News Release
Feb. 17, 2000

Maritimes & Northeast Pipeline, Duke Energy to Lead

BOSTON – Maritimes & Northeast Pipeline, L.L.C. (Maritimes) and Duke Energy were named by Coastal America as the Maine corporate leaders of the New England Corporate Wetlands Restoration Partnership.

Maritimes, a 650-mile natural gas transmission system that traverses portions of the Canadian Maritimes and northeastern United States, was placed into service Dec. 1, 1999. Duke Energy is a joint owner of Maritimes and serves as the operator of the U.S. portion of the pipeline.

Building upon a program initiated in Massachusetts last year, the New England Corporate Wetlands Restoration Partnership will seek to restore the region’s environmentally valuable wetlands. The partnership will combine private industry contributions with federal and state matching funds to undertake wetlands restoration projects.

U.S. Senator John F. Kerry (D-Mass.), who recently announced the establishment of the partnership, called the program "an innovative new approach to environmental restoration. The partnership opens the way to expand the Massachusetts program to a regionwide wetland restoration effort driven by this unique public-private partnership," said Kerry.

The partnership will operate under the auspices of Coastal America, a federal organization representing more than 12 U.S. departments and agencies. Planning of specific restoration projects will begin later this year.

"As charter members of the New England Corporate Wetlands Restoration Partnership, Maritimes and Duke Energy are to be commended for their commitment to the environment and to restoring the region’s vitally important wetlands," said Assistant Secretary of the Army Dr. Joseph Westphal, the chair of Coastal America. "Wetlands are essential to water supply, maintaining ecological diversity and prevention of flooding."

"Maritimes and Duke Energy have a strong commitment to protecting our natural resources and environment. We look forward to working in partnership with Maine businesses to preserve and restore the state’s wetlands," said Tom O’Connor, president of M & N Management Co., managing member of Maritimes.

Recently, Coastal America awarded Maritimes with its 1999 Partnership Award for the company’s participation in the Penobscot Watershed Anadromous Fish Restoration program in Maine. Vice President Al Gore congratulated Maritimes in a letter to the program’s participants.

Maritimes is owned by affiliates of Duke Energy (37.5 percent), Westcoast Energy Inc. (37.5 percent), ExxonMobil (12.5 percent) and NS Power Holdings Inc. (12.5 percent).

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: John Sheridan
Phone: 617-560-1444
24 Hour Phone: 704-382-8333
Email: jpsheridan@duke-energy.com