Edgar Filing: Duke Energy CORP

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â YOUNG STEVEN K

2. Date of Event Requiring Statement (Month/Day/Year)
04/03/2006

3. Issuer Name and Ticker or Trading Symbol
Duke Energy CORP [DUK]

(Last)

(First)

(Middle)

526 S. CHURCH STREET

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
VP & Controller

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

CHARLOTTE,Â NCÂ 28202

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock ⁽¹⁾	4,854	D	Â
Common Stock ⁽¹⁾	8,433	I	By Trustee, Retirement Savings Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
LTIP Phantom Stock Grant Feb 2004 ⁽¹⁾	Â ⁽²⁾	Â ⁽³⁾	Common Stock	2,472	$ ⁽⁴⁾	D	Â
LTIP Phantom Stock Grant Feb 2005 ⁽¹⁾	Â ⁽²⁾	Â ⁽³⁾	Common Stock	3,280	$ ⁽⁴⁾	D	Â
Phantom Stock (Chairman's Award August 1999) ⁽¹⁾	08/18/2006⁽⁵⁾	Â ⁽³⁾	Common Stock	8,000	$ ⁽⁴⁾	D	Â
Phantom Stock ESP I ⁽¹⁾	Â ⁽⁶⁾	Â ⁽³⁾	Common Stock	1,044	$ ⁽⁴⁾	I	By Trustee, Executive Savings Plan I
Phantom Stock ESP II ⁽¹⁾	Â ⁽⁷⁾	Â ⁽³⁾	Common Stock	355	$ ⁽⁴⁾	I	By Trustee, Executive Savings Plan II
Stock Option (Right to Buy) ⁽¹⁾	02/17/2002	02/17/2008	Common Stock	2,600	$ 27.63	D	Â
Stock Option (Right to Buy) ⁽¹⁾	02/17/2003	02/17/2009	Common Stock	6,000	$ 29.66	D	Â
Stock Option (Right to Buy) ⁽¹⁾	12/20/2003	12/20/2009	Common Stock	4,200	$ 24.88	D	Â
Stock Option (Right to Buy) ⁽¹⁾	12/20/2004	12/20/2010	Common Stock	7,600	$ 42.81	D	Â
Stock Option (Right to Buy) ⁽¹⁾	12/19/2005	12/19/2011	Common Stock	9,800	$ 37.68	D	Â
Stock Option (Right to Buy) ⁽¹⁾	01/17/2002	01/17/2012	Common Stock	1,500	$ 38.33	D	Â
Stock Option (Right to Buy) ⁽¹⁾	01/28/2003	01/28/2013	Common Stock	1,400	$ 17.1	D	Â
Stock Option (Right to Buy) ⁽¹⁾	Â ⁽⁸⁾	02/25/2013	Common Stock	8,200	$ 13.77	D	Â
Stock Option (Right to Buy) ⁽¹⁾	Â ⁽⁹⁾	04/01/2013	Common Stock	1,800	$ 14.54	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
YOUNG STEVEN K 526 S. CHURCH STREET CHARLOTTE,Â NCÂ 28202	Â	Â	Â VP & Controller	Â

Signatures

By: Judy Z. Mayo, Attorney-in-fact for		04/12/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	On April 3, 2006, Duke Power Company, LLC, formerly known as Duke Energy Corporation (Predecessor), merged into a wholly-owned subsidiary of Duke Energy Corporation, formerly known as Duke Energy Holding Corp. (Issuer). In connection with the merger, each share of Predecessor's common stock was converted into the right to receive one share of Issuer's common stock.
(2)	The phantom stock vests in 5 equal annual installments beginning on the first anniversary of the grant date.
(3)	Expiration date not applicable.
(4)	Converts to Common Stock on a 1-for-1 basis.
(5)	May vest earlier upon achievement of specified total shareholder return.
(6)	Payable upon termination of employment or occurrence of other events as specified in the Executive Savings Plan I.
(7)	Payable upon termination of employment or occurrence of other events as specified in the Executive Savings Plan II, subject to holding periods required by law.
(8)	Final installment of one-fourth of the original grant vests on February 25, 2007; remainder fully vested as of February 25, 2006.
(9)	Final installment of one-fourth of the original grant vests on April 1, 2007; remainder fully vested as of April 1, 2006.

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