Duke Energy's economic development team honored by Site Selection magazine

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CHARLOTTE, N.C. - The September edition of Site Selection magazine has named Duke Energy to its annual list of Top Utilities in Economic Development for 2014.

The magazine credits Duke Energy'’s economic development team and its successful collaboration with state and local partners for delivering more than $3 billion in capital investments and over 13,700 new jobs in during 2013.

Site Selection is a national trade publication read by corporate executives and site consultants who are responsible for choosing industry locations.

Duke Energy'’s approach to economic development is unique in the utility industry.

"“Two of the major components of successful industrial recruitment are competitive rates and outstanding customer service,"” said Stu Heishman, Duke Energy’s vice president of economic development. “"At Duke Energy, we have both.”"

Duke Energy'’s economic development team forges strategic relationships with key site selection consultants and targeted industries nationally and globally. This work has become even more important in light of the recovering economy and increasing competition among regions to attract business growth.

"“We have been very aggressive in forming a strategy around economic development with specific focus on site readiness and business recruiting,”" said Heishman. “"Our team is committed to the mission of adding capital investments and jobs in the communities across our six-state service area.”"

Site Selection named Duke Energy to its list of top utilities based on the following criteria: analysis of corporate end-user project activity in 2013 in the company's territory; website tools and data; survey input from site location decision-makers; innovative programs and incentives for business, including energy efficiency and renewable energy programs; and the utility's own job-creating infrastructure and facility investment trends.

To read the full article go to http://www.siteselection.com/issues/2014/sep/top-utilities.cfm

For more information on Duke Energy'’s Economic Development program please go to www.duke-energy.com.

Duke Energy

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.