News Release
May 14, 2001

Duke Energy Highlights Power Plant Operational Excellence and Low Forced Outage Factors

MORRO BAY, Calif. -- Duke Energy is known worldwide for its power plant operational excellence and has leveraged this expertise in the operation of its four California power plants, which were built between 1956 and 1978.

In many cases Duke has achieved record production from these plant units in 2000--collectively these units produced more than 50 percent more electricity than in 1999. The output from these plants to date in 2001 has continued to increase and is expected to exceed production in 2000. Despite these historically high production levels, forced outage levels have been lower under Duke ownership than when the plants were owned by the state's utilities. In addition, Duke forced outage factors are much better than industry standards.

As a result of continually running the California plants beyond expected operating levels, and with the encouragement of state and federal officials, Duke has sought environmental variances for the four plants with local authorities to keep them fully available to the grid for the remainder of the year and during power emergencies this summer.

Please visit the Duke Energy web site to view two fact sheets that detail Duke's high production levels and low forced outage factors.

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: Pat Mullen
Phone: 805-595-5597
24 Hour Phone: 704-382-8333
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