News Release
Feb. 18, 2002


CHARLOTTE, N.C. – Duke Energy’s Richard Osborne, executive vice president and chief risk officer, and Keith Butler, senior vice president and controller, will conduct a conference call with members of the media on Tuesday, Feb. 19, from 2:30 to 3:30 p.m. ET.

The purpose of the call is to have an educational discussion of financial and risk management issues.


Callers should dial in 5-10 minutes prior to the scheduled start time. In addition, interested parties will be able to participate in a live webcast of the conference call. Go to the company’s website, and go to the Newscenter section. By accessing the website, interested parties may see slides and listen to the audio of the conference call but will be unable to ask questions. Members of the media must dial into the conference call number to participate in the question and answer portion of the call.


The dial-in numbers are:

Telephone No.:              800/946-0786    

International Callers:       719/457-2662

Confirmation Code:         580652


A replay of the conference call will be available for the next 30 days:

Replay Number:             888/203-1112    

International Replay:       719/457-0820    

Confirmation Code:         580652


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:


Contact: Jennifer Hillings Epstein
Phone: 704/382-1221
24 Hour Phone: 704/382-8333