News Release
Sept. 21, 2000

DUKE/FLUOR DANIEL WINS CONTRACT FOR NEW JERSEY POWER PLANT

CHARLOTTE, N.C. -- Duke/Fluor Daniel has been awarded a contract by PSEG Power, LLC. to perform engineering and procurement services for a 500-megawatt, natural gas-fired, combined- cycle power generation facility at PSEG Power’s Bergen Generating Station in Ridgefield, N.J. The Bergen 2 Project is targeted for completion June 2002.

Duke/Fluor Daniel’s services will encompass all major plant components for Bergen 2, including turbine generators and emission-control equipment. In addition, the new plant’s control system will be integrated with that of the existing unit 1. The new facility is based on Duke/Fluor Daniel’s two-on-one "reference plant design" and will include selective catalytic reduction and low-nitrogen oxide burners in the GE 7FA combustion turbines to reduce NOx emissions, and a "CO catalyst" to reduce carbon monoxide emissions.

"Bergen 2 is really chapter two in a very good story," said Clarence Ray, president and CEO of Duke/Fluor Daniel. "It continues a relationship begun in the 1990s when we provided similar services for the repowering of Bergen Generating Station, effectively integrating combined-cycle technology with existing steam technology. Bergen 2 provides our companies another opportunity to work together to make this station one of the premier power plants serving the Pennsylvania-New Jersey-Maryland Interconnection."

"Duke/Fluor Daniel’s experience and working relationship with us will make the difference on this project," said Robert W. Metcalfe, vice president of development, PSEG Power, LLC. "Their proven expertise with combined-cycle generation is known throughout the industry. But they also have been key to such advances as our use of treated waste water for cooling water make-up, and a plant design that eliminates the need for us to take water from the Hackensack River or to discharge effluent into it. PSEG Power is committed to environmental leadership, and Duke/Fluor Daniel is integral to achieving that."

PSEG Power is one of the world’s largest independent electric generating and energy trading companies, with a power generation portfolio of more than 13,000 MW. It is a subsidiary of Public Service Enterprise Group Inc., a diversified energy holding company headquartered in Newark, N.J.

Duke/Fluor Daniel, formed in 1989 by Duke Energy and Fluor Daniel, provides comprehensive engineering, procurement, construction and operating plant services for fossil-fueled electric power generation facilities worldwide. Additional information regarding the company can be found at www.dukefluordaniel.com.

Fluor Daniel is the engineering, procurement and construction division of Fluor Corporation (NYSE: FLR). In 1999, Fluor Corporation revenues were $12.4 billion. Additional information on Fluor Corporation is available on the Internet at: www.fluor.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: Ken Daledda (PSEG)
Phone: 201/313-7718
24 Hour Phone: 704/382-8333
Email: media_relations@duke-energy.com
Contact: Keith Karpe (Fluor Corp)
Phone: 949/349-7661
24 Hour Phone: 704/382-8333
Email: media_relations@duke-energy.com
Contact: Jeremy Dreier (Duke Energy)
Phone: 704/382-8343
24 Hour Phone: 704/382-8333
Email: jwdreier@duke-energy.com