News Release
May 14, 1999

DUKE ENERGY CORPORATION ANNOUNCES MANAGEMENT RESPONSIBILITY CHANGES FOR NORTHEAST PIPELINES

HOUSTON - - Duke Energy Corporation has announced several promotions and management responsibility changes in its Northeast natural gas pipelines group.

Theopolis Holeman, 49, formerly vice president of transmission, has been promoted to senior vice president of transmission and capacity management for Texas Eastern Transmission Corporation and Algonquin Gas Transmission Company, the company’s Northeast Pipelines. Tom O’Connor, 43, formerly vice president of East Coast marketing for the Northeast Pipelines, has been named vice president of marketing for the Northeast Pipelines. Both Holeman and O’Connor will report to Robert Evans, president of the Northeast Pipelines.

Gregg McBride, 45, formerly general manager of western region marketing, has been named vice president of capacity management and will report to Holeman. Reporting to McBride will be Tom Hall, manager of operations, Bin Halverson, general manager of systems operations, and Greg Bilinski, general manager of gas systems.

Holeman began his career with the company in 1972 as an engineer and served in a number of pipeline operations and engineering positions of increasing responsibility for former subsidiaries Trunkline Gas Company and Panhandle Eastern Pipe Line Company before being named supervising engineer for pipeline operations in 1982. The following year, he was promoted to technical operations superintendent for Panhandle Eastern and named transmission services director in 1988. He then served as division manager for Panhandle Eastern before being elected vice president of transmission for Trunkline in 1992. He assumed parallel responsibility for Panhandle Eastern pipeline operations in 1994 and was named vice president of transmission for Panhandle Eastern Pipeline Company and Trunkline Gas Company in 1995. Holeman was named vice president of transmission for Texas Eastern and Algonquin in 1998. Before joining the company, he was an associate engineer with the Georgia Department of Transportation.

Holeman received his bachelor of science degree from Memphis State University in 1971 and his master of business administration degree from the University of Houston in 1979. He completed the Stanford Executive Program at Stanford University in 1994.

O’Connor joined the company in 1987 as supervisor of environmental compliance for Algonquin. He was promoted to manager of environmental compliance in 1988 and became manager of market development for Algonquin the following year. He was named director of business development for Texas Eastern in 1990 and director of marketing services in 1992. He became president of PanEnergy Development Company in 1994 and was named vice president of East Coast marketing in 1997. Prior to joining the company, O’Connor was a project manager for Lally Associates of North Andover, Mass., an environmental consulting firm.

O’Connor received a bachelor of science degree in biology, cum laude, in 1977 and a master of science degree in environmental studies in 1980 from the University of Lowell, Mass.

McBride began his career with the company in 1979 as an accountant for Trunkline Gas Company. He became a rates analyst for Panhandle Eastern in 1981 and was named assistant manager of rates design and revenues in the regulatory affairs department in 1984. Two years later, he became manager of that department. McBride was appointed assistant director of rates and purchase gas adjustments for Panhandle Eastern in 1987 and was named director in 1989. He served as Trunkline’s vice president of regulatory affairs from February 1991 until being named director of investor relations for Panhandle Eastern Corporation in 1994. McBride then became vice president for rates and regulatory affairs for Texas Eastern in 1995, and in 1996, he was named general manager of western region marketing.

McBride earned a bachelor’s degree from Eastern Illinois University in Charleston, Ill.

Duke Energy Corporation (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: John P. Barnett
Phone: (713) 627-4072
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Email: media_relations@duke-energy.com