SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

GRAY ANN MAYNARD

(Last)

(First)

(Middle)

1262 ROCKRIMMON

(Street)

STAMFORD

06903

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Duke Power CO LLC [ DUK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/03/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/03/2006⁽¹⁾		D		18,356	D	$0	0	D
Common Stock	04/03/2006⁽¹⁾		D		28,538	D	$0	0	I	By Trustee under Directors' Savings Plan
Common Stock	04/03/2006⁽¹⁾		D		2,289	D	$0	0	I	By Trustee, Dividend Reinvestment Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
LTIP Phantom Stock 2004 Grant	⁽²⁾	04/03/2006⁽¹⁾		D			900	⁽³⁾	⁽⁴⁾	Common Stock	900	$0	0	D
LTIP Phantom Stock Grant Feb 2005	⁽²⁾	04/03/2006⁽¹⁾		D			1,456	⁽⁵⁾	⁽⁴⁾	Common Stock	1,456	$0	0	D
LTIP Phantom Stock Grant May, 2004	⁽²⁾	04/03/2006⁽¹⁾		D			720	⁽⁶⁾	⁽⁴⁾	Common Stock	720	$0	0	D
LTIP Phantom Stock Grant May, 2005	⁽²⁾	04/03/2006⁽¹⁾		D			540	⁽⁷⁾	⁽⁴⁾	Common Stock	540	$0	0	D
Stock Option (Right to Buy)	$26.91	04/03/2006⁽¹⁾		D			3,600	⁽⁸⁾	04/15/2009	Common Stock	3,600	$0	0	D
Stock Option (Right to Buy)	$24.88	04/03/2006⁽¹⁾		D			4,000	⁽⁹⁾	12/20/2009	Common Stock	4,000	$0	0	D
Stock Option (Right to Buy)	$42.81	04/03/2006⁽¹⁾		D			4,000	⁽¹⁰⁾	12/20/2010	Common Stock	4,000	$0	0	D
Stock Option (Right to Buy)	$37.68	04/03/2006⁽¹⁾		D			4,000	⁽¹¹⁾	12/19/2011	Common Stock	4,000	$0	0	D
Stock Option (Right to Buy)	$13.77	04/03/2006⁽¹⁾		D			4,000	⁽¹²⁾	02/25/2013	Common Stock	4,000	$0	0	D

Explanation of Responses:

1. On April 3, 2006, Duke Energy Corporation, now known as Duke Power Company, LLC (Issuer), merged into a wholly-owned subsidiary of Duke Energy Holding Corp., now known as Duke Energy Corporation (Successor). In connection with the merger, each share of Issuer's common stock was converted into the right to receive one share of Successor's common stock.

2. Converts to Common Stock on a 1-for-1 basis.

3. The phantom stock vests in 5 equal annual installments beginning on February 24, 2005.

4. Expiration date not applicable.

5. The phantom stock vests in 5 equal annual installments beginning on February 28, 2006.

6. The phantom stock vests in 5 equal annual installments beginning on May 13, 2005.

7. The phantom stock vests in 5 equal annual installments beginning on May 12, 2006.

8. The option vests in 4 equal annual installments beginning on April 15, 2000.

9. The option vests in 4 equal annual installments beginning on December 20, 2000.

10. The option vests in 4 equal annual installments beginning on December 20, 2001.

11. The option vests in five equal annual installments beginning on December 19, 2002.

12. The option vests in 4 equal annual installments beginning on February 25, 2004.

Remarks:

	By: Judy Z. Mayo, as Attorney-in-Fact for	04/05/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.