News Release
Oct. 10, 2001

DUKE ENERGY TO BREAK GROUND ON THREE NEW PROJECTS IN THE WESTERN UNITED STATES

HOUSTON -- Duke Energy North America (DENA) today announced it will break ground this fall on three new natural gas-fired facilities adding 2,400 megawatts to the western United States. Construction on the projects will begin in October 2001 and all facilities will be operational by summer 2003.

The three projects announced today are the first of 11 facilities Duke Energy plans to build for 2003. The facilities include the 600-megawatt Luna Energy Facility in Deming, N.M., and the 1,200-megawatt Moapa Energy Facility, in Apex, Nev. A groundbreaking for the 600-megawatt Grays Harbor Energy Facility located in Satsop, Wash., was held yesterday. Duke Energy currently owns 8,000 megawatts in operation and has 5,400 megawatts under construction scheduled to come on line by summer 2002.

"Having reliable and affordable energy is key to getting our economy on track, keeping factories open and hard-working Americans employed," said Jim Donnell, DENA president and chief executive officer. " The Luna, N.M.; Grays Harbor, Wash.; and Moapa, Nev. projects are each examples of how Duke Energy can work with local communities and state governments to address serious infrastructure needs and support sustained economic development."

DENA began the permitting process for the three western facilities approximately two years ago -- well before low electricity reserves in the western United States became a major public issue. The three power plants will generate enough electricity to serve two and a half million homes.

All the announced facilities were designed by Duke/ Fluor Daniel (D/FD) with environmental and permitting services provided by Duke Engineering & Services. D/FD also will build and operate the facilities.

Duke Energy North America (DENA) is Duke Energy’s Houston-based merchant energy company.

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: Jennifer Pierce
Phone: 713/627-5719
24 Hour Phone: 704/382-8333
Email: jmpierce@duke-energy.com