News Release
Oct. 02, 2001

DUKESOLUTIONS TO REDUCE ENERGY COSTS AT FORT JACKSON

CHARLOTTE N.C. – DukeSolutions will design, install and finance energy-savings measures at Fort Jackson, the U.S. Army post in Columbia, S.C. DukeSolutions will install geothermal heat pumps, perform lighting and chiller plant control upgrades and install demand-limiting controls designed to improve reliability while saving energy. The total value of the contract is approximately $44 million.

DukeSolutions will install geothermal heat pumps in family housing units and officers’ quarters to improve energy efficiency and ensure comfort during extreme outside temperatures. Geothermal units harness the energy of the earth to heat and cool structures using significantly less energy than a conventional heating and cooling system.

Construction is scheduled to begin in November. Nearly 250 local jobs will be created. "It’s always an honor to be awarded projects that improve living conditions and reduce energy costs on our nation’s military bases," said Ron Green, chief operating officer at DukeSolutions. "But in this time of heightened focus on national security, we’re even more enthused about delivering the benefits of energy performance contracting, including lower emissions and reduced dependence on foreign oil."

The project has been awarded under the U.S. Department of Energy, Energy Savings Performance Contract for the Southeast Region. It enables Fort Jackson to comply with Executive Order 13123 that stipulates energy usage reduction of 35 percent by 2010. In addition to energy savings, the measures will improve reliability and reduce operations and maintenance costs.

Fort Jackson, S.C., is the largest and most active Initial Entry Training Center in the U.S. Army, providing training to almost 50 percent of the men and women who enter the U.S. Army each year. The fort encompasses more than 52,000 acres and 1000 buildings.

DukeSolutions is a wholly owned subsidiary of Duke Energy that applies proven energy initiatives to solve complex business and operations issues for industrial, commercial and institutional customers. DukeSolutions integrates expertise available throughout the Duke Energy enterprise to bring additional value from operations and maintenance (Duke Engineering & Services) and trading (Duke Energy Merchants) to create energy solutions that reduce costs, lower risk and improve energy efficiency.

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: Rick Wirth
Phone: 704/373-6611
24 Hour Phone: 704/382-8333
Email: rfwirth@duke-energy.com