Duke Energy designates Yoho to lead Natural Gas Operations upon completion of the Piedmont acquisition

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CHARLOTTE, N.C. --Duke Energy today designated Frank Yoho to lead its natural gas operations when the company's acquisition of Piedmont Natural Gas closes, expected by the end of 2016 after the necessary regulatory and shareholder approvals are received.

He will report to Duke Energy President, CEO and Chairman Lynn Good, and be a member of the company's senior management committee.

Yoho currently serves as Piedmont Natural Gas' senior vice president and chief commercial officer.

"Frank has played a key role in developing Piedmont into one of the nation's premier natural gas distribution operators and growing its interstate pipeline business," said Good. "We look forward to welcoming him to our team once the transaction closes."

Yoho will lead all of Duke Energy's natural gas operations in the Carolinas, Tennessee, Ohio and Kentucky. As originally announced, Piedmont Natural Gas will retain its name and operate as a business unit of Duke Energy. 

Yoho, 56, joined Piedmont Natural Gas in 2002 and is responsible for sales and marketing, transportation services, supply planning, gas supply, wholesale marketing and customer service.

Prior to joining Piedmont, he was vice president, business development for CT Communications, and senior vice president of marketing and gas supply for the former Public Service Company of North Carolina, now a division of SCANA Corporation. 

Yoho received an MBA from Ohio State University and a bachelor's degree in economics from Washington and Jefferson College. He serves as chairman of the board of directors of the Southern Gas Association and also serves on the advisory board of UNC-Charlotte's Energy Production and Infrastructure Center (EPIC).

About Duke Energy 
Duke Energy is the largest electric power holding company in the United States. Its regulated utility operations serve approximately 7.3 million electric customers located in six states in the Southeast and Midwest, representing a population of approximately 23 million people. Its Commercial Portfolio 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 duke-energy.com

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Contact: Tom Williams
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