Duke Energy targets earnings growth of 4 to 6 percent through 2015

Duke Energy News Release:


Duke Energy targets earnings growth of 4 to 6 percent through 2015

Feb. 28, 2013

CHARLOTTE, N.C. -
Duke Energy today initiated its 2013 adjusted diluted earnings per share (EPS) guidance range of between $4.20 and $4.45, and provided its long-term adjusted EPS growth objective of between 4 and 6 percent through 2015.

Results for 2013 will serve as the base year for the company’s long-term adjusted EPS growth because it is the first full year since Duke Energy completed its merger with Progress Energy.

These projections were provided today during the company’s meeting with analysts and investors in New York City.

“We have developed a record of consistently delivering on our operational and financial objectives,” said Jim Rogers, chairman, president and chief executive officer. “We have a strong foundation and a resilient game plan to succeed in a changing energy landscape.”

“Our 2013 guidance range reflects the potential variability in timing and outcomes from our pending rate cases and deferral requests, as well as our cost-based capacity filing in Ohio,” said Lynn Good, executive vice president and chief financial officer. “The year 2013 establishes an appropriate foundation for our future growth.”

A replay and transcript of the meeting is available by accessing the investors' section of the company’s website (http://www.duke-energy.com/investors/).

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 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.