News Release
Dec. 31, 1999

DUKE ENERGY PREPARED FOR Y2K

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

"We’ve been working on the issue since 1996," said Bill Coley, Duke Energy group president. "All of our business units have completed their readiness efforts, and we are confident we will move smoothly into the year 2000," he said.

Coley noted that while the corporation’s electric utility business unit, Duke Power, which he heads, may be the most visible of the Duke Energy business units to address Y2K, it is not the only one that has made Y2K preparations.

"Other business units, such as our gas pipelines, trading and marketing organization and non-utility power plants have also done Y2K-readiness activities," he said.

"We’re confident we’re ready," he continued, "but we aren’t taking anything for granted. We have response plans in place that will allow us to act quickly to correct unanticipated problems."

As an example, Coley said that an additional 800 employees would be at Duke Power’s facilities over the transition, with another 1,000 at other Duke Energy gas and electric facilities around the world. In preparation for Y2K, the various Duke Energy emergency response plans have been expanded to include Y2K-related events.

Some things wouldn’t change, Coley said.

"Our Carolinas nuclear and coal-fired power plants will be operating throughout the weekend," he said, "and with the possible exception of short-duration, isolated power outages similar to those we see almost every day, we’re expecting to maintain reliable service throughout the transition.

"We want 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 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
Phone: (704) 382-8333
24 Hour Phone: (704) 382-8333
Email: Media_Relations@duke-energy.com