News Release
May 15, 2000

TEXAS EASTERN BEGINS OPEN SEASON FOR ENHANCED SPECTRUM

HOUSTON -- Texas Eastern Transmission Corp. (TETCO) announced today the start of the open season for its "Enhanced Spectrum" program, TETCO’s low-cost alternative to new pipeline construction for the transportation of natural gas from Chicago to the East Coast.

The month-long open season will end on June 15.

TETCO recently announced a capacity lease agreement with Natural Gas Pipeline Co. of America (NGPL, a wholly owned subsidiary of Kinder Morgan Inc.). With this capacity lease, Enhanced Spectrum will provide shippers with the ability to move gas from Chicago to the East Coast on a seamless, low-cost basis. Enhanced Spectrum continues to take advantage of the existing pipeline infrastructure, using capacity turnback on TETCO and back-haul capacity on NGPL, to provide transportation options without construction of costly new facilities and also to allow contract terms significantly shorter than would be required for new construction.

"Enhanced Spectrum is the premier option for delivery of Chicago supplies to the growing East Coast markets since it combines competitive rates with the least environmental impact," said Robert B. Evans, president of Duke Energy Gas Transmission, the business unit that includes TETCO. "We believe that customers seeking firm capacity with a 2000 in-service date to coincide with the in-service date of Alliance Pipeline will be particularly interested in Enhanced Spectrum."

Service under Enhanced Spectrum is designed to be available beginning Nov. 1, 2000, to coincide with the startup of Alliance Pipeline, offering those shippers and others a cost-effective and timely alternative to transport gas out of Chicago and into East Coast markets. For information, call Randy Riha at 713/627-4746 or e-mail ririha@duke-energy.com.

Duke Energy, a diversified multinational 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.dukeenergy.com.

Contact: Liz Johnson
Phone: 713/627-5011
24 Hour Phone: 704/382-8333
Email: evjohnson@duke-energy.com