Duke/Fluor Daniel to Build Four Power Plants for DENA

Apr 12, 2001, 01:00 ET from Duke Energy Corporation

    CHARLOTTE, N.C., April 12 /PRNewswire/ -- Duke/Fluor Daniel (D/FD) has
 been awarded contracts by Duke Energy North America (DENA) to perform
 engineering, procurement and construction (EPC) services for four natural gas-
 fueled, combined-cycle power generation facilities with a combined capacity of
 3,050 megawatts.  A total of 10 GE-7FA combustion turbines will be used in the
 four projects, which are targeted for commercial operation in summer 2002.
     The four projects are:  the 1,240-megawatt Murray Generating Facility in
 Murray County, Ga.; the 620-megawatt Hot Spring Generating Facility in Hot
 Spring County, Ark.; the 620-megawatt Washington Generating Facility in
 Washington County, Ohio; and the 570-megawatt Arlington Valley Energy Facility
 in Arlington Valley, Ariz.
     "Including these contracts, we're bringing more than 6,000 megawatts of
 generation on line for DENA in 2002," said Clarence Ray, president and chief
 executive officer of Duke/Fluor Daniel.  "A real highlight of this 'Class of
 2002' is the close collaboration and alignment our two companies developed at
 the front end of these contracts.  This effectively enables us to better
 manage risk and uncertainties, both for us and our client."
     "Wholesale merchant power plants are key to our energy merchant business.
 D/FD's execution of our engineering and construction contracts assures us
 we'll have the generating assets on line in time for the summer demand and
 keep our aggressive growth strategy on track," said Jim Donnell, president and
 chief executive officer of DENA.
     In 2000, Duke/Fluor Daniel booked sales with revenues of more than $3.2
 billion for more than 7,725 megawatts of generation.  It commissioned 20
 combustion turbine units for service during the peak summer generating season,
 12 of which were for DENA.
     With 2000 revenues of $10 billion, Fluor Corporation (NYSE:   FLR)provides
 services on a global basis in the fields of engineering, procurement,
 construction, operations, maintenance, project management and business
 services.
     Duke/Fluor Daniel provides comprehensive engineering, procurement,
 construction and operating plant services for fossil-fueled electric power
 generating facilities worldwide.  The joint venture of Duke Energy and Fluor
 Corporation is one of the largest power contractors in the world and has the
 largest U.S. market share for the engineering and construction of natural gas-
 fired power projects.  D/FD operating plant services supports utility,
 merchant and cogeneration plants, including operations and maintenance
 contracts, capital projects, environmental retrofits and other major plant
 improvements.  For more information visit www.dukefluordaniel.com.
     DENA is Duke Energy's Houston-based merchant energy company.  Currently
 DENA's merchant portfolio includes 6,200 megawatts of generation located in
 the western, midwestern and eastern regions of the United States.  By summer
 2001, DENA will deliver six new merchant facilities totaling 3,400 megawatts.
 DENA also has more than 13,500 megawatts in advanced development and will
 construct between 10 and 12 new merchant facilities every year through 2003,
 expanding its merchant portfolio to more than 23,000 megawatts.
     Duke Energy (NYSE:   DUK), a diversified, multinational energy company,
 creates value for customers and shareholders through an integrated network of
 energy assets and expertise.  Duke Energy manages a dynamic portfolio of
 natural gas and electric supply, delivery and trading businesses -- generating
 revenues of more than $49 billion in 2000.  Duke Energy, headquartered in
 Charlotte, N.C., is a Fortune 100 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.
 
 

SOURCE Duke Energy Corporation
    CHARLOTTE, N.C., April 12 /PRNewswire/ -- Duke/Fluor Daniel (D/FD) has
 been awarded contracts by Duke Energy North America (DENA) to perform
 engineering, procurement and construction (EPC) services for four natural gas-
 fueled, combined-cycle power generation facilities with a combined capacity of
 3,050 megawatts.  A total of 10 GE-7FA combustion turbines will be used in the
 four projects, which are targeted for commercial operation in summer 2002.
     The four projects are:  the 1,240-megawatt Murray Generating Facility in
 Murray County, Ga.; the 620-megawatt Hot Spring Generating Facility in Hot
 Spring County, Ark.; the 620-megawatt Washington Generating Facility in
 Washington County, Ohio; and the 570-megawatt Arlington Valley Energy Facility
 in Arlington Valley, Ariz.
     "Including these contracts, we're bringing more than 6,000 megawatts of
 generation on line for DENA in 2002," said Clarence Ray, president and chief
 executive officer of Duke/Fluor Daniel.  "A real highlight of this 'Class of
 2002' is the close collaboration and alignment our two companies developed at
 the front end of these contracts.  This effectively enables us to better
 manage risk and uncertainties, both for us and our client."
     "Wholesale merchant power plants are key to our energy merchant business.
 D/FD's execution of our engineering and construction contracts assures us
 we'll have the generating assets on line in time for the summer demand and
 keep our aggressive growth strategy on track," said Jim Donnell, president and
 chief executive officer of DENA.
     In 2000, Duke/Fluor Daniel booked sales with revenues of more than $3.2
 billion for more than 7,725 megawatts of generation.  It commissioned 20
 combustion turbine units for service during the peak summer generating season,
 12 of which were for DENA.
     With 2000 revenues of $10 billion, Fluor Corporation (NYSE:   FLR)provides
 services on a global basis in the fields of engineering, procurement,
 construction, operations, maintenance, project management and business
 services.
     Duke/Fluor Daniel provides comprehensive engineering, procurement,
 construction and operating plant services for fossil-fueled electric power
 generating facilities worldwide.  The joint venture of Duke Energy and Fluor
 Corporation is one of the largest power contractors in the world and has the
 largest U.S. market share for the engineering and construction of natural gas-
 fired power projects.  D/FD operating plant services supports utility,
 merchant and cogeneration plants, including operations and maintenance
 contracts, capital projects, environmental retrofits and other major plant
 improvements.  For more information visit www.dukefluordaniel.com.
     DENA is Duke Energy's Houston-based merchant energy company.  Currently
 DENA's merchant portfolio includes 6,200 megawatts of generation located in
 the western, midwestern and eastern regions of the United States.  By summer
 2001, DENA will deliver six new merchant facilities totaling 3,400 megawatts.
 DENA also has more than 13,500 megawatts in advanced development and will
 construct between 10 and 12 new merchant facilities every year through 2003,
 expanding its merchant portfolio to more than 23,000 megawatts.
     Duke Energy (NYSE:   DUK), a diversified, multinational energy company,
 creates value for customers and shareholders through an integrated network of
 energy assets and expertise.  Duke Energy manages a dynamic portfolio of
 natural gas and electric supply, delivery and trading businesses -- generating
 revenues of more than $49 billion in 2000.  Duke Energy, headquartered in
 Charlotte, N.C., is a Fortune 100 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.
 
 SOURCE  Duke Energy Corporation