Duke Energy Corp. subsidiaries to redeem eight series of preferred stock

Wed Feb 6, 2013 4:06pm EST

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CHARLOTTE, N.C.,  Feb. 6, 2013  /PRNewswire/ -- Duke Energy (NYSE: DUK) today
announced that on  March 8, the company will redeem all shares of three series
of preferred stock issued by its subsidiary Progress Energy Carolinas, Inc. and
all shares of five series of preferred stock issued by its subsidiary Progress
Energy Florida, Inc., for a total of approximately  $96 million.

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

The issues being redeemed by Progress Energy Carolinas, Inc. are:

* $5  Preferred Stock, with 236,997 outstanding shares, which will be redeemed
for  $110.00  per share, plus accrued dividends to the redemption date.  
* Serial Preferred Stock,  $5.44  Series, with 249,850 outstanding shares, which
will be redeemed for  $101.00  per share, plus accrued dividends to the
redemption date.  
* Serial Preferred Stock,  $4.20  Series, with 100,000 outstanding shares, which
will be redeemed for  $102.00  per share, plus accrued dividends to the
redemption date.

The issues being redeemed by Progress Energy Florida, Inc. are:

* 4.00 percent Series Preferred Stock, with 39,980 outstanding shares, which
will be redeemed for  $104.25  per share, plus accrued dividends to the
redemption date.  
* 4.75 percent Series Preferred Stock, with 80,000 outstanding shares, which
will be redeemed for  $102.00  per share, plus accrued dividends to the
redemption date.  
* 4.60 percent Series Preferred Stock, with 39,997 outstanding shares, which
will be redeemed for  $103.25  per share, plus accrued dividends to the
redemption date.  
* 4.58 percent Series Preferred Stock, with 99,990 outstanding shares, which
will be redeemed for  $101.00  per share, plus accrued dividends to the
redemption date.  
* 4.40 percent Series Preferred Stock, with 75,000 outstanding shares, which
will be redeemed for  $102.00  per share, plus accrued dividends to the
redemption date.

The previously declared dividend for each series of Progress Energy Florida,
Inc. preferred stock will be paid in the normal manner on  Feb. 15, 2013, to
shareholders of record on  Feb. 1, 2013.

Redemption notices for these series were mailed to shareholders on  Feb. 6. Duke
Energy will serve as the redemption agent for the preferred stock redemption.

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 at:  www.duke-energy.com.

 MEDIA CONTACT:  Jennifer Zajac  
 Phone:          980-373-9242    
 24-Hour:        800-559-3853    
                                 
 ANALYSTS:                       
 Bob Drennan     704-382-4070    
 
Bill Currens   
704-382-1603   


SOURCE  Duke Energy

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