X0202 4 2005-02-24 0 0000030371 DUKE ENERGY CORP DUK 0001237305 HAUSER DAVID L 526 SOUTH CHURCH STREET CHARLOTTE NC 282021802 0 1 0 0 Group VP and CFO Common Stock 2005-02-24 4 M 0 4212 0 A 4212 I By Trustee, Executive Savings Plan II Common Stock 338 D Common Stock 21985 I By Trustee under Retirement Savings Plan LTIP Phantom Stock 2004 Grant 2005-02-24 4 M 0 4212 0 D Common Stock 4212 16848 D LTIP Phantom Stock Grant Feb 2005 2005-02-28 4 A 0 23710 0 A Common Stock 23710 23710 D 1-for-1 The phantom stock vests in 5 equal annual installments beginning on February 24, 2005. FOR ELECTRONIC FILING PURPOSES ONLY. Expiration date not applicable. One fifth will vest on each of the first five anniversaries of the grant date provided the recipient continues to be employed by the registrant or employment terminates on account of retirement. Proration and immediate vesting apply if the recipient's employment terminates as a result of death, disability, or by the registrant without cause or as a result of a divestiture. Vesting upon separation from service will occur if the executive's employment is terminated by Duke Energy without cause within two years following a "change in control" (as defined in the Duke Energy 1998 Long-Term Incentive Plan). By: Judy Z. Mayo, as Attorney-in-Fact for 2005-02-28