| (dollars in millions, except per share amounts; shares in thousands) | |||
| Progress Energy common shares outstanding at July 2, 2012 | 296,116 | ||
| Exchange ratio | 0.87083 | ||
| Duke Energy common shares issued for Progress Energy common shares outstanding | 257,867 | ||
| Closing price of Duke Energy common shares on July 2, 2012 | $ | 69.84 | |
| Purchase price for common stock | $ | 18,009 | |
| Fair value of outstanding earned stock compensation awards | 62 | ||
| Total purchase price | $ | 18,071 | |