Leadership Appointments Continue For Duke Energy's Post-Spin Gas Business - Duke Energy

News Release
Oct. 10, 2006

Leadership Appointments Continue For Duke Energy's Post-Spin Gas Business

Keith Crane Tapped For New Treasurer Role

HOUSTON – Work continues around the separation of Duke Energy’s electric and natural gas businesses into two publicly traded companies, and today, Keith Crane was named vice president and treasurer for Gas SpinCo, Inc., (GasCo), the temporary name of the new gas company.

Crane joins GasCo with almost 20 years of diversified financial experience in the energy industry -- most recently as treasurer of Entergy-Koch, LP.

“Keith brings with him a tremendous depth of experience and we are extremely pleased he will be joining our new company,” said Greg Ebel, chief financial officer for the new gas company. Although the separation of Duke Energy’s electric and natural gas business is targeted for Jan. 1, 2007, today’s appointment is effective immediately.

Crane graduated from Texas A&M University with a bachelor of business administration degree in finance.

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: Gretchen Krueger
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