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Duke Energy Declares Quarterly Dividend Oct. 20, 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. The dividend is payable on Dec. 16, 2009, to shareholders of record at the close of business Nov. 13, 2009.

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

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: http://www.duke-energy.com/.


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