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Management Team

DUKE POWER William A. Coley Group President, Duke Power E.O. Ferrell III Senior Vice President, Electric Distribution Jimmy R. Hicks Senior Vice President, Electric Transmission Sandra P. Meyer Senior Vice President, Retail Services Ellen T. Ruff Senior Vice President, Asset Management Angeline M. Clinton Vice President, Information Systems J. Wilfred Neal President, Duke Communication Services Deborah T. Patton Vice President, Human Resources Carol E. Shrum Vice President, Duke Power Planning and Finance Steven K. Young Vice President, Rates and Regulatory Affairs

ENERGY TRANSMISSION Fred J. Fowler Group President, Energy Transmission Jimmy W. Mogg Chairman, President and Chief Executive Officer, Duke Energy Field Services Robert B. Evans President, Duke Energy Gas Transmission Barry R. Pearl President and Chief Operating Officer, TEPPCO Dorothy M. Ables Senior Vice President, Finance and Administration, and Chief Financial Officer, Duke Energy Gas Transmission Theopolis Holeman Senior Vice President, Transmission and Engineering, Duke Energy Gas Transmission Richard J. Kruse Senior Vice President, Industry Initiatives, Pricing and Regulatory Affairs, Duke Energy Gas Transmission Tom C. O’Connor Senior Vice President, Marketing and Capacity Management, Duke Energy Gas Transmission

ENERGY SERVICES Harvey J. Padewer Group President, Energy Services James M. Donnell President and Chief Executive Officer, Duke Energy North America Jeff L. Faulk President and Chief Executive Officer, Duke/Fluor Daniel Clarence L. Ray, Jr. President and Chief Executive Officer, Duke Energy Generation Services Bruce A. Williamson President and Chief Executive Officer, Duke Energy Global Markets C. Neal Alexander, Jr. Senior Vice President, Human Resources Kirk B. Michael Senior Vice President and Chief Financial Officer Richard M. Sherrill Executive Vice President and Chief Operating Officer, Duke Energy North America Michael S. Tuckman Executive Vice President, Nuclear Generation Curtis H. Davis Senior Vice President, Power Generation Michael J. Kimner President and Chief Executive Officer, Duke Energy Merchants Richard K. McGee President and Chief Executive Officer, Duke Energy International

GENERAL COUNSEL Richard W. Blackburn Executive Vice President, General Counsel and Secretary Brent C. Bailey Senior Vice President and General Counsel William F. Hall III Senior Vice President, Energy Policy and Strategy Donald E. Hatley Senior Vice President, Governmental Affairs Martha B. Wyrsch Senior Vice President and General Counsel

FINANCE Robert P. Brace Executive Vice President and Chief Financial Officer Sue A. Becht Senior Vice President, Investor Relations Keith G. Butler Senior Vice President and Controller Cary D. Flynn Senior Vice President, Corporate Tax David L. Hauser Senior Vice President and Treasurer Jeffrey L. Boyer Vice President, Financial Analysis

ENTERPRISE RISK MANAGEMENT AND DUKE VENTURES Richard J. Osborne Executive Vice President and Chief Risk Officer Robert S. Lilien President, Duke Ventures Leonard B. Gatewood Senior Vice President, Strategic Planning and Development George V. Brown Vice President, Corporate Risk Management and Chief Credit Officer C. Jeffery Triplette Vice President, Insurance Sara S. Whitney Vice President, Audit Services A.R. Mullinax Senior Vice President, Duke Ventures Arthur W. Fields President, Crescent Resources, LLC Robert T. Ladd President and Chief Executive Officer, Duke Capital Partners, LLC Marion H. Smith, Jr. President and Chief Executive Officer, DukeNet Communications, LLC

CORPORATE RESOURCES Ruth G. Shaw Executive Vice President and Chief Administrative Officer Roberta B. Bowman Senior Vice President, Public Affairs Christopher C. Rolfe Senior Vice President, Human Resources Cecil O. Smith, Jr. Senior Vice President, Information Management James W. Chuber Vice President, Global Sourcing and Logistics Jacquelyn B. Gates Vice President, Diversity, Ethics and Compliance James R. Hendricks, Jr. Vice President, Corporate Environment, Health and Safety Donald H. Steele III Vice President, Corporate Services