Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

In connection with the recent announcement that Ms. Lynn J. Good would succeed Mr. David L. Hauser as Group Executive and Chief Financial Officer of Duke Energy Corporation (the "Company"), the Company announced the following organizational changes.

B. Keith Trent, currently Group Executive and Chief Strategy, Policy and Regulatory Officer, was named Group Executive and President of the Company's Commercial Businesses. The Commercial Businesses organization includes Duke Energy Generation Services, which houses the Company's wind generation business, Midwest non-regulated generation, DukeNet, a telecommunications business, and Duke Energy International, with operations in Latin America.

James L. Turner, currently Group Executive, President and Chief Operating Officer for U.S. Franchised Electric & Gas ("FE&G"), is assuming expanded responsibilities in FE&G. Turner will take on responsibility for regulatory strategy and execution at the state and federal levels. These responsibilities will align with the existing customer-facing functions to provide a comprehensive approach to managing customer relationships. The state presidents for Duke Energy Carolinas, Duke Energy Ohio, Duke Energy Kentucky and Duke Energy Indiana will report to Turner.

Dhiaa M. Jamil, currently Group Executive and Chief Nuclear Officer, was named Group Executive and Chief Generation Officer. In his expanded role, Jamil, who will also retain the title of Chief Nuclear Officer, will have accountability for nuclear, fossil and hydro regulated generation.

---