News Release
Dec. 15, 2000

TRIPLETTE PROMOTED TO VICE PRESIDENT AT DUKE ENERGY

CHARLOTTE, N.C. – Jeff Triplette has been promoted to vice president, insurance, for Duke Energy.

Triplette joined Duke Energy in 1974. Since then, he has progressed through various assignments of increasing responsibility. He was promoted to general manager of the company’s real estate department in 1988; and named vice president of corporate accounts in 1997. He was appointed assistant treasurer of Duke Energy in 1998.

A native of Granite Falls, N.C., Triplette received a bachelor's degree in economics from Wake Forest University. He holds the rank of colonel in the United States Army Reserve. He also served in the North Carolina Army National Guard for more than 26 years and during the Persian Gulf War. He was awarded the Bronze Star.

Triplette serves on the board of advisors for the World Captive and Alternative Risk Financing Forum, the Wake Forest University Alumni Council and is a referee for the National Football League. He has served on the board of trustees of the Right of Way International Education Foundation, the board of advisors for Law Engineering and Environmental Services and the board of directors and Executive Committee of the Charlotte-Mecklenburg Housing Partnership.

He and his wife, Laurie, have a son and a daughter.

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