Economic Indicators
Economic Indicators
Our success as a company is linked to the success of the communities we serve and to our employees.
G4
|
TOPIC |
RESPONSE |
---|---|---|
EU6 |
Approach to ensure short and long-term electricity availability and reliability |
We address availability and reliability in our Integrated Resource Plans that are submitted to state regulatory agencies. Please see this sample Integrated Resource Plan. |
EU7 |
Demand-side management programs |
Demand-side management programs are specific to each state and are contingent on approvals from state utility commissions. The programs available in each state are described on the Duke Energy web site. They are also discussed in general in our Form 10-K filed with the Securities and Exchange Commission. (Enter energy efficiency in the search box.) |
EU8 |
Research and development activity |
Our technology development group focuses on emerging technologies that have the potential to create opportunities for Duke Energy and impact Duke Energy's business. They also coordinate much of our research and development through programs administered by the Electric Power Research Institute, the U.S. Department of Energy and other organizations. |
EU9 |
Provisions to decommission nuclear power sites |
See our Form 10-K filed with the Securities and Exchange Commission. A search on decommissioning will yield numerous results. |
Economic Performance |
||
G4-EC1 |
Financial performance |
See our Sustainability Report and our Annual Report and Form 10-K for detailed information. |
G4-EC2 |
Financial implications of climate change |
See Advancing Low-Carbon Technologies and our responses to the Carbon Disclosure Project. Also see our Form 10-K filed with the Securities and Exchange Commission (search on carbon for multiple references). |
G4-EC3 |
Defined employee benefit plan obligations |
See our Form 10-K filed with the Securities and Exchange Commission (search on defined benefit for multiple references). |
G4-EC4 |
Financial assistance from government |
We do not centrally track the annual accrual of tax credits, subsidies and other incentives from our many governmental entities. |
Market Presence |
||
G4-EC5 |
Entry level wages |
Duke Energy's lowest entry level wage is $14.50 per hour for U.S. employees. The Federal minimum wage is $7.25 per hour. Minimum wage for federal contractors is $10.60 per hour. |
G4-EC6 |
Procedure for local hiring, & percent of local senior management |
Hiring and promotion is based on merit, not whether the candidate is from a particular locality. |
Indirect Economic Impacts |
||
G4-EC7 |
Development and impact of infrastructure investments and services supported |
We help strengthen our communities through economic development initiatives and financial support. See the Customers section of our Sustainability Report, where we describe how Duke Energy improves the lives of our customers and vitality of our communities. |
G4-EC8 |
Indirect economic impacts |
See Economic Development in our Sustainability Report, and G4-EC7. |
G4-EC9 |
Percent of local spending for supplies |
Duke Energy buys more than $13.5 billion of goods and services each year; of that about $4 billion is spent with local suppliers. |
EU10 |
Planned capacity and projected demand |
We address planned capacity and projected demand in our Integrated Resource Plans that are submitted to state regulatory agencies. Please see this sample Integrated Resource Plan. |
EU11 |
Average thermal plant efficiency |
2019 fleet efficiencies were as follows:
|
EU12 |
Transmission and distribution losses |
Our transmission and distribution losses are consistent with averages reported by other utilities, but the methodology for calculating these losses is inconsistent across the industry. Because of this inconsistency, the Electric Power Research Institute (EPRI) as part of Program 172 (Efficient Transmission and Distribution Systems for a Low Carbon Future) has released a Distribution System Losses Calculation Tool. We use the new EPRI methodology and a variety of other tools to conduct loss surveys on portions of our system on a periodic basis. Transmission losses are approximately 1.8 percent, and distribution losses are approximately 2.5 percent. |
G4
|
TOPIC |
RESPONSE |
---|---|---|
EU6 |
Approach to ensure short and long-term electricity availability and reliability |
We address availability and reliability in our Integrated Resource Plans that are submitted to state regulatory agencies. Please see this sample Integrated Resource Plan. |
EU7 |
Demand-side management programs |
Demand-side management programs are specific to each state and are contingent on approvals from state utility commissions. The programs available in each state are described on the Duke Energy web site. They are also discussed in general in our Form 10-K filed with the Securities and Exchange Commission. (Enter energy efficiency in the search box.) |
EU8 |
Research and development activity |
Our technology development group focuses on emerging technologies that have the potential to create opportunities for Duke Energy and impact Duke Energy's business. They also coordinate much of our research and development through programs administered by the Electric Power Research Institute, the U.S. Department of Energy and other organizations. |
EU9 |
Provisions to decommission nuclear power sites |
See our Form 10-K filed with the Securities and Exchange Commission. A search on decommissioning will yield numerous results. |
Economic Performance |
||
G4-EC1 |
Financial performance |
See our Sustainability Report and our Annual Report and Form 10-K for detailed information. |
G4-EC2 |
Financial implications of climate change |
See Advancing Low-Carbon Technologies and our responses to the Carbon Disclosure Project. Also see our Form 10-K filed with the Securities and Exchange Commission (search on carbon for multiple references). |
G4-EC3 |
Defined employee benefit plan obligations |
See our Form 10-K filed with the Securities and Exchange Commission (search on defined benefit for multiple references). |
G4-EC4 |
Financial assistance from government |
We do not centrally track the annual accrual of tax credits, subsidies and other incentives from our many governmental entities. |
Market Presence |
||
G4-EC5 |
Entry level wages |
Duke Energy's lowest entry level wage is $14.50 per hour for U.S. employees. The Federal minimum wage is $7.25 per hour. Minimum wage for federal contractors is $10.60 per hour. |
G4-EC6 |
Procedure for local hiring, & percent of local senior management |
Hiring and promotion is based on merit, not whether the candidate is from a particular locality. |
Indirect Economic Impacts |
||
G4-EC7 |
Development and impact of infrastructure investments and services supported |
We help strengthen our communities through economic development initiatives and financial support. See the Customers section of our Sustainability Report, where we describe how Duke Energy improves the lives of our customers and vitality of our communities. |
G4-EC8 |
Indirect economic impacts |
See Economic Development in our Sustainability Report, and G4-EC7. |
G4-EC9 |
Percent of local spending for supplies |
Duke Energy buys more than $13.5 billion of goods and services each year; of that about $4 billion is spent with local suppliers. |
EU10 |
Planned capacity and projected demand |
We address planned capacity and projected demand in our Integrated Resource Plans that are submitted to state regulatory agencies. Please see this sample Integrated Resource Plan. |
EU11 |
Average thermal plant efficiency |
2019 fleet efficiencies were as follows:
|
EU12 |
Transmission and distribution losses |
Our transmission and distribution losses are consistent with averages reported by other utilities, but the methodology for calculating these losses is inconsistent across the industry. Because of this inconsistency, the Electric Power Research Institute (EPRI) as part of Program 172 (Efficient Transmission and Distribution Systems for a Low Carbon Future) has released a Distribution System Losses Calculation Tool. We use the new EPRI methodology and a variety of other tools to conduct loss surveys on portions of our system on a periodic basis. Transmission losses are approximately 1.8 percent, and distribution losses are approximately 2.5 percent. |