July 24, 2014 4:55 PM ET

Electric Utilities

Company Overview of Duke Energy Ohio, Inc.

Company Overview

Duke Energy Ohio, Inc., together with its subsidiaries, operates as an electric and gas public utility company. The company operates in two segments, Regulated Utilities and Commercial Power. The Regulated Utilities segment transmits and distributes electricity in Ohio; generates, transmits, distributes, and sells electricity in Kentucky; and transports and sells natural gas in Ohio and Kentucky. This segment covers an area of 3,000 square miles and supplies electric service to 830,000 residential, commercial, and industrial customers over 19,500 miles of distribution lines, as well as a 2,500 mile transmission system in Ohio and Kentucky; operates 300 electric transmission and distribution ...

139 East Fourth Street

Cincinnati, OH 45202

United States

Founded in 1837

Phone:

704-382-3853

Key Executives for Duke Energy Ohio, Inc.

Chief Executive Officer and Director
Age: 54
Chief Financial Officer and Executive Vice President
Age: 55
President of US Franchised Electric & Gas and Chief Operating Officer of US Franchised Electric & Gas
Age: 54
President of Office of Nuclear Development
Age: 65
Chief Accounting Officer and Vice President
Age: 39
Compensation as of Fiscal Year 2014.

Duke Energy Ohio, Inc. Key Developments

Duke Energy Ohio, Inc. Announces Revenue Results for the Fourth Quarter and Full Year Ended December 31, 2013

Duke Energy Ohio, Inc. announced revenue results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total electric sales of $5,990 million against $5,774 million a year ago. For the year, the company reported total electric sales of $24,557 million against $24,344 million a year ago.

Duke Energy Ohio, Inc. Announces Unaudited Consolidated and Parent Earnings Results for the Nine Months Ended September 30, 2013; Announces Operating Results for the Nine Months Ended September 30, 2013

Duke Energy Ohio, Inc. announced unaudited consolidated and parent earnings results for the nine months ended September 30, 2013. For the period, on the parent basis, the company reported total operating revenues of $1,317 million against $1,291 million a year ago. Operating income was $235 million against $218 million a year ago. Income from continuing operations before income taxes was $192 million against $182 million a year ago. Total income was $122 million against $113 million a year ago. For the period, on the consolidated basis, the company reported total operating revenues of $2,377 million against $2,386 million a year ago. Operating income was $207 million against $275 million a year ago. Income before income taxes was $161 million against $218 million a year ago. Net income was $96 million against $133 million a year ago. For the period, the company reported total electric energy generation of 2,673 GWh against 2,195 GWh a year ago. Total sales were 18,567 GWh against 18,600 GWh a year ago.

Public Utilities Commission of Ohio Approves Partial Settlement with Duke Energy Ohio, Inc

On November 13, 2013, the Public Utilities Commission of Ohio approved the partial settlement filed on April 2, 2013 by Duke Energy Ohio, Inc. related to its gas distribution rate case filed in June 2012. PUCO approved the recovery of environmental remediation costs associated with two of the company's former manufactured gas plants (MGP). The order allows for the recovery of approximately $55 million of environmental remediation costs over a five-year period. In addition, the order results in no increase to gas distribution base rates and is based upon a return on equity of 9.84% and a 53.3% equity component of the capital structure.

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