Second Quarter 2005 Earnings

Duke Energy today reported second quarter 2005 basic earnings per share (EPS) of $0.33, or $309 million in net income, compared to $0.46 per share in second quarter 2004, or $432 million. On a diluted basis, second quarter 2005 earnings were $0.32 per share, compared to $0.45 in second quarter 2004. An earnings conference call for analysts is scheduled for 10 a.m. ET on Wednesday, August 3.

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