Duke Energy sells interest in Oklahoma merchant power facility

DENA’s McClain Electric Generating Station is a combined-cycle, natural gas-fired merchant generation facility near Newcastle, Okla. Construction of the facility began in March, with commercial operation anticipated in summer 2001. DENA’s generation portfolio currently includes approximately 6,200 megawatts in operation, seven facilities under construction totaling 4,300 megawatts and 12,500 megawatts in advanced development scheduled for commercial operation by summer 2003.

Dec. 15, 2000—Fitch views recent federal and state comments related to California�s investor-owned electric utilities as potentially supportive for credit quality.

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