Duke Energy Florida Files Routine 8-K on Jan 31, 2024

TL;DR

**Duke Energy Florida's 8-K is a routine administrative filing, nothing major.**

AI Summary

Duke Energy Florida, LLC filed an 8-K on January 31, 2024, indicating "Other Events" and "Financial Statements and Exhibits." This filing is primarily administrative, updating the public record with general information about the company and its parent, Duke Energy Corp. It doesn't disclose new financial results or major operational changes, but rather confirms the company's ongoing compliance with SEC reporting requirements. For investors, this filing is a routine update, signaling business as usual without any immediate impact on stock valuation.

Why It Matters

This filing is a standard administrative update, confirming Duke Energy Florida's compliance with SEC regulations, which is important for maintaining transparency and investor confidence.

Risk Assessment

Risk Level: low — This 8-K is a standard administrative filing with no new material information that would introduce significant risk.

Analyst Insight

Smart investors should recognize this as a routine compliance filing and not expect any immediate market-moving news. It's a confirmation of ongoing regulatory adherence rather than a disclosure of new strategic or financial developments.

Key Players & Entities

• DUKE ENERGY FLORIDA, LLC. (company) — registrant of the 8-K filing
• Duke Energy CORP (company) — parent company of the registrant
• January 31, 2024 (date) — date of earliest event reported and filing date
• 001-03274 (number) — SEC file number for DUKE ENERGY FLORIDA, LLC.
• 001-32853 (number) — SEC file number for Duke Energy CORP

FAQ

Key Financial Figures

• $0.001 — egistered Duke Energy Common Stock, $0.001 par value DUK New York Stock Exchan
• $596 million — e revenue requirements of approximately $596 million in 2025, $95 million in 2026 and $127 m
• $95 million — of approximately $596 million in 2025, $95 million in 2026 and $127 million in 2027. This
• $127 million — illion in 2025, $95 million in 2026 and $127 million in 2027. This is an average annual incr

Filing Documents

• tm244621d1_8k.htm (8-K) — 70KB
• tm244621d1_ex99-1.htm (EX-99.1) — 60KB
• tm244621d1_ex99-2.htm (EX-99.2) — 31KB
• tm244621d1_8kimg001.jpg (GRAPHIC) — 13KB
• tm244621d1_ex99-1img001.jpg (GRAPHIC) — 3KB
• tm244621d1_ex99-1img002.jpg (GRAPHIC) — 7KB
• tm244621d1_ex99-1img004.jpg (GRAPHIC) — 3KB
• 0001104659-24-008614.txt ( ) — 483KB
• duk-20240131.xsd (EX-101.SCH) — 5KB
• duk-20240131_def.xml (EX-101.DEF) — 27KB
• duk-20240131_lab.xml (EX-101.LAB) — 40KB
• duk-20240131_pre.xml (EX-101.PRE) — 26KB
• tm244621d1_8k_htm.xml (XML) — 12KB

01. Other Events

Item 8.01. Other Events. On January 31, 2024, Duke Energy Florida ("DEF") notified the Florida Public Service Commission ("FPSC") that it expects to file a formal request on April 2, 2024 for new base rates. DEF intends to propose a three-year rate plan that would begin in January 2025, once its current base rate settlement agreement concludes at the end of this year. DEF will propose multi-year rate increases that use the projected 12-month periods ending December 31, 2025, 2026, and 2027 as the test years, with adjusted rates to be effective with the first billing period of January 2025, 2026, and 2027, respectively. DEF expects to request additional base rate revenue requirements of approximately $596 million in 2025, $95 million in 2026 and $127 million in 2027. This is an average annual increase in revenue requirements of approximately 4% percent over 2025 through 2027. DEF will propose to set the company's return on common equity midpoint at 11.15 percent on a proposed capital structure containing 53 percent equity and 47 percent debt. Cautionary Statement Regarding Forward-Looking This Form 8-K includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking and assumptions and can often be identified by terms and phrases that include "anticipate," "believe," "intend," "estimate," "expect," "continue," "should," "could," "may," "plan," "project," "predict," "will," "potential," "forecast," "target," "guidance," "outlook" or other similar terminology. Various factors may cause actual results to be materially different than the suggested outcomes within forward-looking statements; accordingly, there is no assurance that such results will be realized. These factors include, but are not limited to: The ability to implement our

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 Duke Energy Florida, LLC Press Release Regarding 2024 Test Year Letter 99.2 Duke Energy Florida, LLC Fact Sheet Regarding 2024 Test Year Letter 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: January 31, 2024 By: /s/ David S. Maltz David S. Maltz Vice President, Legal, Chief Governance Officer and Assistant Corporate Secretary DUKE ENERGY FLORIDA, LLC Date: January 31, 2024 By: /s/ David S. Maltz David S. Maltz Vice President, Legal, Assistant Secretary and Chief Governance Officer

View Full Filing

View this 8-K filing on SEC EDGAR