News Release
Jan. 02, 2001

DUKE ENERGY: F. T. (CHIP) WEBSTER NAMED EXECUTIVE VICE PRESIDENT AND MANAGING DIRECTOR OF DUKE CAPITAL PARTNERS

HOUSTON – Duke Energy business unit Duke Capital Partners LLC has named F. T. (Chip) Webster executive vice president and managing director.

Webster brings more than 25 years of energy and corporate finance experience to Duke Capital Partners, most recently serving as partner and managing director of Arthur Andersen’s Energy Corporate Finance practice in North America. He also spent 20 years in corporate banking where he rose to the position of executive vice president and head of Energy and Corporate Banking for First City Bancorporation of Texas. In his role with Duke Capital Partners, Webster will be responsible for the company’s Houston operation.

A native of Houston, Webster earned his undergraduate and master’s degrees in business administration at Texas Christian University and completed the graduate banking school programs at Southern Methodist University and the University of Oklahoma. He is a long-standing member of the American Petroleum Institute, the Independent Petroleum Association of America and the Houston Producers’ Forum, among other energy industry organizations. He and his wife Elizabeth have five children.

Duke Capital Partners, based in Charlotte, N.C., with offices in Houston, provides debt and equity capital and financial advisory services, with particular focus on its parent company’s clients, strategic partners and commercial relationships. Duke Capital Partners leverages the experience and the financial strength of Duke Energy and functions as a competitive, independent investor and lender to companies at the forefront of their industries.

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: Danny Gibbs
Phone: 704/373-6680
24 Hour Phone: 704/382-8333
Email: dpgibs@duke-energy.com