Duke Energy Income Fund

Duke Energy Income Fund

October 20, 2006 13:03 ET

Duke Energy Income Fund Declares October Distribution

CALGARY, ALBERTA--(CCNMatthews - Oct. 20, 2006) - Duke Energy Income Fund (TSX:DET.UN) has declared a monthly distribution relating to the period October 1, 2006 to October 31, 2006, of $0.07 per unit payable on November 15, 2006 to unitholders of record on October 31, 2006.

Duke Energy Income Fund is an unincorporated open-ended trust established under the laws of the Province of Alberta and owns a 53.8% interest in Duke Energy Facilities LP. Duke Energy Corporation ("Duke Energy") indirectly owns the remaining 46.2 % interest of Duke Energy Facilities LP and is the sponsor of the Fund. Duke Energy Facilities LP owns one of the largest independent midstream operations in the Western Canadian Sedimentary Basin ("WCSB") with interests in thirteen natural gas processing plants with a net processing capacity of 904 mmcf/d and over 1,600 kilometres of natural gas gathering pipelines located throughout natural gas prone areas in the western extent of the WCSB. More information on Duke Energy Income Fund can be found at: http://www.dukeenergy incomefund.com.

Duke Energy Gas Transmission ("DEGT") is a North American leader in the long-haul transportation and storage of natural gas. For more than a half-century, DEGT and its predecessor companies have developed the critically important pipelines and related energy infrastructure that connects natural gas supply sources to premium markets. Based in Houston, Texas, the company's assets include about 17,500 miles of transmission pipeline and 250 billion cubic feet of storage capacity in the U.S. and transmission pipeline and 250 billion cubic feet of storage capacity in the U.S. and Canada. DEGT also has natural gas gathering, processing and distribution assets and natural gas liquids operations that are among the largest in Canada. More information can be found at: http://www.degt.duke-energy.com.

Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in the Americas. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: http://www.duke-energy.com.

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