News Release
Dec. 17, 1998

DUKE POWER’S MOUNTAIN ISLAND HYDRO STATION CELEBRATES 75 YEARS OF SERVICE

Duke Power today celebrates 75 years of service from its Mountain Island Hydro Station.

"Mountain Island went into operation on Dec. 16, 1923 and has worked hard providing electricity for the company and its customers," said Ben Taylor – Duke Power Manager of Hydro Generation. "The station has been a dependable source of power for us when we’ve needed it."

The earth and stone dam and hydroelectric station are located on Mountain Island Lake, just off of Mountain Island Road in Mount Holly. The four units produce 15 megawatts each and are connected to the Duke Power system grid. The electricity generated at the station is used by Duke Power to supply customers in the Piedmont Carolina’s.

"Our hydro stations provide tremendous support to our overall system," said Taylor. "With their operation, we can quickly and efficiently meet the peaking needs of our customers – during the hottest or coldest times of the day – in the most economical way. This helps us effectively manage the cost of electricity to the customer."

Duke Power is a business unit of Duke Energy Corporation (NYSE:DUK) – a global energy company with more than $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: Guynn Savage
Phone: 704 382-8350
24 Hour Phone: 704 382-8333
Email: ghsavage@duke-energy.com