Duke Energy Declares Quarterly Dividend

January 6, 2011

CHARLOTTE, NC – January 6, 2011 –  Duke Energy has declared a quarterly cash dividend on its common stock of $0.245 per share. The dividend is payable on March 16, 2011, to shareholders of record at the close of business Feb. 11, 2011.

This is the 85th consecutive year that Duke Energy has paid a quarterly cash dividend on its common stock. 

Duke Energy

Duke Energy is one of the largest electric power holding companies in the United States. Its regulated utility operations serve approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 11 million people. Its commercial power and international business segments own and 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.  To learn more and contribute to the discussion about the energy issues of today and the possibilities of tomorrow see www.sheddingalight.org.