News Release
May 22, 1998

Duke Engineering & Services To Acquire Environmental Consulting Firm

Charlotte, NC (May 22, 1998) -- Duke Engineering & Services, Inc. (DE&S) today announced the company has signed a letter of intent to acquire Cascades Environmental Services Inc. (CES), an environmental consulting firm specializing in hydropower and water resources and located in Bellingham, Wash. Terms were not disclosed.

The acquisition would expand the availability of DE&S’ environmental and regulatory services in the Pacific Northwest. DE&S’ Hydropower and Water Resources business unit currently employs more than 100 engineers, environmental scientists and regulatory specialists in Portland, Maine; Sacramento, Calif; Bothell, Wash.; and Charlotte, N.C.

"Joining forces with CES would strengthen our resources in the western U.S., particularly in the natural resources and environmental areas," said John Devine, DE&S’ vice president of Hydropower and Water Resources. "In addition, our companies share a culture of commitment to service and to earning our clients’ trust each day."

DE&S, an independently operated affiliate of Duke Energy, specializes in energy and environmental projects, offering comprehensive engineering, regulatory and environmental consulting services to hydropower and other clients worldwide. At 3,000 employees, DE&S is one of the largest engineering and consulting firms in the United States, and has performed work in more than 50 countries. DE&S currently has 33 domestic and 15 international offices. CBS specializes in environmental and regulatory services for hydropower, mining, forestry and water resources related projects throughout the western U.S. Its areas of expertise include fisheries and aquatic sciences; water quality; wildlife, botanical and wetland resources; endangered species; watershed analyses; and adaptive management planning.

Contact: Lucinda Trew
Phone: (704) 382-8333
24 Hour Phone: (704) 382-8333
Email: media_relations@duke-energy.com