First Quarter 2005 Earnings

Duke Energy today reported first quarter 2005 basic earnings per share (EPS) of $0.91, or $868 million in net income, compared to $0.34 per share in first quarter 2004, or $311 million. On a diluted basis, first quarter 2005 earnings were $0.88 per share, compared to $0.33 in first quarter 2004. An earnings conference call for analyst is scheduled for 10 a.m. ET on Wednesday, May 4.

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