energy division, other Duke Energy’s business units are strong and primed to execute on their individual strategies.
“We have a 100-year record of operational excellence at Duke Energy,” he said. “This company and its employees have proven they can execute – whether it is building a power plant, constructing a pipeline or building an office complex.”
A shareholder proposal calling for the annual election of board members passed as well.
“We will abide by the will of the shareholders, and as chairman of the board of directors, I will work with the board to make sure those steps are taken,” he said.
DUKE ENERGY ANNUAL MEETING VOTING RESULTS
Proposal 1– Election of Directors
Proposal 2– Approval of Auditors
Proposal 3– Approval for annual election of directors
Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in
This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although Duke Energy believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are discussed in Duke Energy’s filings with the Securities and Exchange Commission.