Duke Energy to Release Second Quarter 2012 Earnings Aug. 2

Duke Energy will release its second quarter 2012 earnings results at 7 a.m. ET on Thursday, Aug. 2. End Quote

(1888PressRelease) July 18, 2012 - Duke Energy Corporation and Progress Energy Inc. completed their merger on July 2, 2012. In connection with the merger, Progress Energy has become a wholly owned direct subsidiary of Duke Energy. Therefore, the operations of Progress Energy will be included in Duke Energy’s consolidated results beginning with third quarter 2012. The results of Progress Energy for the first and second quarters of 2012 will not be included in Duke Energy’s results.

Duke Energy will also release second quarter 2012 earnings results for Progress Energy at 7 a.m. ET on Thursday, Aug. 2.

An earnings conference call for analysts is scheduled for 11 a.m. ET Thursday, Aug. 2 to discuss Duke Energy’s financial performance for the second quarter 2012 and the recent finalization of the merger with Progress Energy, among other matters. The conference call will be hosted by Jim Rogers, chairman, president and chief executive officer, and Lynn Good, executive vice president and chief financial officer.

The call can be accessed via the investors' section (http://www.duke-energy.com/investors/) of Duke Energy’s website or by dialing 800-930-1344 in the United States or 913-312-0652 outside the United States. The confirmation code is 9404035. Please call in 10 to 15 minutes prior to the scheduled start time. A replay of the conference call will be available until midnight ET, Aug. 12, 2012, by calling 888-203-1112 in the United States or 719-457-0820 outside the United States and using the code 9404035. A replay and transcript also will be available by accessing the investors' section of the company’s website.

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 on the Internet at: http://www.duke-energy.com/.

MEDIA CONTACT:
Tom Shiel - 704-382-2355
24-Hour: 800-559-3853

ANALYSTS:
Bob Drennan - 704-382-4070
Bill Currens - 704-382-1603

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