Duke Energy Files 8-K on Corporate Structure

TL;DR

Duke Energy filed an 8-K detailing corporate structure and historical changes for its subsidiary, Duke Energy Carolinas.

AI Summary

Duke Energy Corp. filed an 8-K on July 8, 2024, to report a Regulation FD Disclosure and Financial Statements and Exhibits. The filing primarily concerns Duke Energy Carolinas, LLC, a subsidiary, and its historical name changes and corporate structure.

Why It Matters

This filing provides an update on Duke Energy's corporate structure and historical information, which is important for understanding the company's legal and operational framework.

Risk Assessment

Risk Level: low — The filing is administrative and does not contain new financial performance information or significant strategic changes.

Key Players & Entities

• Duke Energy CORP (company) — Filer
• Duke Energy Carolinas, LLC (company) — Subsidiary with historical name changes
• 0001104659-24-078218 (accession_number) — Filing identifier
• 20240708 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — registered Duke Energy Common Stock, $0.001 par value DUK New York Stock Exchange
• $7.4 billion — on a South Carolina retail rate base of $7.4 billion and a return on equity of 9.94% and a c
• $30 — -tax accounting charge of approximately $30 to 40 million, to be recognized in the

Filing Documents

• tm2419006d1_8k.htm (8-K) — 48KB
• tm2419006d1_ex99-1.htm (EX-99.1) — 19KB
• tm2419006d1_8kimg001.jpg (GRAPHIC) — 5KB
• 0001104659-24-078218.txt ( ) — 341KB
• duk-20240703.xsd (EX-101.SCH) — 5KB
• duk-20240703_def.xml (EX-101.DEF) — 28KB
• duk-20240703_lab.xml (EX-101.LAB) — 41KB
• duk-20240703_pre.xml (EX-101.PRE) — 27KB
• tm2419006d1_8k_htm.xml (XML) — 13KB

01

Item 7.01. Regulation FD Disclosure. On July 3, 2024, the Public Service Commission of South Carolina (the "PSCSC") issued a written order (the "Order") approving an increase in base rates, and approving nearly all components of a settlement agreement reached by Duke Energy Carolinas, LLC ("DEC"), the South Carolina Office of Regulatory Staff (the "ORS") and other parties on May 17, 2024, which resolved all issues in DEC's base rate case proceeding originally filed with the PSCSC on January 4, 2024. The Order revised recovery of certain environmental compliance costs, the only provision of the settlement agreement not fully approved by the PSCSC. Revised customer rates will be effective August 1, 2024 and are based upon a South Carolina retail rate base of $7.4 billion and a return on equity of 9.94% and a capital structure of 51.21% equity and 48.79% debt. The Order will result in Duke Energy Corporation recognizing a one-time net pre-tax accounting charge of approximately $30 to 40 million, to be recognized in the second quarter of 2024. An overview providing additional detail on the Order is attached to this Form 8-K as Exhibit 99.1. The information in Exhibit 99.1 is being furnished pursuant to this Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 Duke Energy Carolinas, LLC Fact Sheet Regarding 2024 Rate Case Settlement. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). 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: July 8, 2024 By: /s/ David S. Maltz Name: David S. Maltz Title: Vice President, Legal, Chief Governance Officer and Assistant Corporate Secretary DUKE ENERGY CAROLINAS, LLC Date: July 8, 2024 By: /s/ David S. Maltz Name: David S. Maltz Title: Vice President, Legal, Chief Governance Officer and Assistant Secretary Co-Registrant CIK Co-Registrant Amendment Flag false Co-Registrant Form Type 8-K Co-Registrant DocumentPeriodEndDate 2024-07-03 Co-Registrant Written Communications false Co-Registrant Solicitating Materials false Co-Registrant PreCommencement Tender Offer false Co-Registrant PreCommencement Issuer Tender Offer false Co-Registrant Emerging Growth Company false

View Full Filing

View this 8-K filing on SEC EDGAR