CHARLOTTE, N.C. - Lloyd Yates, Duke Energy's executive vice president of customer operations, has been named to Black Enterprise Magazine's list of the "100 Most Powerful" black executives in corporate America.
The publication selected executives based on their contributions to company revenues, as well as management responsibility, budget authority, operating responsibility and influence in their respective companies and industries.
"Yates is responsible for the transmission, distribution, customer services, gas operations, and grid modernization functions for nearly 7.1 million electric customers and a half-million gas customers," Black Enterprise writes in its September issue. "A veteran of the (energy) industry, Yates was president and CEO of Progress Energy Carolinas before the company merged with Duke Energy in July. The new Duke Energy has more than $23 billion in revenues."
"This is a well-deserved honor for Lloyd," said Duke Energy CEO Jim Rogers. "Lloyd is a highly-respected professional in the energy industry and in our communities. His passion for customers and his strong connection with employees represent a forceful combination."
Yates has more than 30 years' experience in the energy industry, including nuclear and fossil generation, and energy delivery.
Prior to becoming president and CEO at Progress Energy Carolinas in 2007, he served as senior vice president of energy delivery and vice president of transmission. He joined Progress Energy predecessor, Carolina Power & Light, in 1998 as vice president of fossil generation.
Before joining Progress Energy, he worked for 16 years at Philadelphia-based PECO Energy.
Yates earned a bachelor's degree in mechanical engineering from the University of Pittsburgh and a master's degree in business administration from St. Joseph's University in Philadelphia. He attended the Advanced Management Program at the University of Pennsylvania Wharton School and the Executive Management Program at the Harvard Business School.
Duke Energy is the largest electric power holding company in the United States with more than $100 billion in total assets. Its regulated utility operations serve approximately 7.1 million electric customers located in six states in the Southeast and Midwest. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.
Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com.