News Release
April 15, 2002

DUKE/FLUOR DANIEL AWARDED CONTRACT TO BUILD 1,240-MEGAWATT NATURAL GAS-FIRED POWER PLANT IN OHIO

CHARLOTTE, N.C. – Duke/Fluor Daniel has been awarded a contract by Duke Energy North America to provide turnkey engineering, procurement and construction (EPC) services for the 1,240-megawatt Hanging Rock Energy Facility in Lawrence County, Ohio.

The natural gas-fueled facility will feature two pairs of General Electric 7 FA combustion turbine generators operating in combined cycle with two General Electric class D11 steam turbine generators. Commercial operation is scheduled for summer 2003. The value of the contract was not disclosed.

 

“Hanging Rock brings Duke/Fluor Daniel’s portfolio of active EPC projects for natural gas-fired power generation to more than 22,000 megawatts,” said Jeff Faulk, president and chief executive officer of Duke/Fluor Daniel. “This project helps maintain our leadership in bringing combined- cycle and simple-cycle power projects from the drawing board to the grid.”

 

“Given its strategic location in the grid and the overall quality of the project, Hanging Rock is a solid example of the merchant power projects that will serve North America’s energy appetite – which is continuing to grow at a baseline rate of 1 percent to 2 percent per year,” said Jim Donnell, president and chief executive officer of Duke Energy North America. “Duke/Fluor Daniel continues to do an excellent job equipping us to serve that growing demand.”

 

Duke/Fluor Daniel provides comprehensive engineering, procurement, construction, commissioning and operating plant services for fossil-fueled electric power generating facilities worldwide. The partnership of Duke Energy and Fluor Corporation affiliates is one of the largest power contractors in the world and has the largest U.S. market share for the engineering and construction of natural gas-fired power projects. Duke/Fluor Daniel Operating Plant Services supports utility, merchant and cogeneration plants, including operations and maintenance contracts, capital projects, turbine fleet management, environmental retrofits and other major plant improvements. For more information visit www.dukefluordaniel.com.

 

Duke Energy North America (DENA) is Duke Energy’s Houston-based merchant energy company. DENA currently owns 7,100 megawatts of generation capacity and has 10,900 megawatts under construction scheduled to come on line by summer 2003.

 

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Aliso Viejo, Calif., Fluor is a Fortune 500 company with revenues of $9 billion in fiscal year 2001. For more information, visit www.fluor.com.

 

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 $59 billion in 2001. 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: Jeremy Dreier
Phone: 704/382-8343
24 Hour Phone: 704/382-8333
Email: jwdreier@duke-energy.com