News Release
Sept. 26, 2000

DUKE/FLUOR DANIEL AFFILIATE WINS CONTRACT TO OPERATE AND MAINTAIN BATU HIJAU POWER PLANT IN INDONESIA

CHARLOTTE, N.C. -- The Duke/Fluor Daniel (D/FD) affiliate, PT Nusantara Power Services (PTNPS), a joint venture between D/FD and Catur Yasa, has been awarded a contract by PT Newmont Nusa Tenggara (PTNNT), to provide operations, maintenance and management services for the Batu Hijau generating facilities, which serve PTNNT's copper and gold mining and milling operations on the Indonesian island of Sumbawa.

With a total net capacity of 160 megawatts, the Batu Hijau power facility includes four 28- megawatt pulverized coal units and nine five-megawatt diesel-fired generators. As part of the contract, PTNPS will be responsible for plant staffing and management. It is expected that the plant will employ about 120, with provision in staffing plans to move toward a fully Indonesian work force. The generating facilities were designed by Duke/Fluor Daniel and constructed by Fluor Daniel.

"We have forged a strong relationship, based on the mutual success of our companies," said Ted Rosiak Jr., commissioner of PTNPS. "That mutual success in turn is built on the reliability and efficiency of these crucial power generation facilities, coupled with low-cost operation. We’re pleased our track record has given us the opportunity to continue serving PT Newmont Nusa Tenggara's Indonesian operations."

A company owned by Newmont Mining Corporation of Denver, Colorado, Sumitomo Corporation of Tokyo and an Indonesian company, PTNNT is mining/milling the estimated 11.2 billion pounds of copper and 14.7 million ounces of gold from the Batu Hijau porphyry deposit.

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: 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
Contact: Doug Hock (Newmont)
Phone: 303/837-5812
24 Hour Phone: 704/382-7333
Email: media_relations@duke-energy.com