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Proxy Statement
Compensation


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Summary Compensation Table

summary table
  1. Mr. Padewer joined Duke Energy on January 1, 1999.
  2. Compensation amounts shown for Mr. Fowler for 1997 relate to the period from June 18, 1997, to December 31, 1997.
  3. Mr. Padewer's aggregate restricted stock holdings at December 31, 1999, were 7,500 shares, with a value on that date of $375,938. Dividends are paid on such shares. One fourth of the restricted stock award to Mr. Padewer (1,875 shares) vested on January 3, 2000. The remainder is to vest in three additional installments of 1,875 shares each on January 2, 2001, January 2, 2002, and January 2, 2003.
  4. All Other Compensation column includes the following for 1999:

    1. Matching contributions under the Duke Energy Retirement Savings Plan as follows: R.B. Priory, $9,600; H.J. Padewer, $7,900; W.A. Coley, $9,600; F.J. Fowler, $9,600; R.J. Osborne, $9,514.
    2. Make-whole matching contribution credits under the Duke Energy Executive Savings Plan as follows: R.B. Priory, $97,585; H.J. Padewer, $16,100; W.A. Coley, $23,550; F.J. Fowler, $27,806; R.J. Osborne, $25,291.
    3. Above-market interest earned on account balances in the Duke Energy Executive Savings Plan, Supplemental Account as follows: R.B. Priory, $11,587; H.J. Padewer, $0; W.A. Coley, $15,395; F.J. Fowler, $0; R.J. Osborne, $5,991.
    4. Economic value of life insurance coverage provided under life insurance plans as follows: R.B. Priory, $17,838; H.J. Padewer,$3,195; W.A. Coley, $4,918; F.J. Fowler, $3,059; R.J. Osborne, $1,955.
    5. The cost to Duke Energy of supplemental life insurance coverage under the Duke Energy Supplemental Insurance Plan asfollows: R.B. Priory, $11,252; H.J. Padewer, $0; W.A. Coley, $4,527; F.J. Fowler, $0; R.J. Osborne, $0.
    6. The economic benefit of split-dollar life insurance coverage pursuant to the Duke Energy Estate Conservation Plan as follows: R.B. Priory, $639; H.J. Padewer, $0; W.A. Coley, $440; F.J. Fowler, $0; R.J. Osborne, $0.
    7. Early payment of banked time benefit earned under benefits program at PanEnergy Corp as follows: F.J. Fowler, $49,476.
    8. Supplemental relocation payments made under Duke Energy's relocation policy as follows: H.J. Padewer $66,917.