News Release
April 12, 2001


CHARLOTTE, N.C. – Duke/Fluor Daniel has been awarded a contract by PSEG Power L.L.C. to perform engineering, procurement and construction (EPC) services for the Waterford Energy Facility, a nominal 865-megawatt, natural gas-fueled, combined-cycle merchant power plant in Waterford Township, Ohio.

Duke/Fluor Daniel will provide a full scope of services, including engineering, procurement, construction, start-up, plant commissioning and training. Commercial operation of the combined- cycle plant is scheduled for May 2003.

"PSEG continues to provide great opportunities for bringing additional power to a power-hungry nation. We view them as one of the premier developers of merchant generation," said Clarence Ray, president and chief executive officer of Duke/Fluor Daniel. "Currently our two companies are working together on nearly 4,000 megawatts of power generation that harnesses clean burning natural gas and highly efficient combined-cycle technology for the grid."

"Duke/Fluor Daniel understands the new world of ‘merchant power’ as well or better than any engineering and construction company in the world," said Robert Metcalfe, vice president of construction, PSEG Power. "D/FD understands the market-driven world of merchant power and has been able to work effectively with us on a variety of projects – ranging from repowering to greenfield projects such as Waterford."

PSEG Power is one of the world’s largest independent electric generating and energy trading companies, with a power generation portfolio of more than 17,000 MW of capacity in operation, construction or advanced development. It is a subsidiary of Public Service Enterprise Group Inc, a diversified energy holding company headquartered in Newark, NJ.

With 2000 revenues of $10 billion, Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance, project management and business services.

Duke/Fluor Daniel provides comprehensive engineering, procurement, construction and operating plant services for fossil-fueled electric power generating facilities worldwide. The general partnership of Duke Energy and Fluor Corporation is one of the largest power contractors in the world and has the largest U.S. market share for the engineering and construction of natural gas-fired power projects. D/FD operating plant services supports utility, merchant and cogeneration plants, including operations and maintenance contracts, capital projects, environmental retrofits and other major plant improvements. For more information visit

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 more than $49 billion in 2000. 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

Contact: Rick Rhodes
Phone: (704)382-3747
24 Hour Phone: (704)382-8333