Duke Energy Announces Academic Scholars for 2011

CHARLOTTE, N.C., May 26, 2011 /PRNewswire/ — Duke Energy (NYSE: DUK) announced
today that 20 children of company employees have been selected to receive 2011
Duke Energy Foundation scholarships.

(Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO )

Fifteen recipients will receive up to $5,000 per year for up to four consecutive
years of undergraduate study at an accredited college or university in the
United States. Five students were named alternates and will receive a one-time
$1,000 scholarship.

Scholarship recipients must be graduating high school/secondary school seniors
and are chosen annually by an independent committee of judges. The committee
reviews and selects applicants based on their performance in academics,
leadership, participation in school and community activities, honors and awards,
work experience and financial need.

“Since the founding of our company, education has consistently remained a
central focus of our involvement in the many communities we serve. Yet with the
rising cost of post-secondary education and the changing needs in our industry,
our ability to provide support for our young people is perhaps even more
critical now than ever before,” said Stick Williams, president, Duke Energy
Foundation.

Scholarship Recipients

Kelli Bosse of New Richmond, Ohio- a student at New Richmond High School in New
Richmond, she is the daughter of David Bosse.

Colton Conover of Lebanon, Ohio – a student at Lebanon High School in Lebanon,
he is the son of James Conover

Courtney Crego of Indian Trail, N.C. – a student at Sun Valley High School in
Monroe, she is the daughter of Mark McCarl

Cara DeCoste of Charlotte, N.C.- a student at CAL Academy Homeschool in
Charlotte, she is the daughter of Brad DeCoste

Sarah Hayes of Cincinnati, Ohio- a student at McNicholas High School in
Cincinnati, she is the daughter of Jonathan Hayes

Margo Lanier of Lincolnton, N.C.- a student at Lincolnton High School in
Lincolnton, she is the daughter of Todd Lanier

Richard Lemke of Plainfield, Ind.- a student at Plainfield High School in
Plainfield, he is the son of Walter Lemke

Sara Marshall of Troutman, N.C.- a student at West Iredell High School in
Statesville, she is the daughter of Tim Marshall

Brandon Myers of Bicknell, Ind.- a student at North Knox High School in
Bicknell, he is the son of Leo Myers

Devon Patton of Charlotte, N.C. – a student at Providence High School in
Charlotte, she is the daughter of David Patton

Connor Smith of Powell, Ohio- a student at Worthington Kilbourne High School in
Columbus, he is the son of Wade Smith

John Caleb Snider of Denver, N.C. – a student at North Lincoln High School in
Lincolnton, he is the son of Steven Snider

Margaret Tharp of Plainfield, Ind.- a student at Plainfield High School in
Plainfield, she is the daughter of James Tharp

Michelle Turner of Danville, Ind.- a student at Danville Community High School
in Danville, she is the daughter of David Turner

Kara Wilson of Mooresville, N.C. – a student at Mooresville High School in
Mooresville, she is the daughter of Larry Wilson

Alternates

Desiree Edwards of Paris, Ill.- a student at Paris Cooperative High School in
Paris, she is the daughter of David Edwards

Cody Gador of Cincinnati, Ohio- a student at Turpin High School in Cincinnati,
he is the son of Rob Gador

Kevin Caldwell of Charlotte, N.C.- a student at Northwest School of the Arts in
Charlotte, he is the son of Kenneth Caldwell

Luke Howard of Augusta, Ky.- a student at Bracken County High School in
Brooksville, he is the son of Darrell Howard

Jessica Ankenman of Florence, Ky.- a student at Ryle High School in Union, she
is the daughter of Dale Ankenman

Duke Energy is one of the largest electric power holding companies in the United
States. Its regulated utility operations serve approximately 4 million customers
located in five states in the Southeast and Midwest, representing a population
of approximately 12 million people. 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 500 company traded on
the New York Stock Exchange under the symbol DUK. More information about the
company is available on the Internet at: www.duke-energy.com.

CONTACT: Tom Shiel
Phone: 704-382-2355
24-Hour: 704-382-8333

SOURCE Duke Energy