News Release
Oct. 02, 1998

DUKE ENERGY: LILIEN TO SUCCEED RANSON AS HEAD OF DIVERSIFIED OPERATIONS

CHARLOTTE, N.C. – Duke Energy today announced a change in leadership in its Diversified Operations business unit. Robert S. Lilien, 50, vice president and general counsel, corporate and energy services, will become the head of Diversified Operations, and will report to Duke Energy Chairman Richard Priory. He will succeed Richard C. (Dick) Ranson, 56, who led the business unit since its inception in 1997. Ranson will retire effective Nov. 30 after a 27-year career with Duke Energy.

Duke Energy’s Diversified Operations encompasses the company’s non energy-related business units: Duke Water Systems Inc., DukeNet Communications Inc. and the real estate company Crescent Resources. Since 1981, Ranson has been the top executive at Crescent Resources.

"Duke Energy is extremely grateful to Dick and the leadership he has provided to Diversified Operations and to Crescent Resources," said Priory. "During his tenure, Crescent Resources grew from a small land and timber company to a major developer of commercial and residential real estate in the Southeast."

A native of Charlotte and graduate of Duke University, Ranson joined Duke Energy in 1971 as assistant manager of financial accounting. He moved through a series of financial positions at Duke. In 1976, he was named treasurer of the company. In 1981, he was named president of Crescent Resources. He was named to his current position in 1997.

Ranson and his wife, Judith, live in Charlotte. They have two sons.

A native of Burlington, Lilien earned his undergraduate degree at Duke University and his law degree from the University of North Carolina. He joined Duke Energy in 1993 as vice president and tax counsel. From 1975 to 1993, Lilien was a partner with the Charlotte law firm of Robinson, Bradshaw & Hinson, P.A. He was named to his present position in 1997.

Lilien and his wife, Vicki, live in Charlotte. They have a son.

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: Randy Wheeless
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