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Customers Use Record Amounts of Energy August 9, 2007

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CHARLOTTE, N.C. -

Duke Energy customers in the Carolinas used more power yesterday than ever before. The utility set an all-time record, generating 18,988 megawatts of electricity for the hour ending at 4 p.m., Wednesday Aug. 8, 2007.

The previous Duke Energy record of 18,687 megawatts was set on July 27, 2005.

“The unprecedented demand on our system demonstrates the importance of strong operations today and a comprehensive plan for the future,” said Ellen Ruff, president of Duke Energy Carolinas.

“More than ever, it’s apparent we must aggressively pursue energy efficiency and conservation, more renewable energy sources and new baseload generation to meet the growing need for power for our customers as well as the 40,000 to 60,000 new customers we’re adding each year.”

Duke Energy Carolinas is proposing an innovative new approach to energy efficiency and conservation. The plan, pending before the North Carolina Utilities Commission, would help customers save money and reward the utility for saving power. The energy efficiency plan is the first of its kind in the utility industry, and also links energy efficiency savings to retiring older coal plants.

In April, Duke Energy Carolinas issued North Carolina’s first request for proposals, or RFP, designed for renewable energy providers. Today, more than 90 bids are being evaluated from 26 companies offering up to 2,000 megawatts of energy from solar, biodiesel, biomass, biogas, landfill gas, wind and hydro power. The company expects to make a decision on renewable resources by year-end. 

Duke Energy Carolinas is pursuing other new generation with a number of projects at various stages. Plans call for modernization at the Cliffside Steam Station, natural gas fired generation at two other existing facilities, and a nuclear plant in Cherokee County, S.C.

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 2.3 million electric customers in a 24,000-square-mile service area of North Carolina and South Carolina.

Duke Energy, one of the largest electric power companies in the United States, supplies and delivers energy to approximately 4 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.

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.


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