Duke Energy Merger Announcement Page

January 13, 2011

Merger Announcement

On January 10, 2011 Duke Energy Corporation and Progress Energy, Inc. announced that both companies' boards of directors had unanimously approved a definitive merger agreement to combine the two companies. The merger is subject to numerous regulatory approvals. For information regarding the Marketing Affiliates of Progress Energy, Inc. click on the link: Progress Affiliates. This posting is made pursuant to 18 CFR Sec. 358.7(e)(3).

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