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# Duke Energy: Meeting the moment

Brian Savoy, Chief Financial Officer Duke Energy

Transcript: Duke Energy: Meeting the moment

Brian Savoy:

I truly believe we're in a once in a generation build cycle in the energy industry. I would mirror it back to when we electrified the Southeast, when Duke Energy was created in 1904. We're rebuilding that entire system, but not over 80 years. We're doing it over a decade.

[text on screen: Meeting the moment]

[text on screen over establishing shots of Charlotte/Duke Energy:

Duke Energy

Headquarters: Charlotte, NC

26,000 employees

Market cap: $95 billion]

Brian Savoy:

We're seeing just remarkable growth

[Lower Third: Brian Savoy, Chief Financial Officer, Duke Energy]

We're investing $200 billion over the next decade to modernise the system and expand the capabilities to serve this growing load.

[text on screen:

$1.1 Trillion

Forecasted US utility capital investment for rising demand from data centers and electrification

Sources: Bloomberg/Edison Electric Institute]

Brian Savoy: Every morning I’m thinking, Where’s the next best dollar going? How can it improve the customer experience, how can it lower costs for customers?

Aaron Smith:

[Lower Third: Aaron D. Smith, Group Head, Energy & Power, WF Corporate & Investment Banking]

We cover the entire energy and power landscape, oil and gas, midstream, utilities, renewables and energy transition.

The relationship between WF and Duke Energy is a holistic one. We’re the lead admin agent on their $10 billion credit facility. We’ve raised tens of billions across the capital markets. It’s built on bringing our best strategic thinking to the relationship.

[text on screen: $10 billion credit facility]

Brian Savoy:

And on the strategic front, Wells was our lead advisor on our commercial renewables exit.

Aaron Smith:

That divestiture was a tough one. Interest rates were rising. It was our advice to push forward with divesting of the business, and they sold it for almost $3 billion and reinvested into their utility business.

[text on screen: $2.8 billion Commercial Renewables Sale]

Brian Savoy:

They've seen us through the good times and the bad. In the 2024 hurricanes that affected our customers in a huge way and devastated the Carolinas and a lot of Florida. Wells was there for us.

Aaron Smith:

I called Brian and the CEO and I told him, Whatever it is you need, whether it's in the community, whether it's capital support that we would be there for them.

Brian Savoy:

Our massive capital plan is estimated to have a $370 billion impact and create 170,000 jobs annually. Not only are we delivering power for our customers, we’re also igniting the communities we serve.

Close with music

Sponsored by WF Corporate & Investment Banking

The Next Horizon

Duke Energy

bloomberg.com/thenexthorizon

WF Corporate & Investment Banking (CIB) and WF Securities (WFS) are the trade names used for the corporate banking, capital markets, and investment banking services of WF & Company and its subsidiaries, including but not limited to WF Securities, LLC, member of NYSE, FINRA, NFA, and SIPC, WF Prime Services, LLC, member of FINRA, NFA and SIPC, and WF Bank, N.A., member NFA and swap dealer registered with the CFTC and security-based swap dealer registered with the SEC, member FDIC. WF Securities, LLC and WF Prime Services, LLC, are distinct entities from affiliated banks and thrifts. © 2025 WF & Company.

[endit]

The United States is at the cusp of a new industrial revolution as a result of AI and advanced manufacturing, but this transformation depends on secure, reliable and affordable energy. Learn how Duke Energy's $200 billion in grid modernization and new generation investments will deliver value for customers, communities and shareholders, while advancing the nation's growth aspirations.

### Our relationship is a holistic one

Transcript: Our relationship is a holistic one

Brian Savoy:

I truly believe were in a once-in-a-generation build cycle in the energy industry.

[Lower Third: Brian Savoy, Chief Financial Officer, Duke Energy]

At Duke Energy, we’re rebuilding the entire system, not over 80 years—but over a decade.

We're investing $200 billion over the next decade to modernize the system and expand capabilities for AI, advanced manufacturing, and to serve population growth.

Brian Savoy:

Our massive capital plan is estimated to have a $370 billion impact.

Brian Savoy: Not only are we delivering power for our customers, we're also igniting the communities we serve.

Close with music

Sponsored by WF Corporate & Investment Banking

The Next Horizon

Duke Energy

bloomberg.com/thenexthorizon

WF Corporate & Investment Banking (CIB) and WF Securities (WFS) are the trade names used for the corporate banking, capital markets, and investment banking services of WF & Company and its subsidiaries, including but not limited to WF Securities, LLC, member of NYSE, FINRA, NFA, and SIPC, WF Prime Services, LLC, member of FINRA, NFA and SIPC, and WF Bank, N.A., member NFA and swap dealer registered with the CFTC and security-based swap dealer registered with the SEC, member FDIC. WF Securities, LLC and WF Prime Services, LLC, are distinct entities from affiliated banks and thrifts. © 2025 WF & Company.

Brian Savoy, Chief Financial Officer Duke Energy

### Delivering power for our customers

Transcript: Delivering power for our customers

Aaron Smith:

[Lower Third: Aaron D. Smith, Group Head, Energy & Power, WF Corporate & Investment Banking]

At WF, we cover the entire energy and power landscape: oil and gas, midstream, utilities, renewables, and energy transition.

Our relationship with Duke Energy is a holistic one.

We’re the lead admin agent on their $10 billion credit facility. We’ve raised tens of billions of dollars in all of the capital markets, it’s built on bringing our best strategic thinking to the relationship.

I’ve covered the energy industry for over 20 years. What’s facing the broader energy and power industry right now is really exciting.

Close with music

Sponsored by WF Corporate & Investment Banking

The Next Horizon

Duke Energy

bloomberg.com/thenexthorizon

WF Corporate & Investment Banking (CIB) and WF Securities (WFS) are the trade names used for the corporate banking, capital markets, and investment banking services of WF & Company and its subsidiaries, including but not limited to WF Securities, LLC, member of NYSE, FINRA, NFA, and SIPC, WF Prime Services, LLC, member of FINRA, NFA and SIPC, and WF Bank, N.A., member NFA and swap dealer registered with the CFTC and security-based swap dealer registered with the SEC, member FDIC. WF Securities, LLC and WF Prime Services, LLC, are distinct entities from affiliated banks and thrifts. © 2025 WF & Company.

Aaron D. Smith, Group Head Energy & Power; WF Corporate & Investment Banking

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