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Duke Energy Increases Quarterly Dividend June 24, 2008

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CHARLOTTE, N.C. -

Duke Energy has declared a quarterly cash dividend on its common stock of $0.23 per share, an increase of $0.01 over the previous level. The dividend is payable on Sept. 16, 2008, to shareholders of record on the close of business Aug. 15, 2008.

“As we continue to successfully implement our business strategy, we are pleased to share this success with our investors,” said James E. Rogers, chairman, president and CEO.

This is the 82nd consecutive year that Duke Energy has paid a quarterly cash dividend on its common stock. 

Duke Energy, one of the largest electric power companies in the United States, supplies and delivers electricity to approximately 4 million U.S. customers in its regulated jurisdictions. The company has approximately 35,000 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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