NEW YORK (Standard&Poor's CreditWire) May 19, 1999--Standard&Poor's today assigned its single-'A' rating to the proposed $100 million taxable series 1999 lease revenue bonds due 2028 to be issued by the Industrial Development Corp. of the City of Edinburg, Texas (IDC Edinburg) for the Duke Energy Hidalgo L.P. project. The bonds will be privately placed under Rule 144A and guaranteed by Duke Capital Corp. (A+/Stable/A-1). Proceeds will be used to purchase equipment associated with a 520MW combined cycle, gas-fired electric generation facility being constructed and subsequently leased by Duke Energy Hidalgo L.P., a subsidiary of Duke Capital Corp. The rating reflects Duke Capital Corp.'s unconditional guarantee of the lease payments to be made by affiliate Duke Energy
