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Rod Visser - Page 3 <br />These are very preliminary and non binding estimates. We are attempting <br />to tighten up this preliminary, non binding estimate range, but without a <br />detailed estimate, we may only be able to provide such a range from which <br />to make your decision. Let me know if you want a detailed estimate <br />(engineering design charges will apply). <br />I hope this summary is helpful in clarifying Duke's position and the <br />associated costs for the current options under consideration for this <br />project. Again, as a reminder, we are looking at a 10-12 week lead time <br />on project completion from the time we receive the necessary easements and <br />payments which apply to the option chosen. <br />Please let me know if you have any questions <br />Scott <br />ScottT Gardner <br />Triangle Area Manager, Business and Government Relations <br />Duke Power Company, 4412 Hillsborough Rd Durham, NC 27705 <br />soardnerCo?duke-energv.com <br />Phone: (919) 687-3000; Fax: (919) 687-3219 <br />