Duke Energy CORP 8-K, filed Mar 16, 2020
Duke Energy CORP (DUK)
About this 8-K
Duke Energy CORP filed this 8-K on March 16, 2020.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
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| , each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. Other Events.
On March 16, 2020, in consideration of public health and safety as a result of the COVID-19 pandemic, Duke Energy Carolinas, LLC (“DEC”) filed a motion with the North Carolina Utilities Commission (the “NCUC”), in connection with its previously filed general rate case, seeking (1) a suspension of the procedural schedule in the rate case, including issuing discovery requests; and (2) postponement of the evidentiary hearing scheduled to begin on March 23, 2020, for 60 days, subject to the NCUC’s calendar and an evaluation of the health and safety risks of a hearing commencing on that date. DEC will confer with the NCUC and other parties to the rate case prior to that date to discuss the logistics of the hearing as well as any other exigent circumstances caused by the current COVID-19 pandemic. In the event that public health conditions significantly improve, DEC reserves the right to request an earlier hearing date, taking into account the NCUC’s schedule.
Due to DEC’s decision to seek postponement of the evidentiary hearing, DEC will also evaluate whether to seek at some point in the future appropriate authorization from the NCUC to place temporary rates into effect, subject to refund at such time as the NCUC issues an order to approve rates, or any other appropriate accounting treatment available to DEC to mitigate potential impacts from the hearing’s postponement.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DUKE ENERGY CORPORATION | |||
| Date: March 16, 2020 | By: | /s/ David S. Maltz | |
| Name: | David S. Maltz | ||
| Title: | Assistant Corporate Secretary | ||
| DUKE ENERGY CAROLINAS, LLC | |||
| Date: March 16, 2020 | By: | /s/ David S. Maltz | |
| Name: | David S. Maltz | ||
| Title: | Assistant Secretary | ||
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