News Release
Nov. 08, 1999

DUKE POWER WINS BEST ELECTRICITY COMPANY AWARD

Duke Power, a unit of Duke Energy, one of the United State's largest investor-owned electric utilities, has landed the title of Best Electricity Company at the inaugural Financial Times Energy Awards, sponsored by Deloitte Touche Tohmatsu, at the Waldorf Astoria Hotel, New York, November 8. 1999.

According to Roberto Chiarotti, publisher of FT Energy, "The electricity industry faces unprecedented challenges and the importance of customer service is made increased by competition: for nearly 100 years. Duke has provided safe, reliable, competitively priced electricity and outstanding customer service to customers in North Carolina and South Carolina."

What tipped the judges scales in favor of Duke power was the outstanding customer care proffered by the company. The Duke Power 24-hour Customer Service Centre is renowned for its efficiency—the company guarantees a human voice speaking to a customer within 30 seconds.

Last year, Duke Power's nuclear fuel costs were the best in the United States. Collectively, the company's three nuclear stations operate more efficiently than the national average, running at near capacity and producing more than half of Duke Power's annual net generation.

By delivering quality electricity at attractive rates, and by being there when customers need them, Duke Power has been the standard by which other electric companies are judged.

Note:

Financial Times Energy is the world's leading provider of strategic information services on energy markets. Through a wide range of publications and services, we encompass all aspects of the energy industry. enabling our clients to keep abreast of the latest market data and analysis.

Deloitte Touche Tohmatsu is one of the world's leading professional services firms delivering world-class assurance and advisory, tax and consulting services. More than 82,000 people in over 130 countries serve nearly one-fifth of the world's largest companies as well as large national enterprises, public institutions and successful fast-growing companies. Our internationally experienced professionals deliver seamless, consistent services wherever our clients operate. Our mission is to help our clients and our people excel.

Deloitte Touche Tohmatsu serves as business advisor and auditor to over one hundred clients in the energy sector representing all segments of the industry worldwide. DTT's experienced professionals offer a seamless range of services including audit, tax. reorganization, mergers

and acquisitions, risk management and consulting engagements for its energy clients.

Contact: Robert Chiarotti
Phone: (703) 528-1244
24 Hour Phone: (704) 382-8333
Email: media-relations@duke-energy.com