News Release
May 02, 2001

DUKE POWER PLEASED WITH GRAHAM'S SUPPORT OF NUCLEAR ENERGY

CHARLOTTE, N.C. – Duke Power’s top nuclear executive today said he was pleased to see U.S. policymakers’ renewed interest in nuclear energy.

Mike Tuckman, Duke Power’s executive vice president of nuclear generation, expressed his support of the objectives outlined in Congressman Lindsey Graham’s (R–S.C.) bill entitled the "Electricity Supply Assurance Act of 2001." Introduced today, the bill is aimed at ensuring nuclear energy continues contributing to the supply of electricity in the United States.

"While we have not yet studied all the bill’s provisions in detail, we applaud its goal of ensuring nuclear energy’s continued contribution to our electricity supply," said Tuckman. "Duke Power generates about half of our customers’ electricity using nuclear power. It is a vital part of our energy supply, and must remain so well into the future. We are delighted to see that Congressman Lindsey Graham and other policymakers recognize the important role nuclear energy must play in ensuring the Carolinas, and our nation, have an adequate supply of electricity."

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. Additional information about the company is available on the Internet at: www.duke-energy.com

Contact: Becky McSwain
Phone: 704/373-4503
24 Hour Phone: 704/382-8333
Email: rmcswain@duke-energy.com