News Release
June 13, 2001

DUKE ENERGY PURSUES LICENSE RENEWAL FOR NUCLEAR STATIONS

CHARLOTTE, N.C. – Duke Energy today petitioned the Nuclear Regulatory Commission to renew the operating licenses for both McGuire and Catawba nuclear stations.

This would enable the two power plants to produce electricity for North Carolina and South Carolina into the 2040s.

"Our nuclear stations are an integral part of our overall energy mix designed to safely and reliably meet our customers’ electricity demands today and into the future," said Michael S. Tuckman, executive vice president of nuclear generation.

Nuclear provided half of all the electricity used by Duke Energy’s two million customers in the Piedmont section of North Carolina and South Carolina last year.

Upon successful completion of the license renewal process, all three nuclear stations operated by Duke Power, a business unit of Duke Energy, will be licensed to operate well into the 21st century.

Oconee Nuclear Station, near Seneca, S.C., was the second nuclear facility in the United States to obtain a renewed license when it received NRC approval for a 20-year extension last May.

"This is a proud moment for Duke Power and its employees, who have worked diligently to keep the lights on in the Piedmont section of North Carolina and South Carolina," said Tuckman. "We have a tradition of meeting our customers’ energy needs safely and efficiently. McGuire, Catawba and Oconee play an integral role in meeting those needs."

Duke Power, a business unit of Duke Energy, is one of the nation’s largest electric utilities and provides safe, reliable, competitively priced electricity to approximately two million customers in North Carolina and South Carolina. Duke Power operates three nuclear generating stations, eight coal-fired stations, 31 hydroelectric stations and numerous combustion turbine units. Total system capability is 19,375 megawatts. More information about Duke Power is available on the Internet at: www.dukepower.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.

Contact: Tom Shiel
Phone: 704/373-6396
24 Hour Phone: 704/382-8333
Email: tpshiel@duke-energy.com