News Release
Feb. 15, 2000

DUKE ENERGY INTERNATIONAL INCREASES EL SALVADOR GENERATING CAPACITY

HOUSTON, TEXAS/SAN SALVADOR, EL SALVADOR -- Duke Energy International (DEI) today announced it had begun work on a 96-megawatt expansion of Generadora Acajutla S.A. de C.V. (Acajutla), increasing the facility’s total output to approximately 300 megawatts. Acajutla serves wholesale power markets in El Salvador and neighboring Guatemala.

"El Salvador is one of the fastest growing economies in Central America," said John Sickman, Duke Energy International’s senior vice president of Central and Northern Latin America. "The expansion of Duke Energy International’s Acajutla facility will provide competitively priced, reliable power to customers in El Salvador and will help meet the region’s annual 6-percent growth in electricity demand."

Duke Energy International will expand the generating capacity of Acajutla with state-of-the-art heavy fuel technology. The project is scheduled for completion in the fourth quarter of 2000. Duke Energy International, through an affiliate, is the majority owner and operator of Acajutla, acquiring its interest in the company in 1999.

Duke Energy International (DEI), a wholly owned subsidiary of Duke Energy, is one of the world’s leading international energy companies offering energy trading and marketing, risk management, natural gas and power development expertise and operations services across Latin America, Asia-Pacific and Europe. Within Latin America, DEI’s energy portfolio includes nearly 3,460 gross megawatts of hydro and thermal power generation, 125 miles of natural gas pipeline, 245 miles of electric transmission and energy trading and marketing located in Argentina, Belize, Brazil, Ecuador, El Salvador and Peru.

Duke Energy, a premier global energy services company, serves customers and creates shareholder value through an integrated network of energy assets and energy experts. As market leaders in their respective fields, Duke Energy businesses manage a multi-national portfolio of energy supply, delivery and trading assets valued at approximately $30 billion. 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: Jennifer Pierce
Phone: 713-627-5719
24 Hour Phone: 704-382-8333
Email: jmpierce@duke-energy.com