Duke Energy board elects Gray as chair, Good as vice chair

          Duke Energy board elects Gray as chair, Good as vice chair

PR Newswire

CHARLOTTE, N.C., June 27, 2013

CHARLOTTE, N.C., June 27, 2013 /PRNewswire/ --Duke Energy's (NYSE: DUK)board
of directors has unanimously elected lead director Ann Maynard Gray as its new
chair, effective Dec. 31, 2013.

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

The board also has unanimously elected Lynn Good – who will replace Jim Rogers
as president and CEO on July 1, 2013 – as vice chair, effective July 1.

Gray has been lead director since 2004 and a board member at Duke Energy or
its predecessor companies since 1994. She is also a board member at The
Phoenix Companies, Inc., and has served on the boards of several other New
York Stock Exchange companies.

Gray was president of Diversified Publishing Group of ABC, Inc., a television,
radio and publishing company, and prior to that held several senior financial
positions at ABC.

Rogers will remain chair through the end of 2013, when he retires from the
company.

Until then, Gray will serve as lead director and chair-elect, assisting Good
and the board to ensure a smooth management transition.

"I'm honored that my fellow board members have asked me to serve as chair,"
Gray said. "And I'm proud to be associated with a company that provides a
critical service to more than 7 million customers. I look forward to working
closely with Lynn Good and the entire board to position the company for future
growth."

Photos: http://bit.ly/14uCImi

About Duke Energy
Duke Energy is the largest electric power holding company in the United States
with more than $110 billion in total assets. Its regulated utility operations
serve approximately 7.2 million electric customers located in six states in
the Southeast and Midwest. 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 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.

Forward-Looking Information
This release includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward-looking statements are based on management's beliefs and
assumptions.

These forward-looking statements are identified by terms and phrases such as
"anticipate," "believe," "intend," "estimate," "expect," "continue," "should,"
"could," "may," "plan," "project," "predict," "will," "potential," "forecast,"
"target," "guidance," "outlook" and similar expressions. Forward-looking
statements involve risks and uncertainties that may cause actual results to be
materially different from the results predicted. Factors that could cause
actual results to differ materially from those indicated in any
forward-looking statement include, but are not limited to: state, federal and
foreign legislative and regulatory initiatives; the possibility that the
impact of compliance with material conditions imposed by regulators related to
the Progress Energy merger could exceed our expectations; and continued
industry consolidation.

Additional risks and uncertainties are identified and discussed in Duke
Energy's and its subsidiaries' reports filed with the SEC and available at the
SEC's website at www.sec.gov. In light of these risks, uncertainties and
assumptions, the events described in the forward-looking statements might not
occur or might occur to a different extent or at a different time than Duke
Energy has described. Duke Energy undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

Contact: Tom Williams
24-Hour: 800.559.3853



SOURCE Duke Energy

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