News Release
April 01, 2004

DUKE ENERGY EMPLOYEES PUT VOLUNTEERISM TO WORK FOR 100 DAYS DURING GLOBAL SERVICE EVENT

CHARLOTTE, N.C. – Duke Energy’s major volunteerism effort -- the Global Service Event -- will expand to 100 days this year to commemorate the 100th anniversary of Duke Power, Duke Energy’s most senior business unit.

The company’s seventh Global Service Event will begin on April 1 and continue for 100 days through July 9 as company employees participate in volunteer projects large and small. In the past, the volunteerism event lasted for the entire month of June.

“Last year, about 8,000 employees and retirees participated in the Global Service Event – tackling 325 projects around the globe,” said Paul Anderson, chairman of the board and chief executive officer of Duke Energy. “This year, we will expand our event to 100 days to recognize the 100 years that our company has contributed to the quality of life in the areas we serve.”

Although the roots of Duke Energy go back 100 years, the Global Service Event commemorates a more recent event -- the naming of Duke Energy in 1997 after the merger of Duke Power and Houston-based PanEnergy Corp. The first Global Service Event was in 1998.

For the past seven years, the event has grown enormously, with more than a third of all Duke Energy employees participating in community projects. This year, many Duke Energy locations across the globe will host food drives over the first two weeks of the event to benefit local community food banks.

The Global Service Event complements the year-round volunteerism at Duke Energy. Each year employees have access to $200,000 in Duke Energy Foundation funds for materials used in volunteer projects. Additionally, the company hosts classes periodically for employees to learn how to be better board members for nonprofit organizations.

Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in North America and selected international markets. In 2004, the company celebrates a century of service with the 100th anniversary of its electric utility Duke Power. Headquartered in Charlotte, N.C., Duke Energy 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
e-mail: crwheele@duke-energy.com