News Release
July 27, 2001

DEASON NAMED VICE PRESIDENT AT DUKENET COMMUNICATIONS

CHARLOTTE, N.C. – DukeNet Communications, LLC, a subsidiary company of Duke Energy, announces the addition of Richard Deason, vice president of marketing and business development.

In this newly created position, Deason will lead DukeNet’s sales, marketing and channel management efforts. "In the past, DukeNet has relied heavily on its sales partners and agents. We continue to encourage those relationships while at the same time developing a stronger sales support presence as we continue to build the DukeNet brand," said M.H. "Chip" Smith Jr., president of DukeNet.

Deason previously served 17 years at MCIWorldCom in various sales and technical management positions. Prior to joining DukeNet, he spent two years with Edge Connections, an integrated communications provider in Atlanta.

Making up Deason’s marketing and business development teams at DukeNet will be:

Headquartered in Charlotte, N.C., DukeNet is one of the largest wholesale SONET providers in the Southeast. In operation since 1994, DukeNet offers a wide variety of services including point-to-point local and long haul connectivity, incumbent local exchange carrier (ILEC) central office access and collocation services. More information about the company is available on the Internet at: www.dukenet.com.

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.

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