Amendment to Duke Energy Corporation 1998 Long-Term Incentive Plan

Summary

This amendment, effective February 27, 2007, modifies the Duke Energy Corporation 1998 Long-Term Incentive Plan. It changes the provision regarding the source of shares of Common Stock to be delivered under the plan, allowing them to come from authorized but unissued shares, treasury stock, or shares acquired in the open market. The amendment is executed by an authorized officer of Duke Energy Corporation.

EX-10.6 5 dex106.htm AMENDMENT TO DUKE ENERGY CORP 1998 LONG-TERM INCENTIVE PLAN Amendment to Duke Energy Corp 1998 Long-Term Incentive Plan

Exhibit 10.6

AMENDMENT TO

DUKE ENERGY CORPORATION

1998 LONG-TERM INCENTIVE PLAN

The Duke Energy Corporation 1998 Long-Term Incentive Plan (the “Plan”) is amended, effective as of February 27, 2007, as follows:

1. The second sentence of Section 3.1 of the Plan is hereby amended in its entirety to read as follows:

“The shares of Common Stock to be delivered under the Plan will be made available from authorized but unissued shares of Common Stock, treasury stock or shares of Common Stock acquired in the open market.”

This amendment has been signed by an authorized officer of Duke Energy Corporation as of the date specified above.

DUKE ENERGY CORPORATION

/s/ Christopher C. Rolfe

Christopher C. Rolfe

Group Executive and

Chief Administrative Officer