News Release
Dec. 31, 1999

DUKE ENERGY EXPECTS SMOOTH Y2K TRANSITION

CHARLOTTE, N.C., Dec. 31, 1999 -- Duke Energy officials expressed continued confidence today that the corporation is Y2K ready.

"We’ve been preparing the corporation since 1996, and we’re confident we’re ready to move smoothly into the year 2000," said Bill Coley, Duke Energy group president.

In support of that, Coley noted the successful transition of the company s facilities in New Zealand, Australia and Southeast Asia, which entered the year 2000 several hours ago.

Coley heads the company’s electric utility business unit, Duke Power, which serves 2 million customers in North Carolina and South Carolina.

"We are prepared to make that transition a smooth one," he said. "However, it is important to realize that Duke Power supplies electricity for customers 24 hours a day, every day of the year. And in a production and delivery system that large, scattered power outages are not uncommon.

"Tree limbs on lines, animals in the equipment, storms, whatever the reason, occasional power outages are a part of our and our customers’ lives. We don’t expect this weekend to be much different, and we want to be sure our customers don’t mistake the routine for the unusual."

Coley added that even after the company completes making the transition across the entire operation, Duke Energy would continue to monitor its systems closely. For the company’s customers in the Carolinas, Coley said the company’s objective is to maintain routine operations.

Duke Power’s regular outage reporting telephone line will be in service throughout the transition, Coley said. That phone number is 1-800-POWERON (1-800-769-3766).

"We aren’t taking anything for granted," Coley added. "We have response plans in place, which have been successfully practiced. We have people on call and extra staff in place at strategic locations. We’ve set up communications centers to provide a corporate-wide level of coordination, if that becomes necessary.

"We expect January 1 to be just another work day for us and an enjoyable holiday for our customers," he said.

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 2 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.

Duke Power

Y2K status update: power plants

On weekends, and particularly holiday weekends, customers’ use of electricity is typically low. Duke Power has sufficient generation available to ensure a reliable supply of electricity to its two million customers in the Carolinas.

As of Friday afternoon, 12/31, the status of the company’s major generating units is:

Contact: Media Relations of Duke Energy Corporation
Phone: (704) 382-8333
24 Hour Phone: (704) 382-8333
Email: Media_Relations@Duke-Energy.Com