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Notes to Consolidated Financial Statements for the
Years Ended December 31, 2001, 2000 and 1999

9. PROPERTY, PLANT AND EQUIPMENT

1.

Summary of Significant Accounting Policies
2.

Business Acquisitions and Dispositions
3.

Business Segments
4.

Regulatory Matters
5. Joint Ownership of Generating Facilities
6. Income Taxes
7. Derivative Instruments, Hedging Activities and Credit Risk
8. Investment in Affiliates and Related Party Transactions

9.

Property, Plant and Equipment
10. Debt and Credit Facilities
11. Nuclear Decommissioning Costs
12. Guaranteed Preferred Beneficial Interests in Subordinated Notes of Duke Energy or Subsidiaries
13. Minority Interest Financing
14. Preferred and Preference Stock
15. Commitments and Contingencies
16. Common Stock and Equity Offerings
17. Stock-Based Compensation
18. Employee Benefit Plans
19. Quarterly Financial Data (Unaudited)
20. Subsequent Event
NET PROPERTY, PLANT AND EQUIPMENT   December 31
In millions 2001 2000
Land   $ 49     $ 36
Plant          
    Electric generation, distribution
        and transmission		     19,792     18,669
    Natural gas transmission     6,200     5,449
    Gathering and processing facilities     4,106     4,470

    Other buildings and improvements

     1,346     1,339
    Leasehold improvements     4     14
Nuclear fuel     788     761
Equipment     251     108
Vehicles     69     36
Construction in process     5,068     2,192
Other     1,791     1,524
Total property, plant and equipment     39,464     34,598

Total accumulated depreciationa

     (11,049 )   (10,146 )
Total net property, plant and equipment   $ 28,415     $ 24,452
a Includes accumulated amortization of nuclear fuel: 2001 - $546 million;
  2000 - $503 million



Capitalized interest of $167 million for 2001, $67 million for 2000 and $52 million for 1999 is included in the Consolidated Statements of Income.