Allying

Duke Tackles Retail through Alliance with United

Duke Energy Trading and Marketing, L.L.C. (DETM) continued itsstrategy of allying with local direct marketing and energycompanies as a way of tackling the retail market by entering intoan energy management and marketing agreement with United GasManagement of Pittsburgh. DETM plans to support United inaggregating residential natural gas customers in selected areas ofthe country.

July 13, 1998