Duke Energy provides information on California sales

About 90 percent of Duke Energy’s available generation in California has been sold forward, up from earlier estimates of 70 to 80 percent. These forward sales are to a diversified portfolio of non-utility buyers, who have strong balance sheets and good credit ratings. In addition, Duke Energy has credit limits and collateral agreements in place.

NEW YORK, NY, Jan. 4, 2001 — Moody’s Investors Service has assigned the credit rating of Baa2 to the $95.6 million of Series 2001 A & B variable rate power supply revenue bonds (auction rate) of the Massachusetts Municipal Wholesale Electric Company.

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