News Release
Dec. 14, 2000

LILIEN PROMOTED TO PRESIDENT OF DUKE VENTURES

CHARLOTTE, N.C. – Bob Lilien has been promoted to president of Duke Ventures, which comprises all of Duke Energy’s non-energy-related businesses.

Duke Ventures includes Crescent Resources, a commercial real estate company; Duke Capital Partners, providing investment banking, lending, leasing and equity investments and investment services for the customers of Duke Energy; and DukeNet Communications, a company that develops and manages fiber-optic communications systems.

Lilien joined Duke Power in 1993 as vice president and tax counsel. He was named vice president and general counsel, corporate and energy services in 1997. He was named senior vice president, Duke Ventures, in 1998. Prior to joining Duke Power, he was a partner with the law firm Robinson, Bradshaw & Hinson, P.A., from 1975 to 1993.

A native of Burlington, Lilien graduated from Duke University with a bachelor of arts degree in accounting and earned a juris doctor degree with honors from the University of North Carolina at Chapel Hill.

Lilien is a certified public accountant and is a member of the American Institute of Certified Public Accountants and the N.C. Bar Association and its Tax Section Council. He previously served as chairman of the board of directors of Humana Specialty Hospital of Charlotte and the Myers Park Homeowners Association and as a member of the Charlotte Parks Advisory Committee. He currently serves on the board of directors of the Mint Museum of Art, the Lynnwood Foundation and the Myers Park Homeowners Association.

Lilien and his wife, Vicki, have a son.

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: http://www.duke-energy.com.

Contact: Randy Wheeless
Phone: 704/382-8379
24 Hour Phone: 704/382-8333
Email: crwheele@duke-energy.com