Duke Energy Corporation

In Millions (except per share amounts) 1997a  1996a  1995a  1994a  1993a

Income Operating Revenues $ 16,308.9 $ 12,302.4 $ 9,694.7 $ 9,115.0 $ 8,784.3 Operating Expenses 14,338.9 10,143.8 7,626.4 7,309.0 7,068.6   Operating Income 1,970.0 2,158.6 2,068.3 1,806.0 1,715.7 Other Income and Expenses 138.1 135.6 122.2 101.0 137.5   Earnings Before Interest and Taxes 2,108.1 2,294.2 2,190.5 1,907.0 1,853.2 Interest Expense 471.8 499.2 508.2 484.5 526.3 Minority Interests 23.0 6.2 --  --  --    Earnings Before Income Taxes 1,613.3 1,788.8 1,682.3 1,422.5 1,326.9 Income Taxes 638.9 697.8 664.2 558.4 528.9   Income Before Extraordinary Item 974.4 1,091.0 1,018.1 864.1 798.0 Extraordinary Item --  16.7 --  --  --    Net Income 974.4 1,074.3 1,018.1 864.1 798.0 Dividends and Premiums on Redemptions    of Preferred and Preference Stock 72.8 44.2 48.9 49.7 52.4   Earnings for Common Stockholders $ 901.6 $ 1,030.1 $ 969.2 $ 814.4 $ 745.6

Common Stock Data Shares of common stock    Year-end 359.8 359.4 361.8 360.6 359.1    Average 359.8 361.2 361.2 360.2 353.6 Basic earnings per share     (before extraordinary item) $ 2.51 $ 2.90 $ 2.68 $ 2.26 $ 2.11 Basic earnings per share $ 2.51 $ 2.85 $ 2.68 $ 2.26 $ 2.11 Dividends per share $ 1.90 $ 1.57 $ 1.50 $ 1.44 $ 1.39

Balance Sheet Total Assets $ 24,028.8 $ 22,366.2 $ 20,867.9 $ 20,254.2 $ 19,717.4 Long-term Debt $ 6,530.0 $ 5,485.1 $ 5,803.0 $ 5,930.8 $ 5,370.9 Preferred Stock with Sinking   Fund Requirements $ 149.0 $ 234.0 $ 234.0 $ 279.5 $ 281.0

1997 Dividends Per Sharea Stock Price Range 1996 Dividends Per Sharea Stock Price Range High Low High Low First $ .40 $ 48 $ 43 3/8 First $ .38 $ 53 $ 46 7/8 Second .40 48 42 1/8 Second .39 51 1/2 45 3/4 Third .55 51 1/8 47 11/16 Third .40 51 3/8 45 3/4 Fourth .55 56 3/16 45 3/4 Fourth .40 49 1/8 43 3/8

a Financial information reflects accounting for the merger with PanEnergy Corp as a pooling of interests. As a result, the financial information gives effect to the merger as if it had occurred January 1, 1993.