News Release
Jan. 11, 2001

DUKE ENERGY TO HOLD CONFERENCE CALL TODAY AT 2 P.M. ET

Duke Energy will host a conference call today at 2 p.m. ET to discuss the recent events concerning the California power market.

Jim Donnell, president and chief executive officer of Duke Energy North America, will be on the call to review the company’s position in California and answer questions.

Interested parties may dial in by calling 888/857-6929 or 719/457-2600 for international callers, with the confirmation code 407627. Please call at least 5 to 10 minutes prior to 2 p.m. ET.

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: http://www.duke-energy.com.

Contact: Randy Wheeless
Phone: 704/382-8379
24 Hour Phone: 704/382-8333
Email: crwheele@duke-energy.com