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Duke Energy Releases 2007/2008 Sustainability Report April 14, 2008

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CHARLOTTE, N.C. -

Duke Energy today released its 2007/2008 Sustainability Report, outlining the progress the company has made in the first year of its five-year plan for improving the “triple bottom line” of environmental, social and economic performance.

“We understand our company is not measured by financial results alone,” said James E. Rogers, Duke Energy chairman, president and chief executive officer. “We must also be responsible stewards of the environment and our communities. We are working hard to strike the right balance among economic, environmental and social considerations. That’s what sustainability is all about.”

“We’ve set some very ambitious targets because it’s what our stakeholders expect from us,” said Roberta Bowman, senior vice president and chief sustainability officer. “In this report we have focused on the most important issues facing our company – from global climate change to customer satisfaction to employee safety.  We review our progress in 2007 and what we intend to accomplish in the years ahead.”

The 42-page document complements the company’s 2007 Summary Annual Report. Both publications focus on “Building Bridges to a Low-Carbon Future.”  

The sustainability report highlights the company’s progress in five areas:

  • Innovative products and services that are both environmentally responsible and allow Duke Energy customers to be more competitive regionally and globally.
  • Steps the company has taken to reduce its environmental footprint. Of particular interest is a section entitled “2030 Challenge: Can Duke Energy cut its carbon dioxide (C02) emissions in half between 2006 and 2030?”
  • Challenges Duke Energy is facing and actions it is taking to attract, train and retain a diverse, high-quality workforce.
  • Initiatives for contributing to the health and vitality of the communities Duke Energy serves.
  • Governance and transparency designed to earn the trust and confidence of the company’s many stakeholders.

Duke Energy has adopted a simple definition of sustainability: We do business in a way that is good for people, the planet and profits. In 2007, the company was again named to the Dow Jones Sustainability Index for North America, an important benchmark for leaders in corporate sustainability.

The report can be accessed in the Environment & Sustainability area of the company’s Web site at: https://www.duke-energy.com/pdfs/sustainability_report.pdf.

Duke Energy, 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 approximately 36,000 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: http://www.duke-energy.com/.


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