Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
OSBORNE RICHARD J
   2. Issuer Name and Ticker or Trading Symbol
Duke Power CO LLC [DUK] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Group VP, Public & Reg Policy
(Last)
(First)
(Middle)
526 SOUTH CHURCH STREET		 3. Date of Earliest Transaction (Month/Day/Year)
04/03/2006
(Street)

CHARLOTTE, NC 282021802		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Stock 04/03/2006(1)   D   22,768 D $ 0 0 D  
Common Stock 04/03/2006(1)   D   22,692 D $ 0 0 I By Trustee under Retirement Savings Plan
Common Stock 04/03/2006(1)   D   4,480 D $ 0 0 I By Trustee, Dividend Reinvestment Plan

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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
LTIP Phantom Stock 2001 Grant (2) 04/03/2006(1)   D     3,225   (3)   (4) Common Stock 3,225 $ 0 0 D  
LTIP Phantom Stock 2004 Grant (2) 04/03/2006(1)   D     15,162   (5)   (4) Common Stock 15,162 $ 0 0 D  
LTIP Phantom Stock Grant Feb 2005 (2) 04/03/2006(1)   D     10,216   (6)   (4) Common Stock 10,216 $ 0 0 D  
Performance Shares (2) 04/03/2006(1)   D     38,667   (7)   (4) Common Stock 38,667 $ 0 0 D  
Phantom Stock (2) 04/03/2006(1)   D     27,487   (8)   (4) Common Stock 27,487 $ 0 0 D  
Phantom Stock (Performance Vested) (2) 04/03/2006(1)   D     161 08/08/1988(8)   (4) Common Stock 0 $ 0 0 D  
Phantom Stock II (2) 04/03/2006(1)   D     4,398   (9)   (4) Common Stock 4,398 $ 0 0 D  
Stock Option (Right to Buy) $ 29.47 04/03/2006(1)   D     80,000   (10) 04/16/2008 Common Stock 80,000 $ 0 0 D  
Stock Option (Right to Buy) $ 24.88 04/03/2006(1)   D     93,000   (11) 12/20/2009 Common Stock 93,000 $ 0 0 D  
Stock Option (Right to Buy) $ 42.81 04/03/2006(1)   D     104,000   (12) 12/20/2010 Common Stock 104,000 $ 0 0 D  
Stock Option (Right to Buy) $ 37.68 04/03/2006(1)   D     107,800   (13) 12/19/2011 Common Stock 107,800 $ 0 0 D  
Stock Option (Right to Buy) $ 38.33 04/03/2006(1)   D     28,000 01/17/2002 01/17/2012 Common Stock 28,000 $ 0 0 D  
Stock Option (Right to Buy) $ 13.77 04/03/2006(1)   D     97,200   (14) 02/25/2013 Common Stock 97,200 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
OSBORNE RICHARD J
526 SOUTH CHURCH STREET
CHARLOTTE, NC 282021802		       Group VP, Public & Reg Policy  

Signatures

 By: Judy Z. Mayo, as Attorney-in-Fact for   04/05/2006
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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 4 equal annual installments beginning on December 19, 2002.
(4) Expiration date not applicable.
(5) The phantom stock vests in 5 equal annual installments beginning on February 24, 2005.
(6) The phantom stock vests in 5 equal annual installments beginning on February 28, 2006.
(7) The award vests upon the seventh anniversary of the transaction date but may vest earlier upon achievement of certain increases in total shareholder return.
(8) Paid in cash upon termination of employment or occurrence of other events as specified in the Executive Savings Plan I.
(9) Paid in cash upon the termination of employment or occurrence of other events as specified in the Executive Savings Plan II, subject to holding periods required by law.
(10) The option vests in 5 equal annual installments beginning on April 16, 1999.
(11) The option vests in 4 equal annual installments beginning on December 20, 2000.
(12) The option vests in 4 equal annual installments beginning on December 20, 2001.
(13) The option vests in 4 equal annual installments beginning on December 19, 2002.
(14) The option vests in 4 equal annual installments beginning on February 25, 2004.

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