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Proxy Statement



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BENEFICIAL OWNERSHIP

This table indicates how much Duke Energy Common Stock was beneficially owned by the directors, the executive officers listed under "Summary Compensation Table" in "Compensation" below ("Named Executive Officers") and by all directors and executive officers as a group as of December 31, 1999.

  • The shares listed as "Beneficially Owned" include shares held in our employee benefit plans and in trust for the directors under their compensation plan.
  • The shares listed as "May Be Acquired" are all shares of Duke Energy Common Stock that can be acquired upon the exercise of stock options granted under the Duke Energy 1998 Long-Term Incentive Plan.
  • Beneficial ownership of directors and executive officers as a group, not including shares held by the trusts referred to in footnote 2 to the table, represents beneficial ownership of less than 1% of the outstanding shares of Duke Energy Common Stock.


  1. Also own Common Stock equivalents under the Duke Energy Executive Savings Plan in the following amounts: R.B. Priory, 25,226; W A. Coley, 43,998; R.J. Osborne, 733.
  2. Includes 7,604,721 shares owned by The Duke Endowment and 1,302,132 shares owned by the Doris Duke Trust. Mr. Robinson, who is a trustee of each of these trusts, with shared voting and investment power, disclaims beneficial ownership of these shares.
  3. Includes shares that may be acquired within 60 days after December 31, 1999.
This table shows how many units of limited-partnership interests in TEPPCO Partners, L.P. were beneficially owned on December 31, 1999, by directors of Duke Energy, Named Executive Officers, and by directors and executive officers of Duke Energy as a group. TEPPCO Partners, L.P. is a publicly traded master limited partnership, and Texas Eastern Products Pipeline Company, an indirect wholly owned subsidiary of Duke Energy, is its general partner. As of December 31, 1999, the number of units beneficially owned by directors and executive officers of Duke Energy as a group was less than 1% of the outstanding units. None of these persons had the right to acquire units within 60 days after December 31, 1999.