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Our traditional, regulated businesses are changing, and we are increasingly active
in more competitive businesses — with greater opportunities for growth, but greater volatility
also. This evolution of our business mix parallels an evolution of our investors’ expectations.
A keystone of our strategy and the engine of our continued growth and evolution, will
be our financial strength. Financial strength is critical because:
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Duke Energy Power Services will
seek opportunities in the U.S. and Canada to develop, own and operate electric generation
projects. |
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Duke Energy International will
continue to focus on such markets as Asia and Latin America to develop, own and operate
energy projects. |
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Duke Energy Field Services has
invested more than $1 billion during this decade in expanding its system and will continue to
develop this asset in offering integrated energy services. |
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Duke Energy Industrial Asset
Development was launched in 1997 to develop, own, manage and operate on-site electric
generation and energy conversion facilities for industrial customers in the U.S. and Canada.
We will also invest in assets and projects to enhance products and services for our existing
customers.
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The power generation facilities
serving PT Freeport Indonesia in Irian Jaya comprise a unique large-scale, industrial
"inside-the-fence" operation serving gold and copper mining and milling operations.
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