DUK Reactivates Stock Repurchase Plan

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Duke Energy (NYSE: DUK) Board of Directors authorized the reactivation of the $2.5 bln stock repurchase program originally authorized by the Board of Directors on February 22, 2005, and the repurchase thereunder by the registrant in the open market or through privately negotiated transactions of up to $1.0 bln in aggregate fair market value of the registrant’s common stock from time to time at market prices. The repurchases under the stock repurchase program can commence following the special meeting of the registrant’s shareholders scheduled for March 10, 2006.

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