News Release
Dec. 20, 2002

DUKE ENERGY PROVIDING QUARTERLY INFORMATION REGARDING DEBT FACILITIES

CHARLOTTE, N.C. – Duke Energy is now providing investors with enhanced information related to its balance sheet debt on the investor’s section of the Duke Energy website, www.duke-energy.com.

 

The supplemental debt information, which up until now was only consolidated on an annual basis through the company’s 10-K filing to the Securities and Exchange Commission, includes quarterly updates on debt maturity dates, interest rates, and commercial paper and letter-of-credit programs for Duke Energy and its consolidated subsidiaries.

 

“Investors today want more detailed financial information in order to make informed decisions,” said Greg Ebel, vice president of investor relations.  “Due to increased interest from investors regarding our debt instruments, we will make this quarterly information more accessible through the utilization of our website.  We also intend to integrate this information into future 10-Q filings to the SEC.”

 

Duke Energy is a diversified multinational energy company with an integrated network of energy assets and expertise. The company manages a dynamic portfolio of natural gas and electric supply, delivery and trading businesses – meeting the energy needs of customers throughout North America and in key markets around the world. Duke Energy, headquartered in Charlotte, N.C., is a Fortune 500 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: Terry Francisco
Phone: 704-373-6680
24 Hour Phone: 704-382-8333
Email: thfrancisco@duke-energy.com