Roger Agnelli
President and Chief Executive Officer (CEO), Companhia Vale do Rio Doce (CVRD), Rio de Janeiro, Brazil. Compensation and Finance and Risk Management Committees.
Agnelli became a member of Duke Energy’s board of directors in 2004. He joined CVRD as chairman of the board in 2000. He serves on the boards of Swiss-based ABB Ltd. and Suzano Petroquimica, and is a member of the International Investments Council, the New York Stock Exchange International Committee, and the Economic and Social Development Council (CDES), an advisory council to the president of Brazil.

Paul M. Anderson
Chairman of the Board, Duke Energy.
Anderson rejoined Duke Energy as chairman and CEO in 2003, after retiring as managing director and CEO of Australia-based BHP Billiton. He was Duke Energy’s first president and chief operating officer after the 1997 merger of Duke Power and PanEnergy. Anderson is a director of Qantas Airways Limited, a global counselor for the Conference Board and adjunct professor in global sustainability at RMIT University in Melbourne, Victoria. He was recently appointed to the President’s Council of Advisors on Science and Technology.

William Barnet III
President, The Barnet Co. Inc., and Chairman, William Barnet & Son LLC. Audit and Nuclear Oversight Committees.
Barnet, who joined Duke Energy’s board in 2005, is president of a real estate and investment firm and chairman of a 108-year old textile company. He has been mayor of Spartanburg, S.C., since 2002. He serves on the board of directors of Bank of America and is a trustee of The Duke Endowment. Barnet was named to the South Carolina Business Hall of Fame in 2004.

G. Alex Bernhardt Sr.
Chairman and CEO, Bernhardt Furniture Co. Audit and Nuclear Oversight Committees.
Bernhardt joined Duke Energy’s board in 1991. Besides leading the family business in Lenoir, N.C., he serves on the board of directors of Cities in Schools. He is director emeritus and past president of the American Furniture Manufacturers Association, and past president of the International Home Furnishings Marketing Association.

Michael G. Browning
President and Chairman of the Board, Browning Investments Inc. Corporate Governance and Nuclear Oversight Committees.
Browning joined Cinergy’s board in 1994 and is a director of PSI Energy. He is a member of the boards of directors of the Indianapolis Economic Development Commission, Indianapolis Downtown Inc. and the Indianapolis Museum of Art. He serves on the St. Vincent Hospital and Health Care Center advisory board and the State of Indiana Public Officers Compensation Commission.

Phillip R. Cox
President and CEO, Cox Financial Corp. Chair, Audit Committee.
Cox became a Cinergy director in 1994 and is a former director of Cincinnati Gas & Electric. He is chairman of the boards of Cincinnati Bell and the University of Cincinnati, chairman of the Federal Reserve Bank’s Audit Committee, and board member of Bethesda Hospital, Touchstone Mutual Funds and Timken Co. He also chairs the Cincinnati Business Committee.

William T. Esrey
Chairman Emeritus, Sprint Corp. Audit and Corporate Governance Committees.
Esrey joined Duke Energy’s board in 1985. His career in telecommunications has spanned more than 40 years. He joined Sprint in 1980 and went on to serve as the company’s chief financial officer, president, CEO and chairman. He also served as chairman of Japan Telecom from 2003 to 2004. Esrey serves on the board of directors of General Mills, and is a member of The Business Council.

Ann Maynard Gray
Former President, Diversified Publishing Group of ABC Inc. Lead Director. Chair, Corporate Governance Committee. Compensation and Finance and Risk Management Committees.
Gray became a Duke Energy director in 1994. She held a number of senior positions with American Broadcasting Companies including senior vice president of finance, treasurer and vice president of planning. She serves on the boards of The Phoenix Companies and Elan Corp., and is a past member of the board of trustees of J.P. Morgan Funds.

James H. Hance Jr.
Retired Vice Chairman, Chief Financial Officer and Board member, Bank of America. Chair, Compensation Committee. Finance and Risk Management Committee.
Hance joined Duke Energy’s board in 2005. A certified public accountant, he spent 17 years with Price Waterhouse. He serves on the boards of directors for Sprint Nextel Corp., EnPro Industries, Cousins Properties Inc. and Rayonier Corp. He is a trustee of Washington University and serves on the boards of the Foundation of the University of North Carolina at Charlotte and the March of Dimes.

Dennis R. Hendrix
Retired Chairman of the Board, PanEnergy Corp. Compensation, Corporate Governance and Finance and Risk Management Committees.
Hendrix rejoined Duke Energy’s board in 2004, having previously served from 1997 to 2002. He was chairman of PanEnergy prior to its merger with Duke Power in 1997, and previously CEO and president. He serves on the boards of Allied Waste Industries Inc., Newfield Exploration Co. and Grant Prideco, and is director of the Robert A. Welch Foundation.

Michael E. J. Phelps
Chairman, Dornoch Capital Inc. Chair, Finance and Risk Management Committee. Corporate Governance Committee.
Phelps was chairman and CEO of Westcoast Energy Inc. before its merger with Duke Energy in 2002, when he joined Duke Energy’s board. He is a member of the boards of directors of Canadian Pacific Railway Co., Canfor Corp. and the Fairborne Energy Trust, and serves as chairman of the boards of the GLOBE Foundation of Canada and Kodiak Exploration Ltd.

James T. Rhodes
Retired Chairman, President and CEO, Institute of Nuclear Power Operations (INPO). Chair, Nuclear Oversight Committee. Audit Committee.
Rhodes became a director of Duke Energy in 2001. The former president and CEO of Virginia Power, he is a member of the Electric Power Research Institute’s advisory council. Rhodes is a former board member of INPO, the Nuclear Energy Institute, Virginia Electric and Power Co., Dominion Resources Inc., Edison Electric Institute, the Southeastern Electric Exchange and NationsBank N.A.

James E. Rogers
President and CEO, Duke Energy.
Rogers was chairman and CEO of Cinergy before its merger with Duke Energy, and was formerly chairman, president and CEO of PSI Energy. He serves on the boards of Fifth Third Bancorp and Fifth Third Bank, the American Gas Association, the U.S. Chamber of Commerce, the Business Roundtable, the National Coal Council and the Nicholas Institute for Environmental Policy Solutions, as well as on the Edison Electric Institute’s Executive Committee.

Mary L. Schapiro
Vice Chairman, National Association of Securities Dealers (NASD) and President of the Regulatory Policy and Oversight Division. Audit and Corporate Governance Committees.
Schapiro became a Cinergy director in 1999. She is a member of the board of governors of NASD, the world’s largest private sector securities regulator. Previously, as chairman of the Commodity Futures Trading Commission, she participated in the President’s Working Group on Financial Markets. She also served as a commissioner of the Securities and Exchange Commission for six years.

Dudley S. Taft
President, Taft Broadcasting Co. Compensation and Nuclear Oversight Committees.
Taft served on Cinergy’s board beginning in 1994 and was a director of Cincinnati Gas & Electric from 1985 until 1995. He serves on the boards of The Union Central Life Insurance Co., Fifth Third Bancorp, Fifth Third Bank and Tribune Co. He is chairman of the Cincinnati Association for the Arts and a trustee of Boys and Girls Clubs of Greater Cincinnati.

Advisor to Chairman of the Board
Jim W. Mogg
Mogg was group vice president and chief development officer before the merger with Cinergy. He was responsible for Duke Energy strategy and corporate transactions, mergers and acquisitions, human resources, diversity, employee development and Crescent Resources, the company’s real estate affiliate. Crescent continues to report to him in his new position. Mogg previously served as chairman, president and CEO of Duke Energy Field Services.