News Release
July 25, 2000

PARTNERSHIP TO RESTORE MAINE WETLANDS LAUNCHED BY GOVERNOR KING, MAINE BUSINESSES

Brunswick, Maine – Maine Gov. Angus S. King Jr., Maritimes & Northeast Pipeline, L.L.C. and Maine businesses, environmental organizations and state and federal officials today launched the Maine Corporate Wetlands Restoration Partnership, a new public-private initiative to restore Maine’s environmentally valuable wetlands and other aquatic habitats.

The voluntary partnership combines corporate contributions with federal and state funds to undertake restoration of degraded coastal and freshwater wetlands.

Addressing the kick-off breakfast, Gov. King expressed his support for the partnership and its benefits for Maine. "There are a number of projects that have already been identified. As Maine businesses work with federal and state agencies through the Corporate Wetlands Restoration Partnership, aquatic resources vital to the ecology of our state will be restored."

Earlier this year, Maritimes & Northeast Pipeline, L.L.C. (Maritimes) was named as corporate leader of Maine’s Corporate Wetlands Restoration Partnership. The partnership will work with Coastal America, representing 12 federal departments, the Maine Department of Environmental Protection (DEP) and other state agencies. Partners also will include non-profit groups and academia.

"Maritimes will continue its strong commitment to protecting Maine’s environment by helping to establish this new partnership. We look forward to working together with Maine businesses to preserve and restore the state’s wetlands," said Patrick J. Hester, senior vice president and general counsel of M & N Management Co., managing member of Maritimes.

At the kickoff breakfast, Linda Murphy, director of the Office of Ecosystem Protection of the U.S. Environmental Protection Agency, presented a $25,000 grant to the partnership.

All projects that receive partnership funds will be Coastal America-approved projects, making them eligible for federal and state matching funds. On average, every $1 of corporate contribution will bring up to $3 in federal funds.

Companies may contribute funds or in-kind services such as engineering, legal or environmental. Because the partnership is designed for both large and small companies, corporate contributions are not disclosed.

The Corporate Wetlands Restoration Partnership was created in Massachusetts in 1999 by the Gillette Company, state environmental agencies, and the U.S. Environmental Protection Agency. To date, 17 companies have joined the Massachusetts Corporate Wetlands Restoration Partnership, committing more than $1 million in funds and in-kind services.

The Maine program is part of the New England Corporate Wetlands Restoration Partnership, announced earlier this year by U.S. Senator John Kerry (D-Mass). In May, Gillette, the National Association of Manufacturers, and Coastal America launched the National Corporate Wetlands Restoration Partnership, taking the program nationwide. One of Maritimes’ owners, Duke Energy, is a national sponsor of the partnership.

Coastal America is a partnership among federal, state and local governments and private alliances to address environmental problems affecting our nation’s coasts, waterways and wetlands. The federal partners are: the Departments of Agriculture, Air Force, Army, Commerce, Defense, Energy, Housing and Urban Development, Interior, Navy, Transportation; the Environmental Protection Agency; and the Executive Office of the President.

Maritimes, a 650-mile natural gas pipeline traversing Atlantic Canada and the Northeastern United States, 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). The U.S. portion of Maritimes is operated by a Duke Energy affiliate. For more information, contact Maritimes on the Internet at www.mnp-usa.com.

Duke Energy, a diversified multi-national 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 atwww.duke-energy.com.

Contact: Marylee Hanley
Phone: 617/560-1573
24 Hour Phone: 704/382-8333
Email: media_relations@duke-energy.com