Duke Energy Increases Quarterly Dividend

    CHARLOTTE, N.C., June 26 /CNW/ -- Duke Energy has declared a quarterly
cash dividend on its common stock of $0.22 per share, an increase of $0.01
over the previous level. The dividend is payable on Sept. 17, 2007, to
shareholders of record on the close of business Aug. 17, 2007.
    (Logo: http://www.newscom.com/cgi-bin/prnh/20040414/DUKEENERGYLOGO)
    "According to our Charter, one of Duke Energy's benchmarks for success is
to provide a superior return to investors," said James E. Rogers, chairman,
president and CEO. "We are committed to having a 70- to 75-percent payout
ratio, and we expect to grow our dividends with earnings over time. The
board's action increases our dividend by nearly 5 percent and affirms we are
fulfilling that commitment."
    This is the 81st consecutive year that Duke Energy has paid quarterly
cash dividends on its common stock. Spectra Energy Canada Exchangeco Inc. also
announced today a quarterly cash dividend on the Duke Energy exchangeable
shares of CDN $0.24 per exchangeable share. The dividend is payable on Sept.
17, 2007, to shareholders of record on the close of business Aug. 17, 2007.

    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.

For further information:

For further information: MEDIA: Tom Shiel, +1-704-382-2355, 24-Hour, 
+1-704-382-8333, ANALYSTS: Sean Trauschke, +1-980-373-7905 Web Site:

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