UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 16, 2020
Commission file number | Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, and Telephone Number | IRS Employer Identification No. | ||
| DUKE ENERGY CORPORATION | ||||
| (a Delaware corporation) | ||||
| 1-32853 | 550 South Tryon Street Charlotte, North Carolina 28202-1803 704-382-3853 | 20-2777218 | ||
 |
Commission file number | Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number and IRS Employer Identification Number | Commission file number | Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number and IRS Employer Identification Number | |||
| 1-4928 | DUKE ENERGY CAROLINAS, LLC (a North Carolina limited liability company) 526 South Church Street Charlotte, North Carolina 28202-1803 704-382-3853 56-0205520 | 1-1232 | DUKE ENERGY OHIO, INC. (an Ohio corporation) 139 East Fourth Street Cincinnati, Ohio 45202 704-382-3853 31-0240030 | |||
| 1-3382 | DUKE ENERGY PROGRESS, LLC (a North Carolina limited liability company) 410 South Wilmington Street Raleigh, North Carolina 27601-1748 704-382-3853 56-0165465 | 1-3543 | DUKE ENERGY INDIANA, LLC. (an Indiana limited liability company) 1000 East Main Street Plainfield, Indiana 46168 704-382-3853 35-0594457 | |||
| 1-3274 | DUKE ENERGY FLORIDA, LLC (a Florida limited liability company) 299 First Avenue North St. Petersburg, Florida 33701 704-382-3853 59-0247770 | 1-6196 | PIEDMONT NATURAL GAS COMPANY, INC (a North Carolina corporation) 4720 Piedmont Row Drive Charlotte, North Carolina 28210 704-364-3120 56-0556998 |
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:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common stock, $0.001 par value | DUK | New York Stock Exchange LLC |
| 5.125% Junior Subordinated Debentures due January 15, 2073 | DUKH | New York Stock Exchange LLC |
| 5.625% Junior Subordinated Debentures due September 15, 2078 | DUKB | New York Stock Exchange LLC |
| , 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 1.01. Entry into a Material Definitive Agreement.
On March 16, 2020, Duke Energy Corporation (the “Corporation”) and its wholly-owned subsidiaries, Duke Energy Carolinas, LLC, Duke Energy Florida, LLC, Duke Energy Indiana, LLC, Duke Energy Kentucky, Inc., Duke Energy Ohio, Inc., Duke Energy Progress, LLC, and Piedmont Natural Gas Company, Inc, entered into an amendment to the $8,000,000,000 Credit Agreement, originally dated as of November 18, 2011 and as amended on December 18, 2013, January 30, 2015, March 16, 2017, and March 18, 2019, among the Corporation and each of such subsidiaries, as Borrowers, the lenders listed therein, and Wells Fargo Bank, National Association, as Administrative Agent and Swingline Lender. The credit facility was originally described and filed in the Corporation’s Form 8-K dated November 25, 2011. This amendment was entered into primarily to extend the termination date of the facility from March 16, 2024 to March 16, 2025. As of March 17, 2020, the Corporation had approximately $3.9 billion available for borrowing under the Credit Agreement, after accounting for outstanding commercial paper, letters of credit and other credit support provided by this facility.
The disclosure in this Item 1.01 is qualified in its entirety by the provisions of the amendment to the Credit Agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
| (d) | Exhibits. | |
| 10.1 | Amendment No. 5 and Consent, dated as of March 16, 2020, among Duke Energy Corporation, Duke Energy Carolinas, LLC, Duke Energy Ohio, Inc., Duke Energy Indiana, LLC, Duke Energy Kentucky, Inc., Duke Energy Progress, LLC, Duke Energy Florida, LLC, and Piedmont Natural Gas Company, Inc., the Lenders party thereto, the Issuing Lenders party thereto, and Wells Fargo Bank, National Association, as Administrative Agent and Swingline Lender | |
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. |
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EXHIBIT INDEX
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
| DUKE ENERGY CORPORATION | ||
| DUKE ENERGY CAROLINAS, LLC | ||
| DUKE ENERGY PROGRESS, LLC | ||
| DUKE ENERGY FLORIDA, LLC | ||
| DUKE ENERGY OHIO, INC. | ||
| DUKE ENERGY INDIANA, LLC | ||
| PIEDMONT NATURAL GAS COMPANY, INC. | ||
| Date: March 17, 2020 | By: | /s/ Robert T. Lucas III |
| Name: | Robert T. Lucas III | |
| Title: | Assistant Secretary | |
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| Duke Energy Carolinas, LLC | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | March 16, 2020 |
| Written Communication | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issue Tender Offer | false |
| Entity Emerging Growth Company | false |
| CIK | 0000030371 |
| Duke Energy Progress, LLC | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | March 16, 2020 |
| Written Communication | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issue Tender Offer | false |
| Entity Emerging Growth Company | false |
| CIK | 0000017797 |
| Duke Energy Florida, LLC | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | March 16, 2020 |
| Written Communication | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issue Tender Offer | false |
| Entity Emerging Growth Company | false |
| CIK | 0000037637 |
| Duke Energy Ohio, Inc | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | March 16, 2020 |
| Written Communication | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issue Tender Offer | false |
| Entity Emerging Growth Company | false |
| CIK | 0000020290 |
| Duke Energy Indiana, LLC | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | March 16, 2020 |
| Written Communication | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issue Tender Offer | false |
| Entity Emerging Growth Company | false |
| CIK | 0000081020 |
| PIEDMONT NATURAL GAS COMPANY, INC. | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | March 16, 2020 |
| Written Communication | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issue Tender Offer | false |
| Entity Emerging Growth Company | false |
| CIK | 0000078460 |