News Release
May 23, 2001

EXECUTIVE APPOINTMENTS AT DUKE ENERGY GENERATION SERVICES

CHARLOTTE, N.C. – Clarence Ray, president of Duke Energy Generation Services, today announced key appointments within his organization.

Formed in March, Duke Energy Generation Services will provide operations and maintenance services for Duke Energy’s rapidly growing fleet of merchant and regulated power plants within North America -- more than 30,000 megawatts of capacity in operation or under construction. Ownership of these plants will continue to reside with Duke Energy business units Duke Power and Duke Energy North America.

The formation of Duke Energy Generation Services requires approvals from state and federal regulatory agencies.

"At Duke Energy, we’ve assembled an industry-leading team of power plant professionals," said Ray. "The creation of Duke Energy Generation Services will allow for a greater focus on the Duke Energy trademark of operational excellence and efficiency at our power plants in the Carolinas and nationwide."

Mike Tuckman joined Duke Power in 1974 as an engineer. During his career he has worked extensively at Duke Power’s nuclear stations. He was named vice president of the Catawba nuclear site in 1991 and senior vice president, nuclear generation, in 1993. In 1997, he was named executive vice president, nuclear generation.

Curtis Davis joined Duke Power in 1974 as a junior engineer in retail operations. He was named manager, business planning, in 1991; general manager, strategic business group, in 1994; vice president, electric system support, in 1997; and was named senior vice president, power generation, in 1998.

Berry Bright joined Duke Power in 1974 as an associate engineer in the construction department at McGuire Nuclear Station. He worked at the McGuire and Catawba nuclear sites throughout his early career. He was named vice president, electric system support, in 1998 and was named vice president, fossil operations, in 2000.

George Wackerhagen joined Duke Power in 1975, working his early years in various engineering and marketing roles. He joined Duke/Fluor Daniel in 1996 and managed the operation of a 175-megawatt power generation facility in Dover, Del. He was later named to his current position of vice president of operations and maintenance at Duke/Fluor Daniel.

Rick Roper joined Duke Power in 1988 as an assistant engineer. During his career at Duke Power, he has worked at nuclear, fossil and hydroelectric stations as part of the company’s electric system support department. In January, he was named manager of hydro generation.

Rance Hall joined Duke/Fluor Daniel in 1991 as treasurer and director of finance. He was most recently chief financial officer and vice president of finance and administration at Duke/Fluor Daniel before being named CFO of Duke Energy Generation 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: Randy Wheeless
Phone: 704/382-8379
24 Hour Phone: 704/382-8333
Email: crwheele@duke-energy.com