SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): June 13, 1997
DUKE ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
NORTH CAROLINA 1-4928 56-0205520
(State of other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification No.)
422 South Church Street
Charlotte, North Carolina 28242-0001
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 704-594-0887
Item 5. Other Events.
Duke Energy Corporation (formerly named Duke Power Company) (the
"registrant") previously disclosed that the registrant and PanEnergy Corp
("PanEnergy") had entered into a definitive Agreement and Plan of Merger among
the registrant, Duke Transaction Corporation and PanEnergy dated as of November
24, 1996, as amended and restated as of March 10, 1997, providing for the
merger of Duke Transaction Corporation with and into PanEnergy, with PanEnergy
being the surviving corporation and becoming a wholly-owned subsidiary of the
registrant (the "Merger"). The Merger was consummated effective June 18, 1997.
The registrant also announced on June 13, 1997, that it had agreed to
purchase the interests of Louis Dreyfus Electric Power Inc. and Louis Dreyfus
Energy Holdings Corp. in Duke/Louis Dreyfus, L.L.C. ("D/LD"), a power marketing
venture of the registrant and the two Louis Dreyfus companies. The purchase was
consummated on June 17, 1997.
A copy of the registrant's press releases announcing the effectiveness of
the Merger and the D/LD purchase are filed herewith as Exhibit 2(a) and
Exhibit 2(b), respectively, and are incorporated by reference herein.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
The following exhibits are filed herewith:
2(a). Press Release of registrant dated June 18, 1997
2(b). Press Release of registrant dated June 13, 1997
SIGNATURE
Pursuant to the requirements of the Securities and 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
(registrant)
By: ________________________
Richard J. Osborne
Executive Vice President
and Chief Financial Officer
Dated: June 18, 1997
Exhibit Index
Exhibit Description
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2(a) Press Release of registrant dated June 18, 1997
2(b) Press Release of registrant dated June 13, 1997