Duke Energy selects five Indiana properties for potential industrial and business development

   Duke Energy selects five Indiana properties for potential industrial and
                             business development

PR Newswire

PLAINFIELD, Ind., June 18, 2013

PLAINFIELD, Ind., June 18, 2013 /PRNewswire/ -- Duke Energy has selected five
Indiana properties for participation in its 2013 Site Readiness Program to
prepare the properties for potential industrial development. They are:

  oThe River Ridge Commerce Center, 100 acres in Jeffersonville (Clark Co.)
  oThe East Side Industrial Park, 100 acres in Seymour (Jackson Co.)
  oThe Industrial Business Complex, 135 acres in Wabash (Wabash Co.)
  oThe North Warrick Industrial Business Park, 236 acres in Eberfield
    (Warrick Co.)
  oA 181,000-square-foot building at 2100 East Lincoln Road in Kokomo (Howard
    Co.)

(Logo: http://photos.prnewswire.com/prnh/20130322/CL81938LOGO)

The Site Readiness Program is the cornerstone of Duke Energy's economic
development model. It identifies, evaluates and improves industrial sites in
the company's service territory to help communities served by the utility
compete for new companies and jobs.

"Duke Energy is committed to advancing economic development in all of the
counties we serve," said Bart Beal, Duke Energy Indiana's vice president of
economic development and community relations. "Our Site Readiness Program has
assumed additional importance due to the weak economy and increasing
competition among states and regions to attract new companies and jobs."

Duke Energy has hired McCallum Sweeney, a nationally known consulting firm, to
conduct studies on four of the five sites. McCallum Sweeney Consulting has
been instrumental in many high profile automotive and industrial relocations
and expansions. The site consultant for the East Lincoln Road property is
InSite Consulting.

Duke Energy will collaborate with county leaders and local economic
development professionals to develop a strategy for providing water, sewer,
natural gas and electricity to the sites.

The parties may also recommend road improvements, easements and rights-of-way
that will be required to develop the sites, as well as steps necessary to
mitigate any potential environmental impacts. Banning Engineering will produce
final drawings and conceptual site plans.

Duke Energy will present its findings – including a detailed report and
conceptual drawings – to county officials when the studies are completed.

After each site's state of readiness has advanced, Duke Energy's business
development team will strategically market them nationwide to companies
looking to expand or relocate their operations.

In Indiana, eight counties submitted nine sites for Site Readiness Program
consideration. A total of five sites in five counties were chosen by the
utility.

In March 2013, Duke Energy launched a pilot program for its redesigned Site
Readiness Program on a 166-acre parcel in Hancock County's I-70 Business
Corridor. The recommendations from the site consultant for this parcel have
been delivered to local economic development officials.

"The site consultant's report gave us high marks, both for the site itself and
for the economic development advantages we've developed in our community,"
said Skip Kuker, executive director of the Hancock County Economic Council.
"In addition, the consultant helped leading community officials understand the
factors that make us more attractive to prospective businesses."

Ideal properties for Duke Energy's Site Readiness Program are 60 acres or
larger, served by the utility, which can be a single site for a large facility
or a potential industrial park (multi-tenant site). A qualified site could
also be a certified "shovel ready" site that needs proven enhancements to
further strengthen its marketability. The program includes an urban
redevelopment component as well, which could include the evaluation of a
significant site or building.

Duke Energy's overall economic development program has been consistently named
by Site Selection Magazine as one of the nation's "Top 10 Utility Economic
Development Programs."

For more information about Duke Energy Indiana's economic development
programs, visit www.locationindiana.com.

Duke Energy
Duke Energy Indiana's operations provide approximately 6,900 megawatts of
owned electric capacity to approximately 790,000 customers, making it the
state's largest electric supplier.

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.

Contact: Lew Middleton
Office: 317.838.1505 | 24-Hour: 800.559.3853

SOURCE Duke Energy

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