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Duke Energy Names New President for International Business Unit July 15, 2009

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CHARLOTTE, N.C. -

Duke Energy has named Andrea Bertone the new president of Duke Energy International, effective immediately.

DEI is part of Duke Energy's commercial businesses segment. Bertone, who had been serving as DEI general counsel, replaces Richard McGee, who is leaving the company to pursue other career interests in Houston.

"We're delighted to have Andrea stepping into this role," said Keith Trent, group executive and commercial businesses segment president. "She brings a unique combination of qualities expertise with DEI's business ventures, an understanding of South American cultures and the commercial background required to run international operations."

Bertone has been with Duke Energy since 2001, when she became assistant general counsel for Energy Services in Houston. She has been general counsel for DEI since February 2006 and also serves as legal director for DEI Paranapanema, a generating company in Brazil.

She has an extensive legal background in South America and the United States, with broad and deep experience in energy issues, corporate matters, litigation and major multi-jurisdictional transactions. Early in her career, she established her own practice in Brazil and worked with major law firms and the federal judiciary system. After moving to the United States and working for the international law firm of Baker & McKenzie in Chicago, Bertone returned to South America when the financial markets were being established and companies were being privatized. In Brazil and Argentina, she was the lead lawyer for pioneer projects, such as the first bilateral sale of power in Brazil and the first pre-payment of gas in Argentina.

Bertone has a law degree from the University of Sao Paulo in Brazil and a master's in law from Chicago-Kent College of Law.

Duke Energy International owns approximately 4,000 megawatts of generation, all in Latin America. About 75 percent of this capacity is hydroelectric, and, for 2009, approximately 90 percent is either currently contracted or receives a system capacity payment.

Duke Energy is the third largest electric power holding company in the United States, based on kilowatt-hour sales. Its regulated utility operations serve approximately 4 million customers located in five states -- North Carolina, South Carolina, Indiana, Ohio and Kentucky -- representing a population of approximately 11 million people. Duke Energy's commercial power and international business segments operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.

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
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