News Release
September 16, 2004

MEDIA ADVISORY: DUKE ENERGY CHAIRMAN AND CEO PAUL ANDERSON TO SPEAK AT BANC OF AMERICA INVESTMENT CONFERENCE ON TUESDAY

CHARLOTTE, N.C. – Duke Energy today announced that Chairman of the Board and Chief Executive Officer Paul Anderson will speak at the Banc of America Securities 34th Annual Investment Conference at 1:30 p.m. ET on Tuesday, Sept. 21, 2004, in San Francisco.

A copy of the slide presentation will be available on Duke Energy Investors Web site at www.duke-energy.com/investors/. Anderson’s presentation will also be audio cast live at Duke Energy’s Investors Web site and archived through Oct. 8, 2004.

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: http://www.duke-energy.com.

Contact: Randy Wheeless
Phone: 704/382-8379
24-Hour Phone: 704/382-8333
e-mail: crwheele@duke-energy.com