News Release
May 25, 2000

DUKE ENERGY JOINS NATIONAL EFFORT TO RESTORE WETLANDS

CHARLOTTE, N.C. – Duke Energy today announced that it would be a founding member of a new national public-private partnership dedicated to restoring wetlands and other aquatic habitats across the United States.

The national Corporate Wetlands Restoration Partnership (CWRP) is a partnership among the federal government, state governments and private corporations to restore degraded saltwater and freshwater wetlands and other aquatic habitats. Wetlands store floodwaters, remove pollutants, support biological diversity and provide other important functions. More than 50 percent of the wetlands in the United States have disappeared since the 1700s.

"Duke Energy has a long history of environmental stewardship," said Jim Hendricks, vice president of corporate environment, health and safety for the company. "This partnership is a strategic opportunity for Duke Energy to have a direct impact in enhancing these critical ecosystems throughout the nation."

The Maritimes & Northeast Pipeline, in which Duke Energy is a part owner, was a founding member of the New England Corporate Wetlands Restoration Partnership -- a forerunner of the national CWRP. Maritimes & Northeast was honored by the New England group earlier this year for its participation in a fish restoration program in Maine.

The CWRP partnership was officially announced today at an event at the Department of Commerce in Washington, D.C.

The CRWP will help identify and develop restoration projects and manage industry contributions to restore wetland sites throughout the nation –contributions matched with federal and state funds.

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.

Contact: Cathy Roche
Phone: 704-373-4860
24 Hour Phone: 704-382-8333
Email: csroche@duke-energy.com