Duke Energy Corp. subsidiaries to redeem eight series of preferred stock

   Duke Energy Corp. subsidiaries to redeem eight series of preferred stock

PR Newswire

CHARLOTTE, N.C., Feb. 6, 2013

CHARLOTTE, N.C., Feb. 6, 2013 /PRNewswire/ --Duke Energy (NYSE: DUK) today
announced that on March 8, the company will redeem all shares of three series
of preferred stock issued by its subsidiary Progress Energy Carolinas, Inc.
and all shares of five series of preferred stock issued by its subsidiary
Progress Energy Florida, Inc., for a total of approximately $96 million.

(Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO )

The issues being redeemed by Progress Energy Carolinas, Inc. are:

  o$5 Preferred Stock, with 236,997 outstanding shares, which will be
    redeemed for $110.00 per share, plus accrued dividends to the redemption
    date.
  oSerial Preferred Stock, $5.44 Series, with 249,850 outstanding shares,
    which will be redeemed for $101.00 per share, plus accrued dividends to
    the redemption date.
  oSerial Preferred Stock, $4.20 Series, with 100,000 outstanding shares,
    which will be redeemed for $102.00 per share, plus accrued dividends to
    the redemption date.

The issues being redeemed by Progress Energy Florida, Inc. are:

  o4.00 percent Series Preferred Stock, with 39,980 outstanding shares, which
    will be redeemed for $104.25 per share, plus accrued dividends to the
    redemption date.
  o4.75 percent Series Preferred Stock, with 80,000 outstanding shares, which
    will be redeemed for $102.00 per share, plus accrued dividends to the
    redemption date.
  o4.60 percent Series Preferred Stock, with 39,997 outstanding shares, which
    will be redeemed for $103.25 per share, plus accrued dividends to the
    redemption date.
  o4.58 percent Series Preferred Stock, with 99,990 outstanding shares, which
    will be redeemed for $101.00 per share, plus accrued dividends to the
    redemption date.
  o4.40 percent Series Preferred Stock, with 75,000 outstanding shares, which
    will be redeemed for $102.00 per share, plus accrued dividends to the
    redemption date.

The previously declared dividend for each series of Progress Energy Florida,
Inc. preferred stock will be paid in the normal manner on Feb. 15, 2013, to
shareholders of record on Feb. 1, 2013.

Redemption notices for these series were mailed to shareholders on Feb. 6.
Duke Energy will serve as the redemption agent for the preferred stock
redemption.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded
on the New York Stock Exchange under the symbol DUK. More information about
the company is available at: www.duke-energy.com.

MEDIA CONTACT: Jennifer Zajac
Phone:         980-373-9242
24-Hour:       800-559-3853
ANALYSTS:
Bob Drennan    704-382-4070

Bill Currens   704-382-1603

SOURCE Duke Energy

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