News Release
Sept. 18, 1998

DUKE ENERGY POWER SERVICES NAMES DAVID REHN PRESIDENT AND CEO

HOUSTON -- Duke Energy Power Services (DEPS) has named David L. Rehn president and chief executive officer. DEPS is the Duke Energy Corporation subsidiary that develops, owns and operates electric generation projects across the United States and Canada.

"Dave’s two-plus decades of commercial and power plant experience make him uniquely qualified to lead the DEPS organization," said John F. Norris, chairman and chief executive officer of Global Asset Development, the Duke Energy group of which DEPS is a major part. "Dave brings to DEPS extensive leadership experience in all aspects of power generation as well as a winning track record in the competitive marketplace of engineering services." Rehn reports to Norris and will be based in Houston.

Rehn first joined Duke Power’s design engineering department in 1975. As an engineering project manager in the mid-1980s, he was instrumental in the development of the Bad Creek Hydroelectric Station. He progressed through a series of positions of increasing responsibility including vice president of Catawba Nuclear Station and general manager of Duke Power’s nuclear services group. Most recently, Rehn was executive vice president of Duke Engineering & Services’ nuclear group.

A native of Baltimore, Md., Rehn earned bachelor of science and master of science degrees in engineering mechanics from North Carolina State University. He is a registered professional engineer in North Carolina and South Carolina.

As DEPS’ president and chief executive, Rehn succeeds Paula Rosput, who left the company to pursue other interests.

Duke Energy Corporation (NYSE:DUK) 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: Danny Gibbs
Phone: (704) 373-6680
24 Hour Phone: (704) 382-8333
Email: dpgibbs@duke-energy.com