News Release
Nov. 09, 2001

DUKE ENERGY EXECUTIVES DISCUSS MARKETING AND TRADING ACTIVITIES DURING WEBCAST MONDAY

CHARLOTTE, N.C. – Duke Energy North America President and Chief Executive Officer Jim Donnell and Mary Gilbert, DENA chief financial officer, will discuss marketing and trading activities and address analyst questions during the next installment of the company’s monthly chat series with investors on Monday, Nov. 12, at 2:30 p.m. EST.

Topics will include cash and non-cash earnings; accounting treatment of trading transactions, both accrual and mark-to-market; examples of structured transactions; examples of hedging transactions; and a review of terminology.

Internet users can view the webcast by accessing the investors' section of the company’s Web site to see slides and listen to audio. You can also listen to the conference by calling 888/855-5487 and using confirmation code 667730. International callers should use 719/457-2666. A replay of the conference call will be available through Nov. 26 by calling 888/203-1112, code 667730. International replay is available at 719/457-0820, code 667730.

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: Terry Francisco
Phone: 704/373-6680
24 Hour Phone: 704/382-8333
Email: thfrancisco@duke-energy.com