News Release
April 10, 2000

DUKE/FLUOR DANIEL SELECTED BY COLUMBIA ELECTRIC FOR PENNSYLVANIA POWER PLANT

CHARLOTTE, N.C. -- Duke/Fluor Daniel (D/FD) announced it has been awarded a contract by Columbia Electric for engineering, procurement and construction (EPC) of the Liberty Electric Power Project in Delaware County, Pa.

Duke/Fluor Daniel will provide lump sum turnkey EPC and commissioning services for the nominal 500-megawatt, combined-cycle power plant in Eddystone, Pa. The contract value was not disclosed. The plant, which can serve about 250,000 residences, will be built on the former site of the Baldwin Locomotive Foundry, next to PECO Energy Co.’s Eddystone Generation Station.

Electricity from the Liberty Electric Power Project will flow into the PJM marketplace. PJM is the Pennsylvania-New Jersey-Maryland interconnected power pool that covers much of the heavily populated mid-Atlantic region.

This power pool is considered a major crossroads of the growing electric transmission grid over which utilities and other companies buy and sell electricity that they send to markets in Pennsylvania, New Jersey, Virginia, Delaware, Maryland, New York, Ohio and Washington, D.C.

"The Liberty project will provide clean, reliable, low-cost energy to the PJM marketplace, utilizing efficient, gas-fired generation units," said Michael J. Gluckman, president and CEO of Columbia Electric.

"We are pleased to be selected by Columbia Electric to assist in their strategy of producing environmentally clean, low-cost electricity," said Clarence Ray, president and CEO of Duke/Fluor Daniel.

Detailed engineering for the plant is underway, with commercial operation planned for winter 2002. Construction will begin this month. At its peak, Duke/Fluor Daniel will employ more than 450 workers at the plant site.

Columbia Electric is a subsidiary of Columbia Energy Group, one of the nation's leading energy companies, with more than $6 billion in assets. Its operating companies are engaged in all phases of the natural gas business -- exploration and production, transmission, storage and local distribution -- as well as commodities marketing, energy management, propane sales, and electric power generation, sales and marketing. Columbia companies, directly or indirectly, serve more than 7 million natural gas customers -- 12 percent of the nation's total -- in 15 states and the District of Columbia. Information about Columbia Energy Group is available on the Worldwide Web at http://www.columbiaenergygroup.com.

Duke/Fluor Daniel, formed in 1989 by Duke Energy and Fluor Daniel, provides comprehensive engineering, procurement, construction and operating plant services for fossil-fueled electric power generation facilities worldwide.

Fluor Daniel is the engineering, procurement and construction unit of Fluor Corporation (NYSE:FLR). In 1999 Fluor Corp. revenues were $12.4 billion. Additional information on Fluor Corp. is available on the Internet at: www.fluor.com.

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: Michael Gluckman
Phone: 703-561-6505
24 Hour Phone: 704-382-8333
Email: media_relations@duke-energy.com
Contact: Michael Fox
Phone: 201-612-5449
24 Hour Phone: 704-382-8333
Email: media_relations@duke-energy.com
Contact: Keith Karpe
Phone: 949-349-7661
24 Hour Phone: 704-382-8333
Email: media_relations@duke-energy.com
Contact: Jeremy Dreier
Phone: 704-373-6680
24 Hour Phone: 704-382-8333
Email: jwdreier@duke-energy.com