DUKE POWER CUSTOMERS SET NEW ALL-TIME PEAK - Duke Energy

News Release
July 28, 2005

DUKE POWER CUSTOMERS SET NEW ALL-TIME PEAK

CHARLOTTE, N.C. – Duke Power customers set a new all-time record for electricity yesterday at 5 p.m. with a peak demand of 18,687 megawatts. This surpassed the previous July 2002 peak of 18,040 megawatts.

“We know during times of extreme temperature our customers count on us to deliver the energy they need to cool their homes and businesses,” said Theopolis Holeman, group vice president of power delivery. “Our reliable generation and distribution systems were able to meet our customers’ needs as Duke Power and neighboring utilities experienced record demand.”  

Each year, Duke Power adds 60,000 new customers to its system and has a comprehensive planning process to ensure it continues to meet growing customer demand. The company is evaluating new nuclear, purchase power and efficient, state-of-the-art coal and natural gas and oil plants, additional conservation measures and renewable energy options as it makes plans to meet the future energy needs of the Carolinas.           

Duke Power, a business unit of Duke Energy, is one of the nation’s largest electric utilities and provides safe, reliable, competitively priced electricity and value-added products and services to more than 2 million customers in North Carolina and South Carolina. The company operates three nuclear generating stations, eight coal-fired stations, 31 hydroelectric stations and numerous combustion turbine units. Total system generating capability is approximately 19,900 megawatts. More information about Duke Power is available on the Internet at: http://www.dukepower.com.

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 the Americas. 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.

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