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Duke Energy Appoints De May as Senior Vice President, Treasurer and Chief Risk Officer February 19, 2009

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CHARLOTTE, N.C. -

Duke Energy today appointed company Treasurer Stephen G. De May as senior vice president, treasurer and chief risk officer. In addition to his current responsibilities as treasurer, he will manage the company’s exposure to financial and other risks as chief risk officer.

De May has played a central role in ensuring the company’s continued access to the credit and capital markets despite a challenging economic environment that has stymied many other companies’ access to capital.

De May joined Duke Energy in 1990 as a director at Crescent Resources. He has held several positions in the company’s finance and treasury units. He also has overseen energy and environmental policy. Prior to his Duke Energy career, De May was a senior tax consultant for Deloitte & Touche and a tax consultant for Price Waterhouse.

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: Dave Scanzoni
Phone: 704-382-2543
24-Hour Phone: 704-382-8333
e-mail:

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