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Duke Energy

Electric and natural gas company.

Headquarters:
526 South Church St.
Charlotte, NC 28202
Employees: 18,440
CEO: James Rogers
Stock Symbol: DUK

Website: http://www.duke-energy.com

Career Site

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.

The company has 35,000 megawatts of electric generating capacity in the Carolinas and the Midwest, and natural gas distribution services in Ohio and Kentucky.

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.

Duke reported revenues of $14.2 billion in 2010, up from $12.7 billion, and net income of $1.32 billion.

“Weather grabbed the headlines in 2010, but the real story was the performance of our employees,” said James Rogers, chairman, president and chief executive officer. “We consistently delivered strong operational and financial results during the year.

History

Duke Energy's roots began in 1904 when the Catawba Hydro Station opened in South Carolina, harnessing the water power of the Catawba River to provide electricity to the area's emerging textile industry. This would become the first plant of Duke Power, which was founded by James Buchanan Duke, Dr. W. Gill Wylie and William States Lee.

The company merged with Cinergy in 2006 and spun off Spectra Energy as a separate company on January 2, 2007.

Benefits

The following benefits are offered, which may vary by unit and location:

Medical Plan
Choose from at least three options for the coverage you need. All plans include prescription drug coverage.
Dental Plan
Coverage includes preventive, basic and major restorative care, as well as orthodontia.
Spending Accounts
Before-tax dollars help cover eligible health care expenses and dependent care expenses.
Retirement Cash Balance Plan
Paid for by the company, this plan provides a steady build-up of retirement benefits for eligible participants.
Retirement Savings Plan
Save and invest a percentage of your eligible pay on a before- and/or after-tax basis. You can invest the savings in a variety of investment options. The company matches a percentage of your eligible pay saved on a before-tax basis.
Long-Term Care (LTC) Insurance
You may purchase LTC insurance coverage for yourself and your spouse; your parents and your in-laws may also apply for coverage.
Life and Accident Insurance
Protect yourself and your covered dependents from financial hardship in the event of your accidental death or injury.
Long Term Disability Insurance
All or a portion of your pay continues during long-term illnesses and/or disabilities.
Other Benefits
- Sick Leave
- Paid holidays and vacation
- Authorized leaves of absence (family, medical, personal, military, funeral and jury duty)
- Education programs
- Recognition and rewards

Updated July 9, 2011