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Steve Young is senior vice president and controller for Duke Energy. He is responsible for planning and directing the accounting affairs of the company, including preparation of financial statements and accounting and regulatory reports.
Young joined Duke Power in 1980 as a financial assistant. After a series of promotions within the controller's department, he was named manager of bulk power agreements in system planning and operating in 1991, and manager of the rate department in 1993. Young was appointed vice president of rates and regulatory affairs in April 1998, where he was responsible for Duke Power’s regulatory strategies and policies in rate, financial and accounting matters. He was also accountable for the company’s interaction with the utilities commissions of North Carolina and South Carolina and the Federal Energy Regulatory Commission. He was named senior vice president and chief financial officer for Duke Power in February 2003 and group vice president and chief financial officer in March 2004. He was named vice president and controller in June 2005. Young was named to his current position in December 2006.
A native of Denver, Colo., Young earned a bachelor of arts degree in business administration from the University of North Carolina at Chapel Hill.
Young is a certified public accountant and a certified managerial accountant in North Carolina. He is a member of the American Institute of Certified Public Accountants, Institute of Managerial Accountants and National Association of Accountants. He is a member of the Edison Electric Institute Accounting Executive Advisory Committee, Southeastern Electric Exchange Accounting and Finance Section, and Financial Executive Institute’s Committee on Corporate Reporting.
Young was born in 1958. He and his wife, Lilly, have a daughter and a son.
Duke Energy, one of the largest electric power companies in the United States, supplies and delivers energy to approximately 4 million U.S. customers. The company has approximately 36,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. In addition, Duke Energy has more than 4,000 megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company. | 