The Quebec Electricity Industry and its Markets The

The Quebec Electricity Industry and its Markets – The United States Colloque sur l’industrie électrique du Québec et ses marché – Les États-Unis Dicken’s World of Renewables Greg Wolf, President- Duke Energy Renewables March 20, 2013

Duke Energy § A regulated electric and gas utility serving 7. 1 million customers in six states § Headquartered in Charlotte, NC § 150+ years of service § A Fortune 250 company; NYSE listed (DUK) § 29, 250 employees § 58 GW of generating capacity § $100 B of assets § Merger with Progress Energy completed in July 2012 2

Duke Energy – Business Structure U. S. Electric & Gas Utilities Carolinas Florida Commercial Businesses Transmissi on Renewable s Indiana Kentucky d Ohio r Midwest Generatio n International Win Sola 3

Duke Energy Renewables Today Campbell Hill Silver Sage San Jose and San Carlos (2) CA Hospitals (6) Cimarron II N. Allegheny Ironwood Prescott Valley Ajo Sweetwater Ocotillo Notrees Duke Energy Renewables --------- Wind (15) 1, 627 MW --------- Solar (14) Laurel Hill New Jersey (4) Bald Eagle Bellefonte Happy Jack Kit Carson Black Mountain Shirley Top of the World Blue Wing Murfreesb Taylorsvi oro Shelby lle Washingto n Martins Creek Holiness Wingate Murphy Farm Stanton Los Vientos I and II 4

U. S. Wind Market Today 5

U. S. Governmental Support PTC Energy Policy REIT MLP 6

Community Acceptance 7

Environmental 8

Energy Storage • Notrees Battery Storage Project • Other Technologies v Lithium-based solar integration v CAES v Holy Grail Time Horizon? Flow Batteries 9

Questions 10