News Release
July 01, 1999

DUKE ENERGY INTERNATIONAL APPOINTS DAVID WEAVER AS NEW EUROPEAN HEAD

HOUSTON — Duke Energy International (DEI), the international development and asset management unit of Duke Energy (NYSE: DUK), announced today the appointment of David Weaver as executive vice president for Europe.

Weaver will oversee DEI’s development activities and operations throughout Europe. Based in London, he will lead DEI’s efforts to develop an integrated energy business in Europe including natural gas and electric assets as well as trading and marketing operations. He reports to DEI President and CEO Bruce Williamson.

"Weaver has a rich background and proven track record in international development and acquisition," said Williamson. "His demonstrated leadership capabilities, market vision and financial expertise bring tremendous value to Duke Energy International. I am pleased to have him on board to lead and build our resident European energy team."

Weaver, 50, most recently served as vice president of CMS Energy and managing director of CMS Energy Asia Pte Ltd. Weaver led the company’s Asia operations and was responsible for the acquisition and development of natural gas and power generation assets, including the first independent commercial energy projects to be closed in India. Weaver was responsible for the CMS Energy team that lead the consortium that successfully bid to project finance, build, own and operate India’s TIDCO power generation and LNG project. He led similar efforts for CMS Energy with the Al Taweelah Power and Water Desalination project in the United Arab Emirates, the first privatized energy project of its kind in the Middle East.

Prior to joining CMS, Weaver was the managing director of Mission Energy Asia, where he was responsible for establishing and leading Mission’s regional Asia office and business strategy. A UK national, Weaver was head of Scottish Power New Ventures and held management positions with National Power. He was also involved in drawing up and implementing initial privatization plans for the UK electricity supply industry in 1988-89 which have since been used as a model for various global privatizations.

Duke Energy International (DEI) is the international development and asset management unit of Duke Energy (NYSE: DUK), a global energy company with industry-leading technical and operating expertise. DEI develops, owns and operates energy projects including natural gas and electric assets, as well as marketing and trading operations throughout Asia Pacific, Europe and Latin America.

Duke Energy (NYSE:DUK) is a global energy company with more than $26 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: Clair Foster
Phone: 0171 413 3133
24 Hour Phone: (704) 382-8333
Email: media_relations@duke-energy.com
Contact: Vicky Bacon
Phone: 0171 413 3705
24 Hour Phone: (704) 382-8333
Email: media_relations@duke-energy.com
Contact: Jennifer Pierce
Phone: (713) 627-5719
24 Hour Phone: (704) 382-8333
Email: media_relations@duke-energy.com