News Release
October 28, 2003

TUCKMAN TO RETIRE AS CHIEF NUCLEAR OFFICER AT YEAR END

CHARLOTTE, N.C. -- Mike Tuckman, executive vice president of nuclear generation, today announced his intent to retire, effective Dec. 31. Tuckman has served as   Duke Energy’s chief nuclear officer for more than a decade.

Tuckman led the Duke Energy nuclear fleet to achieve record-breaking performance on every measure. Today, the nuclear plants are considered among the best in the United States. Tuckman is considered an industry leader and innovator and his accomplishments in the nuclear industry are widely recognized.

Brew Barron, a 31-year veteran of Duke Energy’s nuclear program, will assume the role of chief nuclear officer Jan. 1, 2004. Barron has served as station manager at Oconee Nuclear Station, site vice president at McGuire Nuclear Station and, most recently, senior vice president of nuclear operations.

Tuckman began his career at Duke Power in 1974 as the licensing engineer for the Oconee Nuclear Station. After a series of promotions including station manager at Oconee Nuclear Station and vice president of the Catawba nuclear site, he was named chief nuclear officer in 1993.

His weekly electronic newsletter – Team Nuclear – is widely read across Duke Energy. Under Tuckman’s leadership, Oconee Nuclear Station became the second nuclear plant in the United States to acquire a 20-year extension to its 40-year operating license and both McGuire and Catawba nuclear stations are on track to receive license extensions soon.

Tuckman has led many national nuclear energy policy efforts and has chaired several technical study committees for the Nuclear Energy Institute, the Institute of Nuclear Power Operations and the Electric Power Research Institute. 

Duke Power, a business unit of Duke Energy, is one of the nation’s largest electric utilities and provides safe, reliable, competitively priced electricity to more than 2 million customers in North Carolina and South Carolina. Duke Power operates three nuclear generating stations, eight coal-fired stations, 31 hydroelectric stations and numerous combustion turbine units. Total system generating capability is approximately 19,900 megawatts. More information about Duke Power is available on the Internet at: www.dukepower.com.

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: Rose Cummings
Phone: 704/382-6681
24-Hour Phone: 704/382-8333
e-mail: rbcummin@duke-energy.com