News Release
June 10, 2003

DUKE ENERGY CHAIRMAN AND CEO RICK PRIORY TO PARTICIPATE IN 2003 DEUTSCHE BANK ELECTRIC POWER CONFERENCE WEDNESDAY

CHARLOTTE, N.C. – Duke Energy Chairman and Chief Executive Officer Richard B. Priory will discuss the company’s strategy at the 8th Annual Deutsche Bank Electric Power Conference on Wednesday, June 11, at 3 p.m. in New York.

A live webcast of the presentation, along with accompanying slides, will be available at the company’s investors' Web site, www.duke-energy.com/investors. A replay of the presentation will be available immediately thereafter and will be archived until June 30. The presentation may include certain non-GAAP financial measures as defined under SEC rules. In such event, a reconciliation of those measures to the most directly comparable GAAP measures will be available at: http://www.duke-energy.com/investors/financial/gaap.

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: Media - Terry Francisco
Phone: 704/373-6680
24 Hour Phone: 704/382-8333
Email: tjfrancisco@duke-energy.com
Contact: Analyst: Greg Ebel
Phone: 704/382-8118
24 Hour Phone: n/a
Email: glebel@duke-energy.com