News Release
Aug. 18, 2000

DUKE ENERGY TO BE HONORED FOR LONG-TERM SUPPORT OF HOUSTON PRIVATE SECTOR INITIATIVES

HOUSTON – Duke Energy (NYSE: DUK) will receive a Sustaining Support Award from Private Sector Initiatives (PSI) for its long-term commitment to the nonprofit organization that organizes volunteers to repair homes for the needy.

The award will be presented at a Partners in Progress luncheon on Monday, Aug. 21, at the Junior League at 1811 Briar Oaks Lane. Other recipients of the Sustaining Support Award are ExxonMobil, Houston Housing Finance Corp./Department of Housing and Community Development, Memorial Drive Presbyterian Church and the Wells Fargo Foundation.

For the past 15 years, Duke Energy has supported PSI through annual contributions and volunteers. During this time, more than 2,000 Duke Energy employees worked as weekend volunteers repairing 60 residences for homeowners who were unable to make the repairs themselves. Duke Energy employs 1,500 workers in the Houston area.

"Our volunteers operate in a very professional manner and in most instances, complete the job in one working day,’’ said Doug Belt, manager of Duke Energy’s fleet services and a 12-year volunteer with PSI. "Words cannot describe how good our volunteers feel after the job is completed and we see the look of appreciation on the face of the homeowner."

Duke Energy, a diversified multinational 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: Gretchen D. Krueger
Phone: 713/627-4072
24 Hour Phone: 704/382-8333
Email: gdkrueger@duke-energy.com