June 16, 2009 (FinancialWire) — Duke Energy (NYSE: DUK) has named Lynn J. Good group executive and chief financial officer to replace David L. Hauser, who is retiring from Duke to become chairman and chief executive officer of FairPoint Communications, Inc. (NYSE: FRP).

Good has served as group executive and president of Duke’s commercial businesses for the past 18 months. She previously served as senior vice president and treasurer. Before the merger of Duke Energy and Cinergy in April 2006, Good served as EVP and CFO for Cinergy.

Before joining Cinergy in 2003, Good was a partner with Deloitte & Touche. She started her career at Arthur Anderson. Good assumes her new role at Duke on July 1.

Hauser, who joined Duke in 1973, will take the helm at FairPoint on July 1. The company is headquartered in Charlotte and owns and operates local exchange companies in 18 states, providing services such as local and long distance phone and broadband services. Hauser has served on FairPoint’s board since 2005.

Duke said that a successor to lead Duke Energy’s commercial businesses will be named in the near future. In the interim, Good will continue to lead that business.

Charlotte, North Carolina-based Duke Energy is an electric power holding company in the United States whose regulated utility operations serve around four million customers located in North Carolina, South Carolina, Indiana, Ohio and Kentucky.

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