Notice of Non-Renewal of Employment Agreement between Duke Energy Corporation and Frank H. Yoho

Summary

Duke Energy Corporation, through its Executive Vice President, has formally notified Frank H. Yoho that his Amended and Restated Employment Agreement, dated May 25, 2012, will not be renewed. The agreement will terminate one year from the date of this notice, in accordance with its terms. This letter serves as official notice under the agreement's provisions and confirms that Duke Energy generally does not offer employment agreements except in rare cases.

EX-10.67 5 duk-20161231x10kxexx1067.htm NON-RENEWAL OF EMPLOYMENT AGREEMENT BETWEEN DUK AND YOHO Exhibit

EXHIBIT 10.67

Melissa H. Anderson

EVP, Administration & CHRO

Duke Energy Corporation

550 South Tryon Street (DEC 48)

Charlotte, NC 28202

phone: 704 ###-###-####

fax: 980 ###-###-####

October 14, 2016

Mr. Frank H. Yoho

Duke Energy Corporation

4720 Piedmont Row Drive

Charlotte, NC 28210

Dear Frank:

As we previously discussed, Duke Energy does not provide employment agreements to its employees except under very limited circumstances. Consistent with this policy, Piedmont Natural Gas Company, Inc. hereby provides notice under Section 4 of your Amended and Restated Employment Agreement, dated May 25, 2012 (the “Agreement”), that we will not be extending the term of the Agreement, and, therefore, the Agreement will terminate pursuant to its terms one year from the date hereof. If you have any questions, please do not hesitate to let me know.

Sincerely,

/s/ MELISSA H. ANDERSON

Melissa H. Anderson

Executive Vice President, Administration and CHRO