MEDIA ADVISORY: DUKE ENERGY TO DISCUSS FRANCHISED ELECTRIC OPERATIONS DURING INVESTORS' CHAT JUNE 22 - Duke Energy

News Release
June 16, 2005

MEDIA ADVISORY: DUKE ENERGY TO DISCUSS FRANCHISED ELECTRIC OPERATIONS DURING INVESTORS' CHAT JUNE 22

CHARLOTTE, N.C. – Duke Power President and Chief Executive Officer Ruth G. Shaw will discuss current priorities, performance and strategic initiatives of Duke Energy’s Franchised Electric Operations during an investors' chat on Wednesday, June 22 at 10 a.m. ET.

Investors and other interested persons can listen to the conference by dialing 800/481-9591, confirmation code 1036245. International callers should use 719/457-2731. 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 7/1/05, midnight ET. The replay number is 888/203-1112, confirmation code 1036245. The international replay number is 719/457-0820, confirmation code 1036245.

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. 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