News Release
March 25, 2002

DUKE ENERGY EXECUTIVE VICE PRESIDENT AND CFO ROBERT BRACE TO DISCUSS UPDATED FINANCIAL DISCLOSURES AND REVIEW EARNINGS EXPECTATIONS FOR THE YEAR 2002 DURING WEBCAST WEDNESDAY

CHARLOTTE N.C.  – Duke Energy Executive Vice President and Chief Financial Officer Robert Brace will discuss Duke Energy’s updated financial disclosures and review earnings expectations during the next installment of the company’s monthly chat series with investors on Wednesday, March 27, at 11 a.m. ET

Internet users can view the webcast by accessing the investors' section  of the company’s Web site to see slides and listen to audio. You can also listen to the conference by calling 800/616-9004 and using confirmation code 706506. International callers should call 719/457-2620 and use confirmation code 706506. A replay of the conference call will be available through April 12 by calling 888/203-1112, code 706506. The international replay is available at 719/457-0820, code 706506.

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: Terry Francisco
Phone: 704/373-6680
24 Hour Phone: 704/382-8333
Email: thfrancisco@duke-energy.com