News Release
July 09, 2001

DUKE/FLUOR DANIEL AWARDED CONTRACT FOR 1,789-MEGAWATT POWER PROJECT IN TEXAS

CHARLOTTE, N.C. – Duke/Fluor Daniel (D/FD) has been awarded a contract by FPL Energy to provide engineering, procurement, construction and commissioning services for the 1,789-megawatt Forney Power Project in Forney, Texas, near Dallas. FPL Energy, a subsidiary of FPL Group, Inc., will own and operate the facility. When completed in summer 2003, the plant will be one of the largest independent power plants in Texas.

D/FD is providing the services on a fixed-price, turnkey basis. Engineering and construction work is underway. During peak construction, the project is expected to employ up to 950 people. The contract value was not disclosed.

"When the Forney Power Project becomes operational in 2003, we will have more than 3,000 megawatts of generation in Texas serving regional needs," said Lewis Hay, president and chief executive officer of FPL Group Inc. "We are delighted to enhance our portfolio of clean, low-cost generation to meet the growing energy demand in Texas."

"The Forney project is the largest power plant, in terms of generation capacity, that D/FD has engineered and constructed," said Jeff Faulk, president and chief executive officer of D/FD. "FPL Energy’s status as a premier independent power producer is strongly enhanced by this Texas-sized project, and we appreciate their confidence in D/FD to make it a reality."

FPL Energy is a leading independent producer of clean energy, including natural gas, wind, solar and hydroelectric. It owns and operates power plants with more than 4,100 total net megawatts in 12 states across the country. Given current development activities, FPL Energy expects to have more than 9,000 megawatts in operation by 2003. FPL Group, with annual revenues of more than $7 billion, is one of the nation’s largest providers of electricity-related services. FPL Group’s principal subsidiary is Florida Power & Light Company, one of the nation’s largest electric utilities, serving approximately 3.9 million customer accounts in Florida. Additional information is available on the Internet at www.fplenergy.com, www.fplgroup.com and www.fpl.com.

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 www.dukefluordaniel.com.

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

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: Jeremy Dreier
Phone: 704/382-8343
24 Hour Phone: 704/382-8333
Email: jwdreier@duke-energy.com