Duke Energy Donates $80,000 to The Nature Conservancy for Shareholders Choosing Paperless Delivery of Annual Report

Apr 03, 2007, 01:00 ET from Duke Energy

    CHARLOTTE, N.C., April 3 /PRNewswire-FirstCall/ -- Duke Energy (NYSE:  
 DUK) today announced that it made an $80,000 donation to The Nature
 Conservancy on behalf of the approximately 80,000 shareholders who last
 year chose electronic delivery of the Duke Energy 2006 Summary Annual
 Report, the Duke Energy Form 10-K and the company's proxy statement.
     (Logo: http://www.newscom.com/cgi-bin/prnh/20040414/DUKEENERGYLOGO )
     "In last year's annual report, we pledged to donate $1 to the
 Conservancy for every shareholder who chose electronic delivery of our
 financial information, and we're pleased at the response," said Duke Energy
 Chairman, President and Chief Executive Officer, James E. Rogers.
     "Encouraging our shareholders to request paperless financial
 information not only reduces costs, but helps save valuable natural
 resources," said Sean Trauschke, vice president, Investor Relations. "We
 are making the same pledge for our 2007 annual report. This is another way
 to reinforce our commitment to environmental and sustainability
     "This partnership creates a double win for those who care about
 sustaining the Earth's resources," said Steven J. McCormick, president and
 chief executive officer of The Nature Conservancy. "The 80,000 shareholders
 directly helped save trees, energy and water by forgoing printed materials.
 And the donation from Duke Energy will have a meaningful impact on the
 Conservancy's ability to protect plants, animals and natural communities
 for future generations to use and enjoy."
     Duke Energy shareholders opting for electronic delivery of the
 company's financial information only need to sign up once at:
     The online edition of Duke Energy's 2006 Summary Annual Report,
 "Changing minds, changing habits ... to solve the new energy equation," can
 be accessed at: http://www.duke-energy.com/investors. Mailing of the report
 to shareholders not choosing electronic delivery was scheduled for the week
 of April 2.
     The Nature Conservancy is a leading conservation organization working
 around the world to protect ecologically important lands and waters for
 nature and people. To date, the Conservancy and its more than one million
 members have been responsible for the protection of more than 15 million
 acres in the United States and have helped preserve more than 102 million
 acres in Latin America, the Caribbean, Asia and the Pacific. Visit The
 Nature Conservancy on the Web at http://nature.org.
     Duke Energy Corp., one of the largest electric power companies in the
 United States, supplies and delivers energy to approximately 3.9 million
 U.S. customers. The company has nearly 37,000 megawatts of electric
 generating capacity in the Midwest and the Carolinas, and natural gas
 distribution services in Ohio and Kentucky. In addition, Duke Energy has
 more than 4,000 megawatts of electric generation in Latin America, and is a
 joint-venture partner in a U.S. real estate company.
     Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company
 traded on the New York Stock Exchange under the symbol DUK. More
 information about the company is available on the Internet at:
               Duke Energy
               Mark Craft
     Phone:    704/382-7364 or
     24-Hour:  704/382-8333
               The Nature Conservancy
               Maria Sadowski
     Phone:    919/403-8558, ext. 1011

SOURCE Duke Energy