News Release
May 06, 2004

DUKE ENERGY TO WEBCAST ANNUAL MEETING ON MAY 13

CHARLOTTE, N.C. -- Duke Energy will webcast its annual shareholders meeting on Thursday, May 13, 2004, at 10 a.m. ET.

The event will take place at O.J. Miller Auditorium at the company’s Energy Center headquarters located at 526 South Church Street in Charlotte, N.C. Duke Energy Chairman and Chief Executive Officer Paul Anderson and President and Chief Operating Officer Fred Fowler will address shareholders during the meeting.

The webcast can be heard by going to Duke Energy’s investors’ section of the company’s Web site at http://www.duke-energy.com/investors/events/2004_Annual_Meet.asp

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