News Release
Nov. 29, 2000

DUKE ENERGY COMPLETES $75 MILLION 100-MEGAWATT EXPANSION OF ACAJUTLA POWER PLANT IN EL SALVADOR

SAN SALVADOR, EL SALVADOR – Duke Energy announced today that its Duke Energy International (DEI) business unit has completed and begun commercial operation of a $75 million expansion and modernization of its Acajutla power generating facility in El Salvador.

The plant modernization and expansion includes the installation of an additional 100 megawatts of generating capacity, bringing the total capacity of the plant to 300 megawatts. Duke Energy’s total generating capacity in El Salvador is now some 400 megawatts or approximately 15 percent of the total generation in the country.

"The political and economic stability of El Salvador offer attractive opportunities for investors," said Duke Energy International President and CEO Bruce Williamson. "The location of El Salvador affords gateways for integration of the energy sector to both the north and south – making it an ideal base for growth of our Central American operations."

The Acajutla power generating facility was acquired in 1999 by Duke Energy International as part of a privatization of government-owned electric generation assets.

DEI, a wholly owned subsidiary of Duke Energy, is one of the world's leading international energy companies offering energy trading and marketing, risk management, natural gas and power development expertise and operations services across Latin America, Europe and the Asia Pacific. More information about DEI is available on the Internet at: http://www.dei.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.duke-energy.com.

Contact: Bryant Kinney
Phone: 704/382-2208
24 Hour Phone: 704/382-8333
Email: jbkinney@duke-energy.com