News Release
March 01, 2000

Buccaneer Pipeline Files Route Changes with FERC

HOUSTON – Buccaneer Gas Pipeline Company, L.L.C., a joint pipeline development of Duke Energy (NYSE:DUK) and Williams (NYSE:WMB), announced today that it has filed with the Federal Energy Regulatory Commission to update its route for the proposed Buccaneer Pipeline in Pasco, Polk, Osceola, Orange and Lake Counties, Florida. The changes filed with the FERC address localized resource and landowner issues and are the culmination of ongoing dialogue between Buccaneer and the county representatives and landowners along the proposed pipeline route.

"The feedback, suggestions and input we received from state and county officials, environmental groups and landowners during the past year is reflected in the route changes we filed with the Commission," said Brian O’Higgins, Buccaneer’s resident project manager. "Only minor shifting of the route was required to address the concerns of affected landowners. We will continue to work with all interested parties throughout the duration of this project to address the communities’ interests and needs."

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 at: www.duke-energy.com.

Williams’ gas pipeline unit has headquarters in Houston with offices in Salt Lake City and Owensboro, Ky. Together, its five interstate natural gas pipelines are among the nation’s largest-volume transporters of natural gas, delivering approximately 16 percent of the natural gas consumed in the United States. Its 27,300-mile pipeline network stretches from coast to coast with access to every major supply basin in the country.

Williams, through its subsidiaries, provides a full range of traditional and leading-edge energy and communications services. Williams’s information is available at www.williams.com

Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual reports filed with the Securities and Exchange Commission.

Contact: Paula Delaney (Williams)
Phone: 713-215-4263
24 Hour Phone: 704-382-8333
Email: media_relations@duke-energy.com
Contact: Jose Cox (Duke Energy)
Phone: 713-627-5008
24 Hour Phone: 704-382-8333
Email: jrcox@duke-energy.com