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Tyndall Joins Duke Energy as SVP, Federal Government and Regulatory Affairs April 09, 2009

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CHARLOTTE, N.C. -

Bill Tyndall has joined Duke Energy’s Strategy, Policy and Regulatory group as senior vice president, federal government and regulatory affairs.

He will report directly to Keith Trent, group executive and chief strategy, policy and regulatory officer.

"With energy policy and steering a course for the future high on the Obama administration's agenda, it is critically important for Duke Energy to continue its execution of a coordinated effort to evaluate policy and advocate positions that are important to our business, such as a cap-and-trade model to address climate change," Trent said. "Bill will reinforce and continue our efforts to ensure that we meet the changes – and challenges – in Washington with a clear message and a strong voice."

Tyndall worked for several years at Cinergy and has deep knowledge of the key business and policy issues facing Duke Energy. He served as vice president for corporate development and strategy, where he was responsible for mergers, acquisitions and divestitures as well as development of corporate growth initiatives.  Tyndall also served as vice president of environmental services and federal affairs, working closely with government regulators and testifying before Congress, state utility commissions and other government entities. In that role, he also served as a member of the Environmental Protection Agency's Clean Air Act Advisory Committee and wrote several articles on environmental issues facing the utility industry.

In 2006, Tyndall joined NatSource, a company that provides asset management, origination, and advisory and research services to companies required to reduce emissions. Tyndall was responsible for identifying new private equity investment opportunities in renewable energy, carbon abatement and management, pollution control, energy efficiency and related areas.

He brings expert knowledge of the cap-and-trade system, which will benefit Duke as the issue is debated in Washington. From 1995 to 1998, Tyndall served as the Minority Counsel to the House Committee on Energy and Commerce.  In this capacity, he counseled Congressman John Dingell and Chairman Henry Waxman (then ranking members) and other Democratic members of the Committee on issues involving the Clean Air Act and other environmental statutes. Tyndall also served as one of the key staff negotiators for the last major environmental bill to pass Congress, the Safe Drinking Water Act of 1996.

Duke Energy is the third largest electric power holding company in the United States, based on kilowatt-hour sales. Its regulated utility operations serve approximately 4 million customers located in five states – North Carolina, South Carolina, Indiana, Ohio and Kentucky -- representing a population of approximately 11 million people. Duke Energy’s commercial power and international business segments operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.


Contact: Duke Energy Contact: Tom Shiel
Phone: 704.382.2355
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