Duke Energy


> Selected Financial Data
> Consolidated Statements of Income and Comprehensive Income
> Consolidated Balance Sheets
> Consolidated Statements of Cash Flows
> Consolidated Statements of Common Stockholders' Equity
> 1- Summary of Significant Accounting Policies
> 2- Business Combinations, Acquisitions and Dispositions
> 3- Business Segments
> 4- Regulatory Matters
> 5- Joint Ownership of Generating Facilities
> 6- Income Taxes
> 7- Risk Management and Financial Instruments
> 8- Investments in Affiliates
> 9 - Property, Plant and Equipment
> 10 - Debt and Credit Facilties
> 11- Nuclear Decommissioning Costs
> 12 - Guaranteed Preferred Beneficial Interests in Subordinated Notes of Duke Energy or Subsidiaries
> 13 - Preferred and Preference Stock
> 14 - Commitments and Contingencies
> 15 - Common Stock
> 16 - Stock Based Compensation
> 17 - Employee Benefit Plans
> 18 - Quarterly Financial Data
> 19 - Subsequent Events
> Auditors' Report


15- COMMON STOCK

At Duke Energy's annual meeting of shareholders held on April 15, 1999, shareholders approved an amendment to the Articles of Incorporation to increase the authorized common stock from 500 million to 1 billion shares.

In 1996, the Board of Directors authorized Duke Energy to repurchase up to $1 billion of its common stock during the period beginning February 1996 and ending February 2001. No repurchases of common stock were made in 1999, 1998 or 1997, and none are anticipated in the future.