News Release
Sept. 10, 2001

DUKE ENERGY: A LEADING COMPANY IN CORPORATE SUSTAINABILITY

CHARLOTTE, N.C. -- Duke Energy has been named one of the world’s leading companies in a measurement of overall financial, environmental and social management.

The company will be added to the 2002 Dow Jones Sustainability World Index (DJSI World), a global index of the world’s most sustainable firms. Launched in 1999, the DJSI World is the world’s first global index tracking the performance of leading sustainable corporations worldwide.

The DJSI World is comprised of the top 10 percent of the largest 2500 companies in the Dow Jones Global Index in terms of economic, environmental and social criteria. The new index will be comprised of 312 companies from 62 industries in 26 countries. The index is reviewed annually by Dow Jones and the Zurich-based Sustainable Asset Management (SAM) Group.

"We are honored to be a top performer in the area of corporate sustainability," said Richard B. Priory, chairman, president and chief executive officer of Duke Energy. "We have a long history of balancing business needs with environmental, community and stakeholder interests and continue to believe this approach delivers superior value for our shareholders."

Corporate sustainability, as defined by the DJSI World, is a business approach that seeks to create long-term shareholder value by embracing opportunities and managing risks derived from economic, environmental and social developments. Full details of the design philosophy, review methodology and index composition are available on the Internet at www.sustainability-indexes.com.

"Sustainability has moved into mainstream asset management," said Mike Petronella, managing director of Dow Jones Indexes. "A growing number of investors now share our conviction that integrating economic, environmental and social success factors into business strategy can result in competitive advantages."

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