Duke Energy Donates $80,000 to The Nature Conservancy for Shareholders Choosing Paperless Delivery of Annual Report

    CHARLOTTE, N.C., April 3 /CNW/ -- Duke Energy (NYSE:   DUK) today announced
that it made an $80,000 donation to The Nature Conservancy on behalf of the
approximately 80,000 shareholders who last year chose electronic delivery of
the Duke Energy 2006 Summary Annual Report, the Duke Energy Form 10-K and the
company's proxy statement.
    (Logo: http://www.newscom.com/cgi-bin/prnh/20040414/DUKEENERGYLOGO )
    "In last year's annual report, we pledged to donate $1 to the Conservancy
for every shareholder who chose electronic delivery of our financial
information, and we're pleased at the response," said Duke Energy Chairman,
President and Chief Executive Officer, James E. Rogers.
    "Encouraging our shareholders to request paperless financial information
not only reduces costs, but helps save valuable natural resources," said Sean
Trauschke, vice president, Investor Relations.  "We are making the same pledge
for our 2007 annual report.  This is another way to reinforce our commitment
to environmental and sustainability leadership."
    "This partnership creates a double win for those who care about
sustaining the Earth's resources," said Steven J. McCormick, president and
chief executive officer of The Nature Conservancy. "The 80,000 shareholders
directly helped save trees, energy and water by forgoing printed materials.
And the donation from Duke Energy will have a meaningful impact on the
Conservancy's ability to protect plants, animals and natural communities for
future generations to use and enjoy."
    Duke Energy shareholders opting for electronic delivery of the company's
financial information only need to sign up once at:
    The online edition of Duke Energy's 2006 Summary Annual Report, "Changing
minds, changing habits ... to solve the new energy equation," can be accessed
at: http://www.duke-energy.com/investors.  Mailing of the report to
shareholders not choosing electronic delivery was scheduled for the week of
April 2.

    The Nature Conservancy is a leading conservation organization working
around the world to protect ecologically important lands and waters for nature
and people. To date, the Conservancy and its more than one million members
have been responsible for the protection of more than 15 million acres in the
United States and have helped preserve more than 102 million acres in Latin
America, the Caribbean, Asia and the Pacific. Visit The Nature Conservancy on
the Web at http://nature.org.

    Duke Energy Corp., one of the largest electric power companies in the
United States, supplies and delivers energy to approximately 3.9 million U.S.
customers. The company has nearly 37,000 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.
    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: www.duke-energy.com.

              Duke Energy
              Mark Craft
    Phone:    704/382-7364 or
    24-Hour:  704/382-8333

              The Nature Conservancy
              Maria Sadowski
    Phone:    919/403-8558, ext. 1011


For further information:

For further information: Mark Craft of Duke Energy, +1-704-382-7364, 
+1-513-419-5943, 24-Hours: +1-704-382-8333; or Maria Sadowski of The Nature 
Conservancy, +1-919-403-8558, ext. 1011 Web Site: http://www.duke-energy.com  

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