News Release Jan. 08, 2002

CHARLOTTE, N.C. – Duke Energy will announce its fourth quarter and overall year 2001 earnings results at approximately 7 a.m. ET on Thursday, Jan. 17.

An earnings conference call for analysts is scheduled for 10 a.m. ET on Thursday, Jan. 17. The conference call can be accessed via Duke Energy’s Web site on the investors' section or by dialing 800/946-0783 in the United States or 719/457-2658 outside the United States. The confirmation code is 419884. Please call in 5-10 minutes prior to the scheduled start time. 

A replay of the conference call will be available for 30 days by dialing 888/203-1112 with a confirmation code of 419884. The international replay number is 719/457-0820. A replay also will be available by accessing the investors' section of the company’s Web site.

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 .