| Management Approach |
Our success as a company is linked to the success of the communities we serve and to our employees. |
| INDICATOR |
TOPIC |
RESPONSE |
| Economic Performance |
| EC1 |
Financial performance |
See Financial Highlights |
| EC2 |
Financial implications of climate change |
See Global Climate Change and our responses to the Carbon Disclosure Project |
| EC3 |
Defined benefit plan obligations |
See Securities and Exchange Commission Form 10-K, page 59 and 157-168 |
| EC4 |
Financial assistance from government |
We do not track the annual accural of tax credits, subsidies and other incentives from our many governmental entities. |
| Market Presence |
| EC5 |
Entry level wages |
Lowest entry level wage in 2008 is $8.00 per hour for U.S. employees. Federal minimum wage is $5.85 per hour as of July 24, 2008. |
| EC6 |
Percent of local spending for supplies |
We do not track the geographic extent of our supply chain. To achieve economies of scale in our purchasing, we have entered into contracts with consolidatorsthat provide most of our miscellaneous office and administrative supplies. Due to the nature of our business, specialized materials needed for our generation, transmission and distribution services are obtained from a limited number of domestic and international manufacturers. |
| EC7 |
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 |
| EC8 |
Investments for local benefit |
Cash contributions and the value of volunteer time from the Duke Energy Foundation, Duke Energy Corporation, employees and volunteers totaled more than $31 million to communities and organizations in our service areas in 2007. See our 2007 Community Giving Summary for greater detail. |
| EC9 |
Indirect economic impacts |
Economic development partnerships in Indiana, Kentucky, Ohio, North Carolina and South Carolina resulted in the creation of approximately 15,270 jobs and more than $3.7 billion in capital investments in 2007. EC8, above, also relates to indirect impacts. |
