News Release
June 03, 2002

DUKE ENERGY INTERNATIONAL NAMES LATIN AMERICAN LEADERSHIP

HOUSTON -- Duke Energy International (DEI) has named Michael Dulaney and John Enloe senior vice presidents for Latin America.

Enloe will lead DEI’s activities and operations in northern Latin America, including Mexico, the Caribbean, Central America, Peru and Ecuador. Dulaney will lead DEI’s business in the Southern Cone, including Brazil, Argentina, Bolivia and Chile. Both will report directly to DEI President and Chief Executive Officer Richard McGee.

 

McGee noted that dividing DEI’s operations in Latin America into two regions makes good management sense, given the increased size, scope, complexity and diversity of DEI’s Latin American business.

 

“Michael and John are both very experienced and capable managers who will ensure that we continue to execute on our strategy of building integrated regional energy businesses in Latin America,” said McGee. “Their experience and talent will position DEI to take advantage of the many opportunities in Latin America as markets continue to liberalize and develop.”

 

Dulaney began his career with DEI in 1998 as managing director, southern Latin America, and was named vice president, Brazil, in November 1999. Before joining DEI, he served as manager of development at InterGen Energy Inc. in Coral Gables, Fla., where he was accountable for its Latin American development efforts. Prior to that he held international positions in energy and banking.

 

Enloe joined DEI in July 1999 as managing director of business development for Latin America. Before that, he served as the managing director of the energy advisory group for CIBC Oppenheimer World Market in Houston from 1997 to 1999. From 1989 to 1997, he served in several executive positions for British Gas PLC, last holding the post of senior vice president of business development for the company.

 

Duke Energy International, a subsidiary of Duke Energy, builds, through development or acquisition, regional energy businesses that include natural gas and power facilities, and energy trading and marketing operations in Europe, Latin America and Asia Pacific.  DEI’s energy portfolio includes over 6,000 megawatts of hydroelectric and thermal generation, and nearly 2,400 miles (3,850 km) of gas pipeline.

 

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 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: Deb Witmer
Phone: 713/627-5848
24 Hour Phone: 704/382-8333
Email: dfwitmer@duke-energy.com