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CAROLINA ELECTRIC COOPERATIVES ISSUES STATEMENT CLARIFYING RULING BY NORTH CAROLINA COURT OF APPEALS

 RALEIGH, N.C., Feb. 4 /PRNewswire/ -- The state Court of Appeals ruled yesterday that Duke Power (NYSE: DUK) is not entitled to obtain a financial forecast done by Carolina Electric Cooperatives, the electric utility network that serves 1.6 million people in 95 of North Carolina's 100 counties, Carolina Electric Cooperatives said Thursday.
 The 28 member electric cooperatives of Carolina Electric Cooperatives are owned by their customers, and are not municipally owned and controlled, as reported in various news accounts of the ruling.
 The financial forecast in question was part of a federal grant application filed by North Carolina Electric Membership Corporation (NCEMC), the power supply arm of Carolina Electric Cooperatives. Duke Power sought the documents under the Freedom of Information Act. Duke's request was denied by the appellate court because the information was of a competitive nature and should remain confidential.
 In addition to NCEMC, which provides power generation and transmission to the state's electric cooperatives, two other corporations do business as Carolina Electric Cooperatives: the N.C. Association of Electric Cooperatives (NCAEC), which provides trade association services; and the Tarheel Electric Membership Association (TEMA), which serves as a central purchasing agency.
 Carolina Electric Cooperatives, the only electric utility network that spans the entire state of North Carolina, employs more than 2,500 people and pays more than $45 million in state and local taxes each year.
 -0- 2/4/93
 /CONTACT: Jay Johnson or Jane Pritchard, Carolina Electric Cooperatives, 919-872-0800/
 (DUK)


CO: Carolina Electric Cooperatives; Duke Power Company ST: North Carolina IN: UTI SU:

SB -- CH006 -- 3167 02/04/93 16:23 EST
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Date:Feb 4, 1993
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