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Proxy Statement



> Summary Compensation Table
> Long-Term Incentive Plan - Awards in 1999
> Option Grants in 1999
> Option Exercises and Year-End Values
> Employment Contracts and Termination of Employment and Change-in-Control Arrangements
> Retirement Plan Information


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Option Exercises and Year-End Values

This table shows aggregate exercises of options during 1999 by the Named Executive Officers, and the aggregate year-end value of the unexercised options held by them. The value assigned to each unexercised "in-the-money" stock option is based on the positive spread between the exercise price of the stock option and the fair market value of Duke Energy Common Stock on December 31, 1999, which was $50.16. The fair market value is the average of the high and low prices of a share of Duke Energy Common Stock on that date as reported on the New York Stock Exchange Composite Transactions Tape. The ultimate value of a stock option will depend on the market value of the underlying shares on a future date.

Aggregated Option/SAR Exercises in Last Fiscal Year and Fiscal Year-End Option/SAR Values
option exercises

* Duke Energy has not granted any SARs to the Named Executive Officers or any other persons.