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Duke Energy’s Rogers Named Platts ‘CEO of the Year’ November 30, 2007

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NEW YORK -

James E. Rogers, Duke Energy’s chairman, president and CEO, was named “CEO of the Year” during Platts Global Energy Awards banquet held last night in New York City.

“I accept this award as affirmation and motivation that we can and will become an industry capable of meeting our customers’ growing energy needs in an environmentally responsible manner,” Rogers said. “Global warming is one of our planet’s major challenges and I believe our industry can and will find ways to seek solutions to this challenge. There are no quick fixes, but the sooner we roll up our sleeves and work together as one economy, one nation and one planet, the sooner we’ll achieve our goal.”

Rogers was honored by Platts for:
• His longstanding support for action on climate change and efforts to bring leaders in government, energy and the environment together to develop solutions.
• His innovative efforts to promote energy efficiency, which New York Times columnist Tom Friedman called “the mother of all paradigm shifts.”
• His early and active support for the 1990 Clean Air Act Amendments, legislation that introduced a market-based cap and trade system. Rogers is promoting the same concept for the energy bill being considered by Congress to reduce greenhouse gases.

Since becoming CEO in 2006, Rogers has restructured Duke Energy into a leading “pure play” electric utility holding company. He spun off all of the company’s natural gas operations into a new, investor-owned company called Spectra Energy; sold the Commercial Marketing and Trading Business; closed or sold Duke’s proprietary trading operations; and repurchased $500 million in stock.

The company is on pace to record earnings per share well above the 2007 employee ongoing diluted incentive target of $1.15.

Honoring the energy industry's 'Best of the Best,' the Platts Global Energy Awards - now in its ninth year - showcase extraordinary accomplishments by energy businesses and individuals. Platts received more than 200 nominations this year from energy companies around the world.

Nearly 500 top executives from more than a dozen countries gathered for the gala event last night in New York. The evening dinner and ceremony was preceded by the Platts Inaugural Lecture, in which Rogers and former Clinton economic advisor Gene Sperling, discussed climate change.

The Global Energy Awards are judged by an international panel of energy industry experts and veterans - including former and current top corporate executives, regulators, leading academics, government advisors and acclaimed economists.

Platts, a division of The McGraw-Hill Companies, is a leading global provider of energy and commodities information. With nearly a century of business experience, Platts serves customers across more than 150 countries. From 14 offices worldwide, Platts serves the oil, natural gas, electricity, nuclear power, coal, petrochemical, emissions, and metals markets. Platts' real time news, pricing, analytical services, and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better trading and investment decisions. Additional information is available at http://www.platts.com.

Duke Energy, one of the largest electric power companies in the United States, supplies and delivers energy to approximately 4 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: www.duke-energy.com.


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