On November 13, 2021, Duke Energy Corporation, entered into a cooperation agreement with Elliott Investment Management L.P., a Delaware limited partnership, Elliott Associates, L.P., a Delaware limited partnership, and Elliott International, L.P., a Cayman Islands limited partnership. Pursuant to the Cooperation Agreement, the Company has agreed to take such actions as are necessary within one business day to elect Idalene F. Kesner, a previously identified independent director-candidate by the Board, to the Company?s board of directors. Elliott stated that it supports Idalene F. Kesner appointment to the Board, which brings new Indiana perspectives to the Company. In addition, Elliott stated that it looks forward to the appointment of another new director in early 2022, as well as continued dialogue with the Board and management team to help the Company drive value for shareholders and all stakeholders.