News Release
Jan. 30, 2001

DUKESOLUTIONS TO IMPROVE ENERGY OPERATIONS AT TORONTO PUBLIC LIBRARIES

CHARLOTTE, N.C. -- DukeSolutions has reached an energy efficiency agreement with the Toronto Public Library Board to begin implementing cost-savings and emission-reductions services at 85 of the board’s 105 buildings. Toronto’s public library system is the largest in Canada, with 98 branches serving 2.4 million people.

The Toronto Public Library project will become part of the Better Buildings Partnership (BBP), a city of Toronto program that promotes efficiency and renewal of commercial, institutional and multi-residential buildings. DukeSolutions will implement comprehensive energy efficiency and building renewal services that will result in annual savings of 10 percent and greenhouse gas emission reductions of 4,000 tons or 22 percent. The BBP has a stated goal of reducing greenhouse gas emissions in Toronto by 20 percent by 2005.

The BBP supports projects like the Toronto Public Library project by providing interest-free funding for two-thirds of the required investment. DukeSolutions will secure market funding for the remaining capital. The reduced cost of funds was crucial to including key building renewal improvements in the project. Other BBP projects under DukeSolutions management include First Canadian Place, Toronto Dominion Center and Toronto’s YMCA.

The Toronto Public Library Board is the city of Toronto organization that oversees the Toronto Public Library system.

DukeSolutions is a wholly owned subsidiary of Duke Energy that applies proven energy initiatives to solve complex business and operations issues for industrial, commercial and institutional customers. DukeSolutions integrates expertise available throughout the Duke Energy enterprise to bring additional value from operations and maintenance (Duke Engineering & Services) and trading (Duke Energy Merchants) to create energy solutions that reduce costs, lower risk and improve energy efficiency.

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: Rick Wirth, DukeSolutions
Phone: 704/373-6611
24 Hour Phone: 704/382-8333
Email: rfwirth@duke-energy.com
Contact: Cathy Ranieri, Toronto Public Library
Phone: 416/397-5973
24 Hour Phone: n/a
Email: n/a