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 * SHAW RUTH G   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) Pres & CEO, Duke Power Company (Last) (First) (Middle) 526 SOUTH CHURCH STREET 3. Date of Earliest Transaction (Month/Day/Year) 03/31/2006 (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   7,093 D $ 0 0 D   Common Stock 04/03/2006(1)   D   12,012 D $ 0 0 I By Trustee under Retirement Savings Plan Common Stock 04/03/2006(1)   D   9,497 D $ 0 0 I By Trustee, Dividend Reinvestment Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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			2,738	(3)	(4)	Common Stock	2,738	$ 0	0	D
LTIP Phantom Stock 2004 Grant	(2)	04/03/2006(1)		D			17,550	(5)	(4)	Common Stock	17,550	$ 0	0	D
LTIP Phantom Stock Grant Feb 2005	(2)	04/03/2006(1)		D			18,608	(6)	(4)	Common Stock	18,608	$ 0	0	D
Performance Shares	(2)	04/03/2006(1)		D			18,667	(7)	(4)	Common Stock	18,667	$ 0	0	D
Phantom Stock	(2)	04/03/2006(1)		D			32,077	(8)	(4)	Common Stock	32,077	$ 0	0	D
Phantom Stock II	(2)	03/31/2006		A		1,461		(9)	(4)	Common Stock	1,461	$ 0	4,589	D
Phantom Stock II	(2)	04/03/2006(1)		D			4,589	(9)	(4)	Common Stock	4,589	$ 0	0	D
Stock Option (Right to Buy)	$ 29.47	04/03/2006(1)		D			200,000	(10)	04/16/2008	Common Stock	200,000	$ 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			123,600	(12)	12/20/2010	Common Stock	123,600	$ 0	0	D
Stock Option (Right to Buy)	$ 37.68	04/03/2006(1)		D			91,500	(13)	12/19/2011	Common Stock	91,500	$ 0	0	D
Stock Option (Right to Buy)	$ 13.77	04/03/2006(1)		D			110,000	(14)	02/25/2013	Common Stock	110,000	$ 0	0	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SHAW RUTH G 526 SOUTH CHURCH STREET CHARLOTTE, NC 282021802			Pres & CEO, Duke Power Company

Signatures

By: Judy Z. Mayo, as Attorney-in-Fact for		04/04/2006
**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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