News Release
January 09, 2004

MEDIA ADVISORY: DUKE ENERGY'S YEAR-END EARNINGS ANNOUNCEMENT SCHEDULE AND WEBCAST INFORMATION

CHARLOTTE, N.C. – Duke Energy will announce its year-end and fourth quarter 2003 earnings results at approximately 7 a.m. ET on Thursday, Jan. 29, 2004.

An earnings conference call for analysts is scheduled for 10 a.m. ET on Thursday, Jan. 29. The conference call can be accessed via the investors' section of Duke Energy’s Web site or by dialing 800/946-0786 in the United States or 719/457-2662 outside the United States. The confirmation code is 474733. Please call in five to 10 minutes prior to the scheduled start time. A replay of the conference call will be available by dialing 888/203-1112 with a confirmation code of 474733. The international replay number is 719/457-0820, confirmation code 474733. A replay and transcript also will be available by accessing the investors' section of the company’s Web site.

Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, which supply, deliver and process energy for customers in North America and selected international markets. In 2004, Duke Energy 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