Paul M. Anderson
58, Chairman of the Board and Chief Executive Officer, Duke Energy. Director since 2003. Paul Anderson rejoined Duke Energy in November, having served as its first President and Chief Operating Officer after the 1997 merger of Duke Power and PanEnergy.

G. Alex Bernhardt, Sr.
61, Chairman and Chief Executive Officer, Bernhardt Furniture Company. Audit Committee. Nuclear Oversight Committee. Director since 1991. Besides leading the family business in Lenoir, N.C., Bernhardt serves as a director of Cities in Schools and Smart Start, and on the Davidson College Board of Trustees.

Robert J. Brown
69, Chairman and Chief Executive Officer, B&C Associates Inc. Audit Committee. Corporate Governance Committee. Director since 1994. Brown founded B&C Associates Inc., a marketing research and public relations firm in High Point, N.C. He serves on the Board of Trustees of the National Urban League.

William T. Esrey
64, Chairman Emeritus, Sprint Corporation. Chairman, Japan Telecom. Audit Committee. Director since 1985. Esrey joined Sprint in 1980, and went on to serve as the company's Chief Financial Officer, President, Chief Executive Officer and Chairman. He joined Japan Telecom in 2003.

Ann Maynard Gray
58, Former President, Diversified Publishing Group of ABC Inc. Corporate Governance Committee. Compensation Committee. Nuclear Oversight Committee. Finance and Risk Management Committee. Director since 1994. At American Broadcasting Companies Inc., Gray also held positions as Treasurer and Vice President of Planning. She currently serves as a trustee for J.P. Morgan funds.

George Dean Johnson, Jr.
61, Chief Executive Officer and Director, Extended Stay America Inc. Chairman, Finance and Risk Management Committee. Director since 1986. Johnson is also Chairman of Johnson Development Associates Inc. He served in the S.C. House of Representatives and as a director of the Federal Reserve Bank of Richmond.

Max Lennon
63, President, Education and Research Services. Chairman, Audit Committee. Director since 1988. Lennon is a former president of Clemson University and Mars Hill College. He also served as President and Chief Executive Officer of Eastern Foods Inc.

Leo E. Linbeck, Jr.
69, Senior Chairman, Linbeck Corporation. Chairman, Compensation Committee. Finance and Risk Management Committee. Director since 1986. Linbeck Corp. is a group of two construction-related firms headquartered in Houston, Texas. Linbeck is past Chairman and director of the Federal Reserve Bank of Dallas.

James G. Martin
68, Corporate Vice President, Carolinas HealthCare System. Chairman, Corporate Governance Committee. Compensation Committee. Nuclear Oversight Committee. Director since 1994. Martin was Governor of the state of North Carolina from 1985 to 1993, and previously was a U.S. Congressman. He is Chairman of the Global TransPark Foundation Inc.

Michael E.J. Phelps
56, Chairman, Dornoch Capital Inc. Chairman, Duke Energy Canadian Advisory Council. Corporate Governance Committee. Finance and Risk Management Committee. Director since 2002. Phelps is former Chairman of the Board and Chief Executive Officer of Westcoast Energy Inc., acquired by Duke Energy in 2002.

James T. Rhodes
62, Retired Chairman, President and Chief Executive Officer, Institute of Nuclear Power Operations. Chairman, Nuclear Oversight Committee. Audit Committee. Director since 2001. Rhodes was formerly President and Chief Executive Officer of Virginia Power. He currently serves on the Executive Committee of the Nuclear Energy Institute.

Richard B. Priory
In October 2003, Rick Priory announced his retirement and stepped down as Chairman and CEO. Duke Energy thanks him for his leadership and contributions over his 27 years with the company, and wishes him well in his retirement.