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Duke Energy Increases Quarterly Dividend June 23, 2009

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CHARLOTTE, N.C. -

Duke Energy has declared a quarterly cash dividend on its common stock of $0.24 per share, an increase of $0.01 over the previous level. The dividend is payable on Sept. 16, 2009, to shareholders of record on the close of business Aug. 14, 2009.

"Despite challenging economic conditions, Duke Energy continues to successfully implement its business strategy. We are pleased to share this success with our investors," said James E. Rogers, chairman, president and CEO.

This is the 83rd consecutive year that Duke Energy has paid a quarterly cash dividend on its common stock. 

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.


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