Duke Energy has stated publicly in response to two separate Federal Energy Regulatory Commission requests regarding power and natural gas trading that it did not engage in “round-trip,” “wash” or “sell/buyback” trades in order to boost revenues, volumes or prices in the western United States in 2000 and 2001.

Duke Energy is a diversified multinational energy company with an integrated network of energy assets and expertise. The company manages a dynamic portfolio of natural gas and electric supply, delivery and trading businesses – meeting the energy need of customers throughout North America and in key markets around the world. Duke Energy, headquartered in Charlotte, N.C., is a Fortune 100 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.