Duke Energy’s asset base complements our skills and expertise, and it cannot be recreated today at any price.
	Duke Power’s 18,000-megawatt generation system comprises an effective mix of base load and peaking power plants, including nuclear, coal-fired, gas-fired and hydroelectric plants. Duke Power’s 12,500-mile electric transmission system, consistently ranked by our customers among the most reliable in the U.S., combines with our generating system to serve the Carolinas and power marketing resources over a wider area.
	Our four interstate natural gas transmission companies own more than 22,000 miles of pipeline, from the Great Plains to the Great Lakes, and from the Mexican border to New England. Through this system moves 12 percent of the gas consumed in the U.S. Our pipelines provide an unequaled platform for:   Expansion — On the supply end, Trunkline Gas Company is increasing capacity on its Terrebonne System by more than 50 percent to serve new production in the Gulf of Mexico. On the delivery end, Duke’s participation in the Cross Bay Pipeline joint venture will connect Texas Eastern’s pipeline with Long Island, expanding our ability to serve rapidly growing New York metropolitan markets.   Transporting gas between markets — Our Spectrum project will transport gas from the Chicago area to growing Northeast markets, providing seamless service across Duke Energy pipelines.
	Connecting new supplies — Maritimes & Northeast Pipeline will connect the Sable Island offshore supply basin with new and expanding markets in Canada and the Northeast. As part of the proposed Alliance Pipeline project, Duke will also transport natural gas from Western Canada to the Chicago area for distribution throughout North America.   Duke Energy Field Services is one of the five largest systems in the U.S. for gathering and processing natural gas and natural gas liquids. We operate 16,800 miles of pipelines in nine states, own and operate 27 gas processing plants, and have ownership interest in 12 additional plants.   Duke Energy International’s global asset portfolio includes 2,800 gross MW of generation capacity, worth approximately $1 billion.
	The Goethal’s Bridge Station (above) regulates and measures gas for delivery from Texas Eastern Transmission Corporation’s (Texas Eastern) pipeline to the New York Facilities Group. Such assets as these — in a densely populated, high growth market — will provide opportunities for additional growth.
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