News Release
Dec. 06, 1999

DUKE ENERGY NAMED CORPORATE LEADERSHIP WINNER BY TOP INDUSTRY PUBLICATION

CHARLOTTE, N.C. – Citing the company’s overall excellence, Duke Energy was honored with the Corporate Leadership Award from industry publication Energy Daily in ceremonies last Thursday night in Williamsburg, Va.

Duke Energy Chairman Richard B. Priory accepted the award on behalf on the company. The award was part of Energy Daily’s 27th Annual Conference and Awards banquet. Also honored by the publication were former Energy Secretary Dr. James Schlesinger, Senator Pete Domenici and Sempra Energy Chairman Richard Farman.

"Duke Energy’s stellar reputation has been earned over the years by tens of thousands of dedicated employees," said Priory. "I’m pleased that the efforts of my teammates worldwide have again been recognized."

In acknowledging Duke Energy as an award recipient, Energy Daily Publisher Llewellyn King said, "This reflects and recognizes that for many years Duke has been outstanding in its organization, leadership and especially the depth and excellence of its engineering."

Duke Energy has garnered a number of awards in 1999. Among the more prominent, the company was named "Most Admired Electric and Gas Utility" in Fortune magazine’s "Most Admired Companies" roster. It was named "Best Electricity Company" at the Financial Times Energy Awards last month.

Washington, D.C.-based King Publishing produces Energy Daily. Since 1973, it has been the leading publication reporting on the energy industry.

Duke Energy (NYSE:DUK) is a global energy company with more than $29 billion in assets. Headquartered in Charlotte, N.C., the company reaches into more than 50 countries, producing energy, transporting energy, marketing energy and providing energy services. In the United States, Duke Energy companies provide electric service to approximately two million customers in North Carolina and South Carolina; operate interstate pipelines that deliver natural gas to various regions of the country; and are leading marketers of electricity, natural gas and natural gas liquids. Additional information about the company is available on the Internet at: www.duke-energy.com

Contact: Danny Gibbs
Phone: (704) 373-6680
24 Hour Phone: (704) 382-8333
Email: dpgibbs@duke-energy.com