JIM MOGG HONORED WITH HANLON AWARD FROM GAS PROCESSORS ASSOCIATION - Duke Energy

News Release
March 15, 2005

JIM MOGG HONORED WITH HANLON AWARD FROM GAS PROCESSORS ASSOCIATION

SAN ANTONIO – Duke Energy Group Vice President and Chief Development Officer Jim Mogg has been honored with the prestigious Gas Processors Association’s (GPA) Hanlon Award – recognizing him for his work in building and expanding Duke Energy Field Services (DEFS).

Mogg was honored Monday at the association’s annual convention in San Antonio. GPA President Rob Martinovich recognized Mogg’s efforts in building DEFS to its industry-leading status in the natural gas liquids (NGL) business.

“Through his exceptional business skills and superb leadership, Jim guided the creation of the largest midstream company this industry has ever seen,” said Martinovich. “DEFS today is twice the size of its closest competitors with daily NGL production that approaches 400,000 bbls/day.” 

Mogg began his career at Duke Energy in the gas supply department of Panhandle Eastern Pipeline in 1973. He was elevated to positions of increasing responsibility within Panhandle Eastern until 1992, when he was named president of Centana Energy Corp. At that time, Centana, with two processing plants, was Panhandle Eastern’s gathering and processing business. In 1994, he was named president and chief executive officer of Pan Energy Field Services which later became Duke Energy Field Services. Mogg left DEFS to accept his current position in 2004.

In 2004, DEFS – a partnership between Duke Energy and ConocoPhillips – boasted revenues of more than $10 billion. The company is headquartered in Denver.

The Hanlon Award is named for the late Ed Hanlon, a gas processing pioneer during the early 1900s in West Virginia. He later founded the Hanlon Companies, and was a former chairman of the board of the National Trust Bank of Tulsa. GPA established this award in 1937.

GPA has served the light hydrocarbons industry since 1921, as an incorporated nonprofit trade association. Its corporate members are engaged in the processing of natural gas into merchantable pipeline gas, volume movement, or further processing of liquid products from natural gas. Member companies represent approximately 92 percent of all natural gas liquids produced in the United States and operate approximately 190,000 miles of domestic gas gathering lines.

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.

Contact: Ron Brunner, GPA
Phone: 918/493-3872
24-Hour Phone: n/a
e-mail: rbrunner@gasprocessors.com
Contact: Randy Wheeless, Duke Energy
Phone: 704/382-8379
24-Hour Phone: 704/382-8333
e-mail: crwheele@duke-energy.com