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Duke Energy's Lee Nuclear License Application Accepted by U.S. Nuclear Regulatory Commission February 27, 2008

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CHARLOTTE, N.C. -

Duke Energy has received confirmation from the U.S. Nuclear Regulatory Commission (NRC) that its combined construction and operating license (COL) application for the proposed William States Lee III Nuclear Station has been approved and docketed for the next stage of review.

“Our nuclear development project team spent more than 21 months working on this application to ensure quality information was provided for both the safety and environmental aspects of the project,” said Bryan Dolan, Duke Energy vice president of nuclear plant development. “The NRC’s acceptance of our license application confirms that, based on an initial review, it is technically sufficient for the NRC’s more comprehensive review,” Dolan added.

Duke Energy submitted the 8,000-page COL application for the Cherokee County, S.C., site in December 2007. It uses generic portions of TVA’s Bellefonte COL application, the Westinghouse AP1000 reference application, developed by TVA and NuStart Energy Development of which Duke Energy is a member.

The Lee Nuclear COL application will now enter the detailed NRC review process, which  includes requests for additional information, visits to the proposed plant site and opportunities for public input as the NRC prepares an environmental impact statement and safety evaluation report. The NRC will publish its review schedule within 30 days.

In addition to its work on the proposed Lee Nuclear Station, Duke Energy is moving forward in North Carolina with construction of an advanced 800-megawatt coal unit at Cliffside Steam Station and licensing and permitting new gas-fired combined-cycle peaking units at its Buck and Dan River steam stations. Duke is also constructing an integrated combined cycle (IGCC) plant that transforms coal into a synthetic gas to produce electricity in Indiana. The utility continues to pursue additional energy efficiency and conservation measures and is evaluating renewable generation options to meet customers’ future electricity needs.

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 approximately 36,000 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.


Contact: Rita Sipe
Phone: 704-382-8609
24-Hour Phone: 800-559-3853 (DUKE)
e-mail:

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