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2001 News Releases 

Date: February 7, 2001

Gulfstream names Schultz and Buckley Senior Vice Presidents & General Managers

HOUSTON – Gulfstream Natural Gas System, L.L.C., a joint pipeline development between Duke Energy (NYSE:DUK) and Williams (NYSE: WMB), announced today that Nancy W. Schultz and Guy G. Buckley have been named to the leadership team that will oversee the development of this major project.

Schultz will serve as senior vice president and general manager, Technical Functions, providing leadership for the technical and engineering aspects of the Gulfstream project. Buckley will serve as senior vice president and general manager, Business Functions, overseeing the various business aspects of the project including marketing, business development and finance.

Schultz most recently served as director of engineering for Williams’ gas pipeline unit. She has more than 19 years of experience in the energy industry and has held a variety of management positions, including manager of Civil Design and manager of Field Projects. Schultz earned her bachelor of science degree in civil engineering from Pennsylvania State University.

Buckley most recently served as vice president, electric market and project development for Duke Energy Gas Transmission. He has more than 17 years of experience in the energy industry and has held various management positions in engineering, operations, system planning and marketing. Buckley earned his bachelor of science degree in mechanical engineering from McGill University and a master of business administration degree from Boston University.