Operations under generally constructive regulatory environments; A large and diverse customer base; Regulatory, operating, and geographic diversity; and Generally conservative financial risk management practices. A significant capital spending program and need for timely rate relief to recover investment; Preservation of the constructive regulatory environment in North Carolina; Resolution of the status of Crystal River 3 nuclear plant; Effective management of regulatory risk in Ohio as the state transitions towards full deregulation; Bringing the Edwardsport integrated gasification combined cycle (IGCC) unit in Indiana online Exposure to international and wind power operations, which have higher business risk. Standard&Poor's Ratings Services bases its rating on Charlotte, N.C.-based utility holding company Duke Energy Corp. on the consolidated credit profile of its operating