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Stephen De May is vice president and treasurer for Duke Energy. He is responsible for all financing and capital markets activities, liability management, liquidity and cash management, and managing Duke Energy’s relationships with the major credit rating agencies. He is also responsible for market and credit risk management, including insurance, as well as oversight and administration of the pension and retirement plans. He was named to his current position in November 2007.
Most recently, De May served as general manager, corporate finance and assistant treasurer, a position he assumed upon the merger of Duke Energy and Cinergy in April 2006.
De May joined the company in 1990 as a director of the company's real estate development business, Crescent Resources, where he had responsibility for managing the finance and accounting functions. In 1994, he joined the company's corporate finance group, and in 1996, completed an extended risk management assignment at the company's energy trading and marketing affiliate in Connecticut. Following the merger of Duke Power and PanEnergy, De May managed the corporate finance group, from 1997 until June 1999, at which time he was appointed vice president of business unit finance. During 2004 and 2005, he served as vice president of energy and environmental policy for Duke Energy, with responsibility for achieving the company’s public policy objectives related to the key energy and environmental issues impacting Duke Energy and its businesses.
Before joining the Duke Energy, De May served as senior tax consultant for Deloitte & Touche and tax consultant for Price Waterhouse.
De May graduated from the University of North Carolina at Chapel Hill with a bachelor of arts degree in political science and a master of business administration degree from the McColl Graduate School of Business at Queens University of Charlotte. He is a certified public accountant in North Carolina.
De May is a member of the board of visitors for the University of North Carolina at Chapel Hill.
A native of Long Island, N.Y., De May was born in 1962. He and his wife, Linda, have three children.
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. | 