Financial Highlights Duke Energy Corporation   Years Ended December 31, In millions, except where noted   1998    1997a    1996a  Operating Revenues $ 17,610 $ 16,309 $ 12,302 Earnings Before Interest and Taxes (EBIT)   2,647   2,108   2,294 Income Before Extraordinary Item   1,260   974   1,091 Net Income   1,252   974   1,074 Earnings Available for Common Stockholders   1,231   902   1,030 Common Stock Data               Weighted Average Shares Outstanding   361   360   361   Basic Earnings per Share                   (before extraordinary item) $ 3.43 $ 2.51 $ 2.90   Basic Earnings per Share   3.41   2.51   2.85   Dividends per Share   2.20   1.90   1.57 Capitalization               Common Equity   49%   50%   51%   Preferred Stock   2%   3%   5%   Trust Preferred Securities   6%   2%   --    Total Debt   43%   45%   44% SEC Fixed Charges Coverage   4.7   4.1   4.3 Total Assets $ 26,806 $ 24,029 $ 22,366 Total Debt   7,168   6,777   6,295 Cash Flows from Operations   2,331   2,140   2,335 Capital and Investment Expenditures   2,500   2,028   1,550 Operating Datab               Electric Operations Volumes, Sales -- GWh   82,011   77,935   77,547   Natural Gas Transmission Volumes,                   Throughput -- TBtu   2,593   2,862   2,939   Natural Gas Marketed, TBtu/dc   8.4   7.3   6.0   Electricity Marketed, GWhd   98,991   64,650   4,229   Natural Gas Gathered and Processed/                   Transported, TBtu/d   3.6   3.4   2.9   Natural Gas Liquids Production, MBbl/d   110.2   108.2   78.5 a Financial information reflects accounting for the 1997 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, 1996. b Units of measure used are gigawatt-hours (GWh), trillion British thermal units (TBtu), trillion British thermal units per day (TBtu/d) and thousand barrels per day (MBbl/d), as applicable. c Includes Trading and Marketing and Field Services volumes. d Excludes Electric Operations volumes.