Duke Energy names Kendal Bowman new North Carolina state president, succeeding Stephen De May

• Bowman will lead state and native regulatory and authorities relations, and group affairs

• De Might to retire after 33 years of service

CHARLOTTE, N.C. – Duke Vitality in the present day introduced that Kendal Bowman will change into North Carolina state president, efficient Jan. 1. She is going to succeed Stephen De Might, who’s retiring after 33 years with the corporate.

As president of Duke Vitality’s utility operations in North Carolina, the place the corporate has roughly 3.7 million electrical retail clients and 786,000 pure fuel clients, Bowman will likely be liable for the efficiency of Duke Vitality’s regulated utilities in North Carolina, together with main state and native regulatory and authorities relations, and group affairs. She can even handle continued efforts to have interaction and work with clients and stakeholders throughout many subjects, together with North Carolina’s clear vitality transition.

De Might has been with Duke Vitality since 1990 and has served as its North Carolina president since November 2018. Beforehand he was treasurer and senior vp of tax for Duke Vitality; throughout his 11 years as treasurer, he additionally led the company threat administration and investor relations features at numerous instances. Earlier he served as vp of vitality and environmental coverage, led the corporate’s enterprise unit finance and company finance teams, and was a director of the corporate’s former actual property improvement enterprise, Crescent Assets.

“All through his profession, Stephen has demonstrated an extraordinary dedication to our firm, our clients and our workers,” mentioned Lynn Good, Duke Vitality chair, president and CEO. “By means of his work, he constantly positioned Duke Vitality for achievement, whether or not via financing the corporate’s progress cost-effectively, advocating for our clients’ pursuits throughout federal tax reform, or advancing our clear vitality transition in North Carolina along with our many stakeholders. I wish to thank Stephen for his many contributions and I want him the perfect in his retirement.”

In her present function as vp of regulatory affairs and coverage for North Carolina, Bowman manages the corporate’s presence in all regulatory issues earlier than the North Carolina Utilities Fee (NCUC), together with the Carolinas Carbon Plan. She works carefully with policymakers and different stakeholders to seek out working, sustainable options to vitality coverage wants, offering management within the improvement and implementation of public coverage in one of the best curiosity of the purchasers and communities served by Duke Vitality.

“Kendal’s solutions-oriented strategy brings collectively various pursuits to realize productive outcomes for our state,” mentioned Julie Janson, govt vp and chief govt officer for Duke Vitality Carolinas. “Advancing the clear vitality transition would require steadfast collaboration and addressing challenges in new methods, and I’m thrilled Kendal will likely be on the helm for Duke Vitality in North Carolina.”

Earlier, Bowman served as deputy normal counsel for Duke Vitality, managing all authorized state regulatory features for North Carolina. Previous to that, she was affiliate normal counsel for Progress Vitality in North Carolina and South Carolina. She beforehand led the federal authorized regulatory affairs group and was liable for all Federal Vitality Regulatory Fee (FERC) issues for Progress Vitality Carolinas and Progress Vitality Florida. She has been with the corporate since 1999.

Bowman, 50, at the moment serves on the North Carolina Vitality Coverage Council and serves on the board of administrators for Superior Vitality Corp. A local of Clarksville, Va., she earned a bachelor’s diploma in psychology from the College of Virginia and a regulation diploma from Stetson College.

Duke Vitality

Duke Vitality (NYSE: DUK), a Fortune 150 firm headquartered in Charlotte, N.C., is considered one of America’s largest vitality holding firms. Its electrical utilities serve 8.2 million clients in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively personal 50,000 megawatts of vitality capability. Its pure fuel unit serves 1.6 million clients in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The corporate employs 28,000 folks.

Duke Vitality is executing an aggressive clear vitality transition to realize its objectives of net-zero methane emissions from its pure fuel enterprise by 2030 and net-zero carbon emissions from electrical energy technology by 2050. The corporate has interim carbon emission targets of at the least 50% discount from electrical technology by 2030, 50% for Scope 2 and sure Scope 3 upstream and downstream emissions by 2035, and 80% from electrical technology by 2040. As well as, the corporate is investing in main electrical grid enhancements and vitality storage, and exploring zero-emission energy technology applied sciences similar to hydrogen and superior nuclear. 

Duke Vitality was named to Fortune’s 2022 “World’s Most Admired Firms” record and Forbes’ “World’s Finest Employers” record. Extra data is offered at duke-energy.com. The Duke Vitality Information Middle comprises information releases, reality sheets, pictures and movies. Duke Vitality’s illumination options tales about folks, improvements, group subjects and environmental points. Comply with Duke Vitality on Twitter, LinkedIn, Instagram and Fb.

24-hour media line: 800.559.3853