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Brian Savoy

Executive VP & CFO, Duke

Search every verified Brian Savoy interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Brian Savoy, who became Duke Energy's executive vice president and CFO in September 2022, has described the company's plan to invest $145 billion over the next decade to transform its energy generation portfolio. Savoy stated that Duke aims to reduce natural gas over time while using it as a "bridge fuel" as the company expands renewables and nuclear power, and he expressed optimism about future nuclear development in the 2030s. He noted that incentives from the Inflation Reduction Act for regulated companies reduce costs for customers, saying that when he builds a renewable project "it's going to cost me less and cost my customers less." Savoy has discussed the challenges of balancing investments in the energy transition with customer costs amid intense regulatory oversight. He said that interest rates are a frequent topic of discussion because Duke is a large debt issuer, and that the company watches the Federal Reserve closely to identify opportunistic times to issue debt. Savoy described himself as "wired for value" and said he has the courage to make changes when needed. He also stated that utilities have "a moment to really make a mark on society" and that putting the utility sector in prominence is important.

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Recent appearances

  • Chief Future Officer: Brian Savoy, Duke Energy

    Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. This episode focuses on Duke Energy CFO Brian Savoy, who tells Alix Steel how the company plans to invest $145 billion over the next decade to transform its energy generation portfolio. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness  

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The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →