News Release
Oct. 05, 2001

DUKE ENERGY: FIVE EMPLOYEES RECEIVE PINNACLE AWARDS

CHARLOTTE, N.C. – Five Duke Energy employees were honored today with the company’s Pinnacle Award for outstanding contribution to the company’s business success.

Honored were:

As chairman of a committee sponsored by the Department of Transportation, Andy Drake helped establish a risk-based alternative regulatory approach to federal pipeline safety regulations. Putting those practices into place at Duke Energy, Drake helped save about $7.6 million through the incorporation of technically superior and more cost-effective alternatives.

Alan Harris has led DEGT’s strategic planning group to craft some of the company’s strongest deals over the past two years. The East Tennessee Natural Gas system, the Market Hub Partners and the Gulfstream Pipeline were all successful efforts by DEGT’s strategic planning group over the past two years.

As Duke Energy’s first chief e-business officer, A.R. Mullinax helped bring Duke Energy into the e-commerce world. The company’s customer and employees portals have been big successes for the company. Also, the company’s effective supply chain strategies have save Duke Energy more than $100 million.

In May 2000, Duke Energy’s Oconee Nuclear Station became one of the first nuclear plants to receive license renewal from the Nuclear Regulatory Commission. Greg Robison led that effort for Duke Energy. His worked helped streamline regulatory efforts for license renewal – clearing the way for other nuclear units to follow the license renewal path.

Since Duke Energy entered the California energy market in 1998, Tom Williams has been instrumental in building the company’s reputation in that state. His community outreach programs around the company’s power plants and internal communication programs to hundreds of new Duke Energy employees have proved successful as the company expanded into new territories.

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