News Release
Dec. 27, 1999

DUKE ENERGY BUSINESS UNITSPREPARED FOR Y2K TRANSITION

CHARLOTTE, N.C. – After extensive Year 2000-related testing, drills and preparations over the past several months, Duke Energy employees around the world anticipate business as usual on Jan. 1.

The company’s Y2K readiness program began in 1996; all business units and corporate departments have completed their readiness efforts.

"We have spent hundreds of hours verifying the work we have completed," Sally Whitney, Duke Energy’s Y2K program director, said. "We also have conducted numerous drills to evaluate our response plans. We expect a quiet night, but we will be there on New Year’s Eve to respond to anything unexpected that might occur."

Duke Energy’s Y2K preparations include:

Duke Energy is one of several international companies that will provide information on plant performance during the initial date rollovers to a database accessible to electric utilities across North America. This information exchange is being coordinated by the North American Electric Reliability Council. "The database is intended to help utilities monitor worldwide events and aid in final preparations for date rollovers in North America," Whitney said.

Preparations for Duke Power, the electric utility business unit of Duke Energy, include:

"Our objective is to make Jan. 1 just another day for our operations and our customers," Whitney said. "While we cannot offer guarantees, I am confident that we’ll provide the same high-level, reliable energy service over the New Year’s holiday that customers expect every other day of the year."

Duke Power, a business unit of Duke Energy, is one of the nation’s largest electric utilities and provides safe, reliable, competitively priced electricity to nearly two million customers in North

Carolina and South Carolina. Duke Power operates three nuclear generating stations, eight coal-fired stations, 31 hydroelectric stations and numerous combustion turbine units. Total system capability is 19,252 megawatts.

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 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: Joe Maher
Phone: (704) 382-8323
24 Hour Phone: (704) 382-8333
Email: jmaher@duke-energy.com
Contact: Anne Sheffield
Phone: (704) 382-8063
24 Hour Phone: (704) 382-8333
Email: asheffield@duke-energy.com