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De May to Oversee Duke Energy Investor Relations; Daji Appointed Chief Risk Officer September 25, 2009

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Duke Energy today announced Senior Vice President and Treasurer Stephen G. De May will assume the additional responsibility of overseeing Investor Relations.

At the same time, Swati Daji, formerly vice president of deal structuring and contract management for the company’s Franchised Electric and Gas business segment, will lead Risk Management and assume the role of chief risk officer. De May had been serving as chief risk officer.

De May is responsible for all of Duke Energy’s financing and capital markets activities, liability management, liquidity and cash management, and managing Duke Energy’s relationships with the major credit rating agencies.

His new responsibilities will align financing and debt within the company’s Investor Relations function. Combining these organizations will allow for a strong alignment to the debt and equity financial communities.

Daji will be responsible for corporate risk management, with particular focus on the company’s market and credit risks. In addition, she will manage the company’s insurance programs.

De May and Daji will report to Lynn Good, group executive and chief financial officer.

“Duke Energy is fortunate to have a wealth of experience and talent from which to draw upon as it prepares for future growth,” Good said.

“Stephen’s leadership is an important reason Duke Energy has maintained a strong financial position during these challenging economic times,” she added. “Swati provides diverse corporate and commercial experience, has a strong background in financial and risk management, and has dealt with both the regulated and non-regulated parts of our business.”

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. He holds a BA in political science from the University of North Carolina at Chapel Hill and a master of business administration degree from the McColl Graduate School of Business at Queens University, Charlotte. A native of Long Island, N.Y., De May and his wife, Linda, have three children.

Daji was named vice president of deal structuring and contract management earlier this year. She joined Duke in 1991 in the Controller’s group and has held a variety of management positions in finance, treasury, risk management and business units since then. She holds a bachelor’s degree in accounting from the University of Bombay and an MBA in Finance from Clemson University. Daji and her husband, Vijay, have two sons.

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:

Contact: Duke Energy - Tom Williams Progress Energy - Mike Hughes
Phone: 980-373-4743
24-Hour Phone: 800-559-3853

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