Duke Energy Names New President for Indiana Operations - Duke Energy

News Release
Oct. 30, 2006

Duke Energy Names New President for Indiana Operations

PLAINFIELD, Ind. -- Duke Energy announced today that Jim Stanley, the company’s vice president of Midwest field operations, will lead its Indiana utility as president.

Current Duke Energy Indiana President Kay Pashos will be coordinating state regulatory strategy for Duke Energy’s electric and gas business system-wide. The transition is effective Nov. 6.

Stanley, 51, a Tennessee native who began working for the company’s Indiana operations in 1977, will be responsible for Indiana regulatory and legislative strategy and affairs, economic development, and customer and community relations for the electric utility. He will also share responsibility for ratemaking.

"Jim has deep roots in Duke Energy’s Indiana company. He knows this organization well, and his strong combination of field and management experience brings a valuable perspective to the job," said James Turner, president of Duke Energy’s Franchised Electric and Gas operations. "Meanwhile, we are grateful to Kay, who helped ensure a smooth transition when Cinergy became part of Duke Energy. Her new role is an excellent match for her skills and interests."

Stanley has held a variety of roles in accounting, human resources and field management. The Dyersburg, Tenn., native graduated from Ball State Universitywith a degree in accounting and a minor in economics. He and his wife, Janet, have a daughter and two sons.

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, including 28,000 megawatts of regulated generating capacity in the United States. Duke Energy’s Indiana operations provide 7,200 megawatts of safe, reliable and competitively priced electricity to more than 750,000 electric customers, making it the state’s largest electric supplier. 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: http://www.duke-energy.com.

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