News Release
Nov. 16, 1998

TWO DUKE POWER COAL-FIRED STATIONS LEAD NATION IN EFFICIENCY

CHARLOTTE Electric Light & Power (EL&P), a utility industry magazine, reports that two of Duke Power’s coal-fired stations are ranked top in efficiency in the United States.

To earn the efficiency honors, Duke’s Belews Creek Steam Station in Stokes County and Marshall Steam Station in Catawba County boasted winning heat rates of 8,962 Btu per kilowatt-hour and 9,009 Btu per kilowatt-hour, respectively.

"We are proud that Duke Power has operated the most efficient coal-fired stations in the United States for over 20 years," said Curtis Davis, Duke Power’s senior vice president – power generation. "Optimum plant performance allows us to keep costs for electricity low and to reduce our station emissions. This achievement speaks highly for our employees dedication to excellent operations, customer service and environmental stewardship."

The efficiency at a coal-fired plant is measured by how well the power plant converts the energy in coal, measured in British thermal units, into kilowatt-hours of electricity. The fewer Btu per kilowatt-hour, the more efficient the plant – and the less coal needed to produce each kilowatt-hour of electricity.

"Improved efficiency, equipment upgrades and a diverse energy mix, have kept our air emissions less than one-half the industry average for each kilowatt-hour we produce," said Davis.

Among the group of most efficient stations, Belews Creek Steam Station and Marshall Steam Station also ranked the lowest in non-fuel operating and maintenance costs. The two stations accounted for 65 percent of Duke’s coal-fired generation in 1997.

Rankings by EL&P are based on data prepared by Resource Data International (RDI), a Boulder, Colorado-based energy consultant firm.

Duke Power is a business unit of Duke Energy (NYSE:DUK). Duke Energy is a global energy company with more than $24 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