Duke Energy Applies to Cease Being a Reporting Issuer in the Province of


<p>CHARLOTTE N.C., <span class="xn-chron">July 23</span> /CNW/ -- Duke Energy (NYSE:   DUK) announced today it has applied to securities regulators in the Province of <span class="xn-location">Quebec</span> for a decision that the company is deemed to have ceased being a reporting issuer in the province.</p>

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<p>If the decision is granted, Duke Energy will no longer be a reporting issuer in any jurisdiction in <span class="xn-location">Canada</span> and will no longer be subject to Canadian continuous disclosure requirements. However, this will not affect Duke Energy's listing on the New York Stock Exchange or its reporting obligations under U.S. securities laws.</p>
<p>Duke Energy has agreed to provide to its securities holders in <span class="xn-location">Canada</span> all disclosure material required to be provided to U.S. resident security holders under applicable U.S. federal securities laws and stock exchange requirements. This information is also available to Duke Energy's securities holders through the U.S. Securities and Exchange Commission website at <a href="http://www.sec.gov">www.sec.gov</a>.</p>
<p>Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: <a href="http://www.duke-energy.com">www.duke-energy.com</a>.  To learn more and contribute to the discussion about the energy issues of today and the possibilities of tomorrow see <a href="http://www.sheddingalight.org">www.sheddingalight.org</a>.</p>

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    Bill Currens, 704-382-1603


For further information: For further information: Media Contact: 24-Hour: +1-800-559-3853; Investor Contact: Bill Currens, +1-704-382-1603 Web Site: http://www.duke-energy.com

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