Duke Energy Completes Purchase of Rockingham Power Plant from Dynegy

Nov. 10, 2006 - CHARLOTTE, N.C. - Duke Energy today announced it has completed the purchase of an approximately 825-megawatt power plant located in Rockingham County, N.C., from Dynegy for approximately $195 million.

The acquisition, announced in May, consists of five 165-megawatt Westinghouse combustion turbine units capable of using either natural gas or oil to operate. The Rockingham plant is located north of Greensboro within Duke Energy’s North Carolina service area. It is a peaking power plant – used during times of high electricity demand, generally in the winter and summer months.
Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in the Americas, including 28,000 megawatts of regulated generating capacity in the United States. Duke Energy’s Carolinas operations include a diverse mix of nuclear, coal-fired, natural gas and hydroelectric generation that provides 19,900 megawatts of safe, reliable and competitively priced electricity to more than 2.2 million electric customers in a 22,000 square mile service area of North Carolina and South Carolina. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.

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