News Release
Dec. 31, 1999

DUKE ENERGY NOTES EARLY Y2K SUCCESSES WITH ASIA-PACIFIC FACILITIES

CHARLOTTE, N.C., Dec. 31, 1999 -- Duke Energy officials expressed continuing confidence today that the corporation is ready for its computers to begin using Year 2000 designations.

In support of that, officials noted the successful transition of Duke Energy’s gas and electric facilities in New Zealand, Australia and Southeast Asia, which entered the Year 2000 several hours ago.

"We’ve been working on the issue across the corporation since 1996," said Bill Coley, Duke Energy group president. "We’ve taken a careful and systematic approach to Y2K, and we believe we’re ready to move smoothly into the year 2000."

Coley noted that while the corporation’s electric utility business unit, Duke Power, which he heads, is perhaps the most visible of the units to address Y2K, it isn’t the only one. He mentioned Duke Energy’s gas pipelines, trading and marketing organization and non-utility power plants as examples of businesses that have done their own Y2K-readiness assessments.

"But we haven’t taken anything for granted. We have response plans in place that will allow us to act quickly to correct any problems that may occur."

Coley emphasized that Duke Power and other Duke Energy business units have already-existing plans for emergency responses, which have been expanded to address possible Y2K-related issues.

"Response plans across the corporation have been expanded to address possible Y2K issues," Coley said. "We’ve practiced those plans and are ready to respond. 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."

Coley added that the company would be conducting further Y2K-related tests over the next few days to check all aspects of Duke Energy’s operations. But for the company’s customers in the Carolinas, Coley said the company would strive to maintain routine operations.

"We want January 1 to be just another work day for us and an enjoyable holiday for our customers."

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.

Contact: Media Relations of Duke Energy Corporation
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