News Release
April 22, 1998

DUKE ENERGY TRADING AND MARKETING GETS APPROVAL FOR GAS DELIVERIES TO BC GAS

HOUSTON -- Duke Energy Trading and Marketing, L.L.C. will provide up to 50 billion British thermal units per day of natural gas to BC Gas Utility, Ltd. beginning November 1999.

BC Gas received approval Friday from the British Columbia Utilities Commission for Duke Energy to deliver the gas through Northwest Pipeline under a 15-year contract.

This transaction underpins Duke Energy’s participation in Northwest Pipeline’s Columbia Gorge expansion project, which will increase Northwest’s ability to deliver natural gas into the Pacific Northwest market area.

"Participation in Northwest’s expansion project significantly increases Duke’s ability to provide peaking gas supply to meet the growing market requirements in the Pacific Northwest," said Jeff Stokes, senior vice president of Duke Energy Trading and Marketing. "In addition, this project provides diversification to BC Gas’ supply portfolio and effectively serves the increasing requirements for natural gas in the Vancouver area.

Duke Energy Trading and Marketing, which is 60 percent owned by Duke Energy and 40 percent owned by Mobil, markets electric power and natural gas to utilities, municipalities and other large energy users and provides comprehensive related services, including risk management and total energy management.

Duke Energy Corporation (NYSE:DUK) is a global energy company with $20 billion in assets. Duke Energy companies provide electric service to approximately 2 million customers; operate pipelines that deliver 12 percent of the natural gas consumed in the United States; and are leading marketers of electricity, natural gas and natural gas liquids. Globally the companies develop, own and operate energy facilities and provide engineering, management, operating and environmental services. Contact Duke Energy on the World Wide Web at http://www.duke-energy.com.

Contact: John P. Barnett
Phone: 713/627-4072
24 Hour Phone: 704/382-8333
Email: media_relations@duke-energy.com