Nuclear Oversight Committee of the Duke Energy Corporation Board of Directors

Transcription

1 CHARLOTTE MOSCOW CHICAGO NEW YORK GENEVA NEWARK HONG KONG PARIS LONDON SAN FRANCISCO LOS ANGELES WASHINGTON, D.C. Nuclear Oversight Committee of the Duke Energy Corporation Board of Directors Lisa Vaughn Partner, Winston & Strawn LLP NEI Lawyers Committee June 23, 2011

2 Background and Membership Established in 2004 Currently five members Standing Committee of the Board of Directors Current Members o Dr. James T. Rhodes Chair o William Barnet, III o G. Alex Bernhardt, Sr. o E. James Reinsch o Phillip R. Sharp 2

3 Charter General Focus Provide Board-level oversight of the nuclear safety, operational and financial performance and long-term plans and strategies of Duke Energy s nuclear power program Report to the Board regarding such performance and long-term plans and strategies Structure and Operations Comprised of two or more members of the Board Chair and members appointed by the Board Chair approves agendas for Committee meetings 3

4 Charter (cont d) Meetings Three times annually or more frequently as circumstances dictate Chair or majority of members may call special meeting Committee may invite any director, member of management, or others as it deems necessary to perform its responsibilities May meet by telephone or videoconference and may take action by unanimous written consent Secretary maintains minutes and circulates agenda to Committee prior to meeting 4

5 Charter (cont d) Responsibilities, Duties and Authority Receive reports on significant events or incidents at Duke Energy s stations and significant external or internal oversight group reports issued since the last Committee meeting Visit each Duke Energy station annually and receive reports on that station s nuclear safety, operational and financial performance and its significant issues and projects 5

6 Charter (cont d) Responsibilities, Duties and Authority (cont d) Meet periodically with external (NRC, INPO) and internal (NSRB) oversight groups At least annually o o o o receive reports on overall nuclear safety, operational and financial performance of Duke Energy s nuclear power program as compared with industry trends Review long-term plans and strategies Evaluate performance of the Committee Review and reassess adequacy of Charter Report to the Board following meetings of the Committee and on other matters relevant to Committee s discharge of its responsibilities Provide recommendations to the Board as the Committee deems appropriate 6

7 Charter (cont d) Responsibilities, Duties and Authority (cont d) Maintain minutes or other records of meetings and activities of the Committee Perform additional functions and adopt additional policies, as appropriate, in light of changing conditions or as delegated by the Board, provided such functions are consistent with the general focus of the Committee. Retain outside counsel or other experts and approve terms of retention and fees payable to such counsel or experts 7

8 Observations Provides Board of Directors greater insight into nuclear operations, the regulatory framework within which it operates, and the industry oversight that is its hallmark Demonstrates to nuclear workforce the importance of nuclear operations to Board of Directors Provides valuable opportunity for nuclear management to interact with Board members Provides valuable opportunity for Board members to interact with nuclear management 8

9 Observations (cont d) Provides nuclear executives a more diverse perspective regarding significant nuclear issues Provides CEO a more diverse perspective regarding significant nuclear issues Provides nuclear management and internal/external oversight functions an alternate avenue for raising/resolving issues Requires significant commitment of time and other resources 9