News Release
April 10, 2000

DUKE ENGINEERING & SERVICES AND SCIENTECH FORM LICENSE RENEWAL TEAM

CHARLOTTE, N.C. -- Duke Engineering & Services (DE&S) and SCIENTECH Inc. today announced the formation of a teaming agreement to provide plant license renewal services to the nuclear power industry. The companies share a long-term commitment to the nuclear industry and have been actively involved in license renewal issues for more than 10 years. The DE&S/SCIENTECH team offers full-scope license renewal project planning and execution capabilities from initial plant strategy and decision analysis through completion of the license renewal process.

"This teaming relationship will enable us to deliver fully integrated license renewal projects at a lower cost that can only be achieved with the combined experience, resources and processes offered by the DE&S/SCIENTECH team," said Bill Campbell, DE&S Nuclear Group executive vice president.

Harold Burton, SCIENTECH Generation Services senior vice-president said, "DE&S and SCIENTECH bring together the perspectives of both the owner-operator and nuclear regulator, which enables us to offer a breadth of license renewal services that is unmatched in the nuclear industry."

The DE&S/SCIENTECH team has contributed to each of the four nuclear plant license renewal applications submitted to the Nuclear Regulatory Commission (NRC), the first of which recently received NRC approval. The team also is involved in five other license renewal projects scheduled for submittal to the NRC over the next two years.

Headquartered in Gaithersburg, Md., SCIENTECH is a worldwide science and technology company emphasizing services essential to the safe, secure and cost-effective operation of nuclear power plants, government installations and industrial facilities. With annual revenues in excess of $125 million, SCIENTECH offers a broad range of services with particular areas of nuclear expertise relating to regulatory matters and risk assessments.

DE&S is an independently operated business affiliate of Duke Energy. DE&S specializes in energy and environmental projects and provides full-scope engineering, technical and professional services to clients around the world. DE&S has extensive license renewal experience with Duke Power and other nuclear plant owner-operators.

Duke Energy, a diversified multi-national energy company, creates value for customers and shareholders through an integrated network of energy assets and expertise. Duke Energy manages a dynamic portfolio of natural gas and electric supply, delivery and trading businesses -- generating revenues of nearly $22 billion in 1999. Duke Energy, headquartered in Charlotte, N.C., is a Fortune 100 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.

Contact: Tommy Smith
Phone: 704-382-3403
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Email: tbsmith1@duke-energy.com
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