Duke Energy

Electric and natural gas company.

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Headquarters:
526 South Church St.
Charlotte, NC 28202
Employees: 18,000
CEO: James Rogers
Stock Symbol: DUK

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

Career Site

Duke Energy Corp., one of the largest electric power companies in the United States, supplies and delivers energy to approximately 4 million customers. The company has 35,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. In addition, Duke Energy has more than 4,000 megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company -- Crescent Resources LLC.

Duke reported revenues of $13.2 billion in 2008 and net income of $1.36 billion.

The company said it will freeze salaries this year for most employees.

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 February 6, 2009