Duke Energy Corporation Establishment of At-the-Market Program (with a Forward Component) to Sell Up to $1,000,000,000 of Common Stock

Hunton & Williams LLP advised Duke Energy Corporation (“Duke Energy” or the “Company”) in connection with the establishment of its at-the-market program to sell up to an aggregate sales price of $1,000,000,000 of shares of the Company’s common stock over a period of time and from time-to-time through either the sales agents or forward purchasers, who will, at the Company’s request, borrow from third parties.

Duke Energy, together with its subsidiaries, is a diversified energy company headquartered in Charlotte, North Carolina with both regulated and unregulated utility operations. Duke Energy conducts its business through three operating business segments.  Duke Energy’s electric utilities and infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.  Duke Energy’s gas utilities and infrastructure segment serves over 1.5 million customers, including more than 1 million customers located in North Carolina, South Carolina and Tennessee.   Duke Energy’s commercial renewables segment primarily acquires, builds, develops and operates wind and solar renewable generation throughout the continental United States, with utility-scale wind and solar generation assets totaling 2,900 megawatts across 14 states from 21 wind farms and 63 commercial solar farms.

The Hunton & Williams team included Peter O’Brien, Christina Kwon and Patrick Jamieson. Joseph Buonnano provided advice on the forward component.