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 *
  TURNER JAMES L
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)
Group Executive & CCO-FE&G
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CHARLOTTE, NC 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 33,728.9956 (1)
D
 
Common Stock 4,323.6155 (1)
I
By 401(k)
Common Stock 50,388 (1)
I
By Spouse

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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock   (2)   (2) Common Stock 1,065.953 (1) $ (3) D  
Stock Option (Right to buy) 04/16/2000 04/16/2007 Common Stock 3,588 (1) $ 21.715 D  
Stock Option (Right to buy) 01/01/2001 01/01/2008 Common Stock 3,588 (1) $ 24.74 D  
Stock Option (Right to buy) 01/01/2002 01/01/2009 Common Stock 3,588 (1) $ 21.875 D  
Stock Option (Right to buy)   (4) 12/14/2009 Common Stock 49,336 (1) $ 15.264 D  
Stock Option (Right to buy) 01/19/2003 01/19/2010 Common Stock 31,824 (1) $ 15.625 D  
Stock Option (Right to buy) 07/18/2003 07/18/2010 Common Stock 12,480 (1) $ 17.488 D  
Stock Option (Right to buy) 01/01/2004 01/01/2011 Common Stock 24,180 (1) $ 22.496 D  
Stock Option (Right to buy) 01/01/2005 01/01/2012 Common Stock 29,952 (1) $ 21.561 D  
Stock Option (Right to buy) 01/01/2006 01/01/2013 Common Stock 29,952 (1) $ 21.718 D  
Stock Option (Right to buy) 01/01/2007 01/01/2014 Common Stock 30,888 (1) $ 24.837 D  
Stock Option (Right to buy) 01/01/2008 01/01/2015 Common Stock 30,888 (1) $ 26.788 D  
Stock Option (Right to buy) 01/01/2009 01/01/2016 Common Stock 35,100 (1) $ 27.208 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TURNER JAMES L
526 S. CHURCH STREET
CHARLOTTE, NC 28202
      Group Executive & CCO-FE&G  

Signatures

By: David S. Maltz, attorney-in-fact 04/13/2006
**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, Cinergy Corp. ('Issuer') merged into a wholly-owned subsidiary of Duke Energy Holding Corp. (now known as Duke Energy Corporation) ('Duke Energy'). In connection with the merger, each share of Issuer's common stock was converted into the right to receive 1.56 shares of Duke Energy's common stock and each stock option of Issuer was converted by multplying the number of Issuer shares previously covered by the option by 1.56 and dividing the prior exercise price of the option by 1.56.
(2) Generally payable upon reporting person's termination of service.
(3) The derivative security converts into common stock on a one-for-one basis and will be settled in stock.
(4) The reporting person was granted 50,000 stock options on December 14, 1999. The options became exercisable in five equal annual installments.

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