INTRODUCTION

It is a new world in the energy industry. Regulatory and political barriers fall away. Market information moves at the speed of light, interconnecting producers, marketers and consumers. Assets. Markets. Knowledge. Duke Energy is a global energy leader, powered by creativity and exceptional thinking. Strategy. Savvy. Skill. Service. Brainpower. In Duke Energy, brainpower transforms thought, will and ambition into action. Our innovations in energy commodity trading and marketing will shape and define markets for decades to come. In 1999 Duke Energy became the North American mega-player in natural gas field services. We led all others in building the first integrated energy business in Australia. We achieved a strategic position across the continent of South America. With our partners we are building 40 percent of all gas-fired power generation under construction in North America. The power that drives it all is brainpower.

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