Supply and Trade Multiple
Forms of Energy.
Duke Energy acquired stake in Alliance Pipeline, contracted for capacity. Duke Energy subsidiaries acquired a 9.8 percent ownership position in the Alliance Pipeline Partnership, which is developing a system to transport natural gas from western Canada to the Chicago area market center for distribution throughout North America. Another Duke Energy subsidiary took advantage
of this direct access to contract for 67.25 MMcf/d of capacity.
 Duke Energy's Electric Transmission achieved record number of transactions in active markets. Favorable weather, a strong economy and rapid growth in "wheeling" power to serve wholesale markets added up to a record volume in wholesale transactions for 1998. The System Operating Center processed 59 percent more tariff transactions in 1998 compared to 1997. A record transmission system peak demand of 19,322 MW was set on June 26, 1998, and the volume of energy transported under Duke Energy's tariff increased by 65 percent for the year.
Trading and Marketing, BC Gas Utility received go-ahead for 15-year contract. The British Columbia Utility Commission approved a 15-year contract between Trading and Marketing and BC Gas Utility, in which Duke Energy will provide up to 50 MMcf/d of natural gas beginning November 1999. The contract will diversify BC Gas' supply portfolio and helps meet increasing demand in Vancouver.
Largest Canadian natural gas wholesaler signed agreement with Duke Energy. Alliance Gas Management signed an energy management agreement with Trading and Marketing, in which Duke Energy will manage supply, storage and transportation for the company. Alliance Gas Management serves more than 490,000 Canadian residential and small commercial users.
Duke Energy Trading and Marketing agreed to purchase NP Energy. The purchase will include risk management and project development efforts, including marketing agreements with power cooperatives and power projects in Ohio and Arizona.
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