News Release
June 10, 2003

DUKE ENERGY EMPLOYEES PUT VOLUNTEERISM TO WORK DURING GLOBAL SERVICE EVENT

CHARLOTTE, N.C. – Duke Energy’s major volunteerism effort is in full swing during the month of June as employees tackle projects around the world as part of the company’s Global Service Event.

“Last year, about 8,000 employees and retirees participated in the Global Service Event, enriching more than 100 communities in five countries,” said Jim Hendricks, Duke Energy’s vice president of corporate responsibility. “Duke Energy cares about the areas it serves, and during June, we make an extra effort to put those feelings to work.”

Although the roots of Duke Energy go back almost 100 years, the Global Service Event is a month-long celebration that commemorates the naming of Duke Energy in 1997 after the merger of Duke Power Co. and Houston-based PanEnergy Corp. The first Global Service Event was in 1998.

Every June for the past six years, the event has grown enormously. Last year, more than 325 projects were completed worldwide.

This June, the projects will be varied. Employees will build a school garden in Vancouver, British Columbia. In Charlotte, employees will refurbish a nature trail at a local elementary school. In Houston, employees will spend the day bowling with children diagnosed with cancer.

The Global Service Event complements the year-round volunteerism at Duke Energy. Each year employees have access to $250,000 in Duke Energy Foundation funds for materials used in volunteer projects. Additionally, the company hosts several classes each year for employees to learn how to be better board members for nonprofit organizations. Duke Energy is a member of VolunteerMatch, an online service that allows nonprofits to register their volunteer activities free of charge.

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: Randy Wheeless
Phone: 704/382-8379
24 Hour Phone: 704/382-8333
Email: crwheele@duke-energy.com