News Release
Jan. 05, 2000

DUKE POWER ISSUES REQUEST FOR PROPOSALS FOR GENERATING CAPACITY

CHARLOTTE, N.C. – Duke Power, the regulated electric utility division of Duke Energy, has issued a request for proposals for up to 2,900 megawatts of generating capacity over the next five years, primarily for use during periods of peak demand.

"Our system is in excellent shape to meet the energy needs of our customers today," said Jim Hicks, senior vice president, retail services. "But every year we see increased use of electricity as the regional economy and population grow. We expect that growth to continue, and we are simply planning for our customers' future."

Hicks said that competitive bidding for purchased power contracts is one way Duke Power secures cost-competitive power for its customers. Duke Power issued similar requests for proposals in 1995 and 1997.

"We will use the capacity we acquire to meet our customers' energy needs during periods of peak use of electricity and to replace contracts that will expire over the next several years," Hicks said. Final bids are due March 1, 2000.

Duke Power’s request for proposals can be viewed or downloaded from the Internet site at http://briefcase.yahoo.com/dukerfp.

Duke Power, a business unit of Duke Energy, is one of the nation’s largest electric utilities and provides safe, reliable, competitively priced electricity to nearly two million customers in North Carolina and South Carolina. Duke Power operates three nuclear generating stations, eight coal-fired stations, 31 hydroelectric stations and numerous combustion turbine units. Total system capability is 19,252 megawatts.

Duke Energy (NYSE-DUK) is a global energy company with more than $29 billion in assets. Headquartered in Charlotte, N.C., the company reaches into more than 50 countries, producing energy, transporting energy, marketing energy and providing energy services. In the United States, Duke Energy companies provide electric service in North Carolina and South Carolina; operate interstate pipelines that deliver natural gas to various regions of the country; and are leading marketers of electricity, natural gas and natural gas liquids. Additional information about the company is available on the Internet at: www.duke-energy.com

 

Contact: Joe Maher
Phone: 704-382-8323
24 Hour Phone: 704-594-0681
Email: jmaher@duke-energy.com