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Duke Energy Carolinas Seeks Purchased Power Opportunities May 15, 2007

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CHARLOTTE, N.C. -

Duke Energy Carolinas has issued a “Request for Proposals” (RFP) to purchase power or generation assets to meet customers’ growing demand for energy.

Duke Energy Carolinas is seeking up to 800 megawatts of peaking and/or intermediate generation in the 2010 timeframe, and up to 2,000 megawatts of peaking and/or intermediate generation in the 2013 timeframe.

“Buying power is one of the many strategies Duke Energy Carolinas explores to ensure customers have the energy they rely on,” said Ellen Ruff, president, Duke Energy Carolinas. “The company’s comprehensive generation plan also includes building new power plants, greater use of renewable energy and developing robust energy efficiency programs to reduce demand.”

The company routinely surveys the competitive wholesale power market in search of the most economical and reliable options for customers. Through the RFP process, Duke Energy Carolinas is assessing how much peaking and intermediate generation is available and at what cost. Peaking power is typically needed when energy demand is greatest, often on hot summer days or cold winter mornings. Intermediate generation supplies power to customers on a more routine basis.

A full copy of the “Request for Proposal for Peaking/Intermediate Power Supply,” can be found at http://www.dukeenergycarolinarfp.com. Bids are due by July 20, 2007 and will be evaluated and negotiated over the next several months.

RFP for Renewable Energy
Duke Energy Carolinas also is accepting bids in an RFP for power generated from renewable energy sources, including solar, wind, water, organic matter and others. The RFP is specifically designed for renewable providers and recognizes some of the unique operating characteristics of the resources. The minimum capacity requirement for a supplier is only two megawatts, and the generation can be intermittent in nature. A full copy of the “Request for Proposal for Renewable Energy Resources” can be found at http://www.duke-energy.com/pdfs/DEC-Renewable-RFP.pdf.

Duke Energy Corp., one of the largest electric power companies in the United States, supplies and delivers energy to approximately 3.9 million U.S. customers. The company has nearly 37,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. In addition, Duke Energy has more than 4,000 megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company.

Duke Energy's Carolinas operations include nuclear, coal-fired, natural gas and hydroelectric generation. That diverse fuel mix provides nearly 21,000 megawatts of safe, reliable and competitively priced electricity to more than 2.2 million electric customers in a 22,000-square-mile service area of North and South Carolina.

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: Paige Sheehan
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