April 10, 2007

Duke, Dell Push Shareholders to Paperless Delivery

Duke Energy made an $80,000 donation to The Nature Conservancy on behalf of the approximately 80,000 shareholders who last year chose electronic delivery of the Duke Energy 2006 Summary Annual Report, the Duke Energy Form 10-K and the company’s proxy statement.

“In last year’s annual report, we pledged to donate $1 to the Conservancy for every shareholder who chose electronic delivery of our financial information, and we’re pleased at the response,” said Duke Energy CEO James Rogers. 

In similiar news, Dell announced yesterday that it is offering shareholders a new way to enroll in electronic delivery of the company’s annual 10-K report, proxy statement and other financial materials. The company also announced plans to avoid the use of nearly 255,000 pounds of paper by replacing the printed Year in Review with an interactive online resource center.

For each shareholder who participates, Dell will make a donation to The Conservation Fund and Carbonfund.org to plant a new tree in a sustainably managed forest.

In addition to new trees, the company estimates total potential savings of 678,000 pounds of paper, or the equivalent of more than 7,000 trees if 100 percent of its shareholders participate.

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