Duke Energy CORP (Form: 8-K, Received: 12/05/2022 14:57:57)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 5, 2022

Commission file number	Registrant, State of Incorporation or Organization, Address of Principal Executive Offices and Telephone Number	IRS Employer Identification Number

1-32853	DUKE ENERGY CORPORATION	20-2777218

(a Delaware corporation)

550 South Tryon Street

Charlotte, North Carolina 28202-1803

704-382-3853

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value	DUK	New York Stock Exchange LLC

5.625% Junior Subordinated Debentures due September 15, 2078	DUKB	New York Stock Exchange LLC

Depositary Shares each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share	DUK PR A	New York Stock Exchange LLC

3.10% Senior Notes due 2028	DUK 28A	New York Stock Exchange

3.85% Senior Notes due 2034	DUK 34	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 5, 2022, Duke Energy Corporation (the “Corporation”) announced that Mr. Dhiaa M. Jamil, currently serving as the Corporation’s Executive Vice President and Chief Operating Officer, will retire midyear 2023. Effective January 1, 2023, certain of Mr. Jamil’s responsibilities will transition to several other executives, as described in Exhibit 99.1 attached hereto and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1	Press Release, dated December 5, 2022
104	Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	DUKE ENERGY CORPORATION

Date: December 5, 2022	By:	/s/ David S. Maltz
	Name:	David S. Maltz
	Title:	Vice President, Legal, Chief Governance Officer and Assistant Corporate Secretary

Exhibit 99.1

NEWS RELEASE

Media contact: Neil Nissan

24-Hour: 800.559.3853

Dec. 5, 2022

Duke Energy’s chief operating officer Dhiaa Jamil to retire in 2023

Chief Generation Officer Preston Gillespie to expand role and join Senior Management Committee

EVP Harry Sideris to add transmission organization to his responsibilities

CHARLOTTE, N.C. – Duke Energy (NYSE: DUK) today announced that Dhiaa Jamil, executive vice president and chief operating officer, will retire midyear 2023 after a career spanning more than 41 years at the company.

“Dhiaa is an exceptional leader and a trusted advisor who will leave behind a powerful legacy of safety and operational excellence at Duke Energy,” said Lynn Good, chair, president and CEO. “He has taken on many challenges during his career and turned them into catalysts for positive change at the company. There’s no better example than safety. Through his leadership, we improved safety performance dramatically and have led the industry in this important area for seven consecutive years.”

As chief operating officer, Jamil is responsible for the company’s generation fleet, transmission grid, major project management and construction, environment, health and safety, and other related support functions. Previously, he served as president of regulated generation and chief nuclear officer, where he was responsible for the largest regulated nuclear fleet in the country. Earlier in his career, he held various leadership roles at the Oconee, McGuire and Catawba nuclear stations, including station manager and site vice president.

Jamil’s service extends into the energy industry and the community. He currently serves on the board of directors for the Nuclear Energy Institute and chairs the University of North Carolina Charlotte Energy Production Infrastructure Center (EPIC) Advisory Board. His leadership and passion for education contributed to the development of EPIC, which has benefited the university and the Greater Charlotte region through research and the creation of a pipeline of highly trained engineers.

Jamil will remain chief operating officer until his retirement.

Duke Energy Corporation | P.O. Box 1009 | Charlotte, NC 28201-1009 | www.duke-energy.com

Duke Energy News Release

New appointments and organizational changes

To transition Jamil’s other responsibilities, effective Jan. 1, 2023:

Preston Gillespie will join the Senior Management Committee (SMC) as executive vice president, chief generation officer and enterprise operational excellence, with expanded responsibilities that include enterprise operational excellence, environmental, health and safety and coal combustion products. He will report to Good.

As chief generation officer, Gillespie works across the enterprise to integrate and advance Duke Energy’s generation strategy to support the company’s clean energy transition. During his 36 years with the company, he has held a variety of engineering and operations roles across generation, including operations shift manager, plant manager, site vice president and chief nuclear officer.

Harry Sideris, executive vice president, Customer Experience, Solutions and Services, will assume responsibility for the transmission organization in addition to his current duties. Modernizing the grid is key to delivering a clean, reliable and affordable energy future to customers, and consolidating distribution and transmission assets under the same organization will advance this effort.

“I’m extremely grateful for the many contributions Dhiaa has made to our company, communities and industry,” said Good. “We are fortunate to have a deep bench of experienced leaders – such as Preston and Harry – that we can draw upon as we continue to execute our clean energy transition.”

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people.

Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune’s 2022 “World’s Most Admired Companies” list and Forbes’ “World’s Best Employers” list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

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