News Release
Oct. 16, 1998

DUKE POWER: SUCCESS STORIES HIGHLIGHT POWER PARTNER AWARDS

CHARLOTTE, N.C. – Sixteen companies and organizations have been named winners in the 1998 Power Partner Awards from Duke Power -- the electric utility business unit of Duke Energy.

Since 1993, the Power Partner Awards have annually recognized customers and trade allies who have worked with Duke Power in partnership – leading to either increased customer satisfaction, resolution of industrial-related issues or the innovative use or delivery of electricity.

Representatives from the winning organizations will be honored Oct. 25 by Duke Power President Bill Coley at a reception at the company’s headquarters in Charlotte.

"The Power Partner Awards are shining examples of what can happen when companies work together," said Coley. "These awards represent the best success stories Duke Power has had in the past year. In every case, the end result improved our customers’ operations. Those types of results are what we strive for at Duke Power."

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.

Duke Power’s 1998 Power Partner Awards

BELTON INDUSTRIES – The Belton, S.C.-based company has partnered with Duke Power over the past four years in the review of its manufacturing process. The review has resulted in the installation of new electric equipment that has increased production, addressed environmental issues and reduced energy consumption.

CHARLOTTE PIPE AND FOUNDRY – The Charlotte-based company has worked with Duke Power to maximize its energy use in the production of cast iron and plastic pipe. Joint projects have included rate analysis, energy efficiency, adjustable speed drives and the implementation of power quality recommendations.

CHASE MANHATTAN MORTGAGE – Throughout the Carolinas, the company’s program offerings have helped both Chase and Duke Power. Chase provided several builders and their customers in the Duke Power service territory reduced closing costs on new homes with either high-efficiency heat pumps, or duel-energy systems. Chase made a similar offer to customers refinancing their energy-efficient homes.

CULP INC. – The High Point company has relied upon Duke Power’s products, service and support to help improve the company’s operations. Culp has incorporated Duke Power’s recommendations on electric process equipment and utilized Duke’s power quality expertise to increase productivity. Culp has also used Duke’s planning capabilities to help modernize existing plants and locate new facilities in the Carolinas.

DURHAM, N.C., PUBLIC SCHOOLS – A geothermal heating and cooling system at Y.E. Smith school in Durham County brought the best energy value to the school system. The school system worked with Duke Power to learn more about the innovative system and to install it over more conventional systems.

HOLT HOSIERY MILLS, INC. – Burlington’s Holt Hosiery has partnered with Duke Power over the last two years on many valuable projects, which include installation of radio-frequency drying to replace the company’s steam-heated drying operations. This conversion has improved quality yield, reduced emissions from the drying process and provided greater control.

HOMEMAX – The Kernersville company has used an innovative approach to retail home sales by presenting its product in a village-type setting with an environmental display that showcases each home. The company also incorporates Duke Power’s manufactured housing recommendations.

MCL ENGINEERS, P.A. – The Hickory-based plumbing, mechanical and electrical engineering firm has been a long-term trade ally of Duke Power. Through its support of energy efficient end-use equipment, the company has helped its clients form positive partnerships with Duke Power.

MICHELIN NORTH AMERICA, INC. – The company has been receptive in attempting new ideas at its Spartanburg, S.C., facility in partnership with Duke Power. An example of this partnership was the identification of areas for electric infrared technology. Michelin has allowed Duke Power to work with its research engineers to develop an infrared solution in the company’s truck tire production operation.

MICROFIBRES, INC. – Over the past several years, a productive partnership has developed between the Winston-Salem company and Duke Power leading to increased production and improved quality at the company. One example was the installation of an infrared technology that helped them increase production at a lower cost.

ORIAN RUG CO. – With a highly-automated system that can adversely impacted by minor voltage sags, Orian Rug worked with Duke Power, Westinghouse Corp.’s Energy Management Division and the Electric Power Research Institute to become the first site of a dynamic voltage restorer at its Anderson, S.C., facility. After much work, the project has been termed a success. Orian Rug can now eliminate about 95 percent of its anticipated voltage sags, helping increase quality production.

PARKDALE MILLS, INC. – The company’s use of hourly electric pricing and more efficient equipment has helped the competitiveness of several of its plants. The Gastonia-based company has worked with Duke Power on various research projects that have saved both companies considerable investment and operating costs.

RYAN HOMES, INC. – A Duke Power-sponsored seminar on indoor air quality led to Ryan Homes implementing changes in its construction methods that has enhanced efficiency by installing heat pumps upstairs in two-story homes. Throughout the Carolinas, Ryan Homes keeps Duke Power informed on which homes will be closing soon. That allows Duke Power to have electricity turned on when prospective buyers make a final walk-through of the new home.

SPARTANBURG, S.C., COUNTY SCHOOL DISTRICT SIX AND McMILLAN SMITH & PARTNERS ARCHITECTS – The Anderson Mill Elementary School is benefiting from the largest geothermal system in the Carolinas – capturing the earth’s own energy to heat and cool the school. The firm of McMillan Smith & Partners Architects designed the all-electric school.

TELEO/JORDAN EXECUTIVE HOMES LLC -- The Charlotte company formed a partnership with Duke Power and associated buildings trades to explore the possibility of researching, developing criteria for, and designing and building a pilot project around the concept of a "healthy home."

UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL – Duke Power worked together to complete an underground 100-kilovolt project in 1997 – a-first-of-its-kind installation on the Duke Power system. Duke Power was also able to maximize the operation of the university’s

28-megawatt power plant by utilizing an hourly pricing rate structure – helping UNC become more cost-effective in its energy use.

Contact: Randy Wheeless
Phone: (704) 382-8379
24 Hour Phone: (704) 382-8333
Email: media-relations@duke-energy.com