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Duke Energy Increases Quarterly Dividend June 26, 2007

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CHARLOTTE, N.C. -

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.

“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.


Contact: Duke Energy Contact: Tom Shiel
Phone: 704.382.2355
24-Hour Phone:
e-mail:
Contact: ANALYSTS: Sean Trauschke
Phone: 980/373-7905
24-Hour Phone: 704/382-8333
e-mail:

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