Dear Jayne,

One of the best places to find out information like this is in the Investor relations section of the Company website.

On the Duke website, there is a Mergers and Acquisitions section which describes that the reverse split was undertaken as preparation for a merger with Progress Energy. They describe it in further detail here:

http://www.duke-energy.com/pdfs/Duke-Progress-final-Proxy.pdf

What this means to you as an investor, I don't have any thoughts on since this is not a company I follow. Maybe others do and can share their opinions here.

Laurie Frederiksen
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