Executive Profile

Paul M. Anderson B.S. (Mech. Eng.), M.B.A. Chairman of Duke Energy Corporation and Chief Executive Officer of Duke Energy Corporation, Duke Energy Carolinas, LLC

Age	Total Calculated Compensation	This person is connected to 3 Board Members in 3 different organizations across 12 different industries. See Board Relationships
61	--

Background

Mr. Paul M. Anderson, B.S. (Mech. Eng.), M.B.A. served as a Co-Chairman of the Board of Duke Energy Corporation, affiliate of Duke Energy Carolinas, LLC since November 1, 2003, Chairman from November 1, 2003 to January 1, 2007, Non-Executive Chairman of Gas Operations since January 1, 2007, Co-Chief Executive Officer since November 1, 2003 and Chief Executive Officer from November 1, 2003 to April 2006. Mr. Anderson served as the President and Chief Operating Officer ... of Duke Energy Corp. from 1997 to 1998. Prior to joining BHP, he has a career that spanned more than 20 years at Duke Energy and its predecessor companies. He served as the President and Chief Operating Officer of Charlotte N.C. based Duke from 1997 to 1998. He served as the Chief Executive Officer and Managing Director of BHP Limited from December 1998 to June 2001 and BHP Billiton Limited and BHP Billiton Plc from June 2001 to July 2002. Mr. Anderson served as the Chairman of PanEnergy Corp., from April 1995 to 1997, Chief Executive Officer since April 1995 and President from December 1993 to 1977. Prior to joining PanEnergy Corp., Mr. Anderson served as Planning Manager of Ford Motor Company from 1972 to 1977, where he held various positions in marketing, product engineering, finance and manufacturing from 1969 to 1972. He served as an Executive Vice President of Panhandle Eastern Corp., from March 1991 to December 1993 and Chief Executive Officer and President of Panhandle Eastern Pipe Line Company (PEPL) from April 1991 to January 1994. He served as Vice President of Finance and Chief Financial Officer of Inland Steel Industries Inc., from 1990 to 1991. He was General Partner of TEPPCO Partners LP and also served for Petrolane Partners LP. Mr. Anderson served as an Advisory Director for Temple Inland Inc., since 1998. Mr. Anderson served as a Non-Executive Chairman of Spectra Energy Corp. from 2007 to May 7, 2009. He served as the Chairman of Panhandle Eastern Pipe Line Company (PEPL) since January 1994 and Texas Eastern Transmission Corporation (TETCO) since January 1994. He has been a Non-Executive Director of BP plc since February 1, 2010, BP Zambia plc since February 1, 2010 and BAE Systems plc since October 8, 2009. He served as a Member of Advisory Board at Spectra Energy Corp. He served as a Director of Fluor Corporation from March 2003 to October 2003, Temple-Inland Inc., from February 2002 to May 7, 2004, Duke Energy Corporation from 2003 to January 2, 2007 and Spectra Energy Corp from 2006 to May 1, 2012. He served as an Independent Non-Executive Director of Qantas Airways Ltd. from September 2, 2002 to April 16, 2008 and BHP Billiton PLC from June 6, 2006 to January 31, 2010. Mr. Anderson served as a Non Executive Director of BHP Billiton Ltd. from June 6, 2006 to February 2, 2010. He served as a Director of PanEnergy Corp. since December 1992. He served as a Director of BHP Billiton Group, Kerr-McGee Corporation, Baker Hughes Incorporated and Texas Eastern Products Pipeline Company (TEPPCO), a wholly-owned subsidiary of PanEnergy Corp. He served as a Director of PEPL since 1991 and TETCO since April 1991. He is Global Counselor for The Conference Board, New York. He is a Vice President and Director of the Business Council of Australia. He is a Member of the US President's Council of Advisors on Science and Technology. In May 2004, he was granted the title of Adjunct Professor in Global Sustainability at RMIT University in Melbourne, Victoria, Australia. Mr. Anderson received a Master's in Business Administration from Stanford University and a Bachelor of Science Degree in Mechanical Engineering from the University of Washington.

Corporate Headquarters 526 South Church Street Charlotte, North Carolina 28202-1803 United States Phone: 704-594-6200 Fax: -- Board Members Memberships Former Director and Member of Sustainability Committee BHP Billiton Group 1992-N/A Former Chief Executive Officer, President, Director, President of Duke Energy and Chief Operating Officer of Duke Energy PanEnergy Corp. 2002-2004 Former Director Temple-Inland Inc. 2002-2008 Former Independent Non-Executive Director and Member of Remuneration Committee Qantas Airways Limited 2003-2007 Former Chairman Duke Energy Corporation 2003-N/A Former Director Fluor Corporation 2006-2010 Former Non-Executive Director, Member of Sustainability Committee and Non Executive Director of BHP Billiton Plc BHP Billiton Limited 2006-2012 Former Director Spectra Energy Corp. 2006-2010 Former Independent Non-Executive Director, Member of Sustainability Committee and Non-Executive Director of BHP Billiton Limited BHP Billiton plc 2009-Present Non Executive Director, Chairman of Corporate Responsibility Committee and Member of Nominations Committee BAE Systems plc 2010-Present Non-Executive Director, Chairman of Safety, Ethics & Environment Assurance Committee, Member of Chairmans Committee, Member of Gulf of Mexico Committee and Member of Nomination Committee BP plc Education MBA Stanford University BS University of Washington Other Affiliations Stanford University BHP Billiton Limited Duke Energy Corporation PanEnergy Corp. Temple-Inland Inc. BP plc Spectra Energy Corp. Fluor Corporation BAE Systems plc Qantas Airways Limited BHP Billiton plc University of Washington Stanford Graduate School of Business BHP Billiton Group

Annual Compensation There is no Annual Compensation data available. Stocks Options There is no Stock Options data available. Total Compensation There is no Total Compensation data available.

COMPETITOR COMPENSATION

There is no Competitor Compensation data available.