Duke Energy, Paul Anderson Honored at Global Energy Awards - Duke Energy

News Release
Dec. 1, 2006

Duke Energy, Paul Anderson Honored at Global Energy Awards

CHARLOTTE, N.C. – Duke Energy and Chairman Paul Anderson took home high honors at the 8th Annual Platts Global Energy Awards Thursday night, Nov. 30 in New York.

The company won the Industry Leadership Award during the ceremonies. As previously announced, Anderson was honored with the Lifetime Achievement Award.

Duke Energy was recognized for addressing issues surrounding climate change, as well as for its recent successful merger with Cinergy. In addition to industry-leading activities, judging criteria for the Industry Leadership Award also included innovative skill, customer care, environmental care, safety and commercial success.

Anderson was selected for exemplifying “the characteristics of a true leader -- vision, scope, and delivery,” said Victoria Chu Pao, Platts president and host of the Global Energy Awards. “Our panel of judges agreed that Mr. Anderson's record as a clear-sighted leader, his ethical courage, and his ability to turn challenged businesses into success stories makes him a very worthy winner of this prestigious award.”

Honoring the energy industry's “Best of the Best,” the Global Energy Awards recognize excellence and innovation by companies and executives in more than a dozen sectors globally. Platts, the world's largest energy information business, is a unit of McGraw-Hill. Nearly 500 top executives from more than a dozen countries gathered for the event, to honor finalists and winners in 17 categories. Platts received more than 200 nominations this year from energy companies around the world.

The Global Energy Awards are judged by an international panel of energy industry experts and veterans -- including former and current top corporate executives, regulators, leading academics, government advisors and seasoned editors.

Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in the Americas. 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.

Contact: Elizabeth Bennett
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