News Release
December 06, 2004

MEDIA ADVISORY: DUKE ENERGY TO DISCUSS GAS TRANSMISSION OPPORTUNITIES DURING INVESTORS' CHAT DEC. 17

CHARLOTTE, N.C. – Duke Energy Gas Transmission’s President and Chief Executive Officer Tom O’Connor will discuss Duke Energy's view of the North American natural gas markets and the company’s growth opportunities in the area of liquefied natural gas (LNG) during an investors' chat on Friday, Dec. 17, at 10 a.m. ET. Also, Duke Energy will provide the company's initial 2005 outlook.     

Investors and other interested persons can listen to the conference by dialing 800/946-0713, confirmation code 102929. International callers should use 719/457-2642. Please dial in 10-15 minutes prior to the scheduled start time. In addition, interested parties may see slides and listen to the audio of the conference call by accessing the investors’ section (http://www.duke-energy.com/investors/)of the company’s Web site at: http://www.duke-energy.com A replay of the conference call will be available through 12/26/04, midnight ET. The replay number is 888/203-1112, confirmation code 102929. The international replay number is 719/457-0820, confirmation code 102929.

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