News Release
Aug. 10, 2001

DUKE ENERGY CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER RICK PRIORY WILL DISCUSS DUKE ENERGY STRATEGY DURING WEBCAST THURSDAY

CHARLOTTE, N.C. – Duke Energy Chairman, President and Chief Executive Officer Rick Priory will address analyst questions and discuss company strategy during the next installment of the company’s monthly chat series scheduled for Thursday, Aug. 16 at 11 a.m. EDT.

Internet users can participate in the webcast by accessing the investors' section of the company’s Web site to view slides and listen to audio. You can also listen to the conference by calling 800/210-9006 and using confirmation code 697527. International callers should use 719/457-2621. A replay of the conference call will be available through Aug. 31 by calling 888/203-1112, code 697527. International replay is available at 719/457-0820, code 697527.

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: www.duke-energy.com.

Contact: Terry Francisco
Phone: 704/373-6680
24 Hour Phone: 704/382-8333
Email: thfrancisco@duke-energy.com