updated: 2/27/2012 10:55:10 AM

InsideINdianaBusiness.com Report http://www.insideindianabusiness.com/newsitem.asp?ID=52400

Duke Energy Indiana is looking to purchase 400 megawatts of power between 2014 and 2017. The utility says the request for intermediate and/or peaking power is part of a response to stricter federal environmental regulations.

February 27, 2012

News Release

PLAINFIELD, Ind., Feb. 27, 2012 -- Duke Energy Indiana issued a request for proposals today for up to 400 megawatts of intermediate and/or peaking power for delivery between 2014 and 2017.

The request for purchased power is one portion of the company's plan to respond to stricter federal environmental regulations. Duke Energy Indiana also is completing a new, advanced technology coal plant in southern Indiana that will help address its Indiana power needs in light of possible generating unit retirements.

The resources must be operated by a Midwest Independent Transmission System Operator (MISO) regional transmission grid participant and dispatched into the Midwest regional transmission grid. Bids should include capacity and energy for a minimum of one year. Specifically the company is looking for purchased power in the MISO planning years of: 2014/2015; 2015/2016; 2016/2017.

The company will evaluate proposals from qualified bidders on cost and other factors. Proposals are due no later than March 30, 2012, at 5 p.m. EDT. Interested parties should review the full request for proposal guidelines at: http://DukeEnergyIndianaRFP.com .

The company has retained Burns & McDonnell to act as an independent consultant to assist with this request for proposal. All respondents will work with Burns & McDonnell for all communications including questions and bid submittal. Inquiries should only be made via email to: DukeEnergyIndianaRFP@burnsmcd.com .

Duke Energy Indiana's operations provide approximately 7,000 megawatts of owned electric capacity to approximately 790,000 customers, making it the state's largest electric supplier.

Duke Energy (NYSE: DUK) is one of the largest electric power holding companies in the United States. Its regulated utility operations serve approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 12 million people. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com .

Source: Duke Energy Corp.