UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
Amendment No. 1
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |
For the quarterly period ended March 31, 2020
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |
For the transition period from _________to_________
Commission file number | Registrant, State of Incorporation or Organization, Address of Principal Executive Offices and Telephone Number | IRS Employer Identification Number | |
 | |||
(a Delaware corporation)
(a North Carolina limited liability company)
(a North Carolina corporation)
(a North Carolina limited liability company)
(a Florida limited liability company)
(an Ohio corporation)
(an Indiana limited liability company)
(a North Carolina corporation)
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
Name of each exchange on
Registrant | Title of each class Trading symbols which registered |
Duke Energy |
Duke Energy |
January 15, 2073
Duke Energy |
September 15, 2078
Duke Energy |
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 (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Duke Energy Corporation (Duke Energy) | ☒ | No | ☐ | Duke Energy Florida, LLC (Duke Energy Florida) | ☒ | No | ☐ | |||
Duke Energy Carolinas, LLC (Duke Energy Carolinas) | ☒ | No | ☐ | Duke Energy Ohio, Inc. (Duke Energy Ohio) | ☒ | No | ☐ | |||
Progress Energy, Inc. (Progress Energy) | ☒ | No | ☐ | Duke Energy Indiana, LLC (Duke Energy Indiana) | ☒ | No | ☐ | |||
Duke Energy Progress, LLC (Duke Energy Progress) | ☒ | No | ☐ | Piedmont Natural Gas Company, Inc. (Piedmont) | ☒ | No | ☐ | |||
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Duke Energy | ☒ | No | ☐ | Duke Energy Florida | ☒ | No | ☐ | |||
Duke Energy Carolinas | ☒ | No | ☐ | Duke Energy Ohio | ☒ | No | ☐ | |||
Progress Energy | ☒ | No | ☐ | Duke Energy Indiana | ☒ | No | ☐ | |||
Duke Energy Progress | ☒ | No | ☐ | Piedmont | ☒ | No | ☐ | |||
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Duke Energy | ☒ | Accelerated filer | ☐ | Non-accelerated filer | ☐ | Smaller reporting company | Emerging growth company | |||
Duke Energy Carolinas | Large accelerated filer | ☐ | Accelerated filer | ☐ | ☒ | Smaller reporting company | Emerging growth company | |||
Progress Energy | Large accelerated filer | ☐ | Accelerated filer | ☐ | ☒ | Smaller reporting company | Emerging growth company | |||
Duke Energy Progress | Large accelerated filer | ☐ | Accelerated filer | ☐ | ☒ | Smaller reporting company | Emerging growth company | |||
Duke Energy Florida | Large accelerated filer | ☐ | Accelerated filer | ☐ | ☒ | Smaller reporting company | Emerging growth company | |||
Duke Energy Ohio | Large accelerated filer | ☐ | Accelerated filer | ☐ | ☒ | Smaller reporting company | Emerging growth company | |||
Duke Energy Indiana | Large accelerated filer | ☐ | Accelerated filer | ☐ | ☒ | Smaller reporting company | Emerging growth company | |||
Piedmont | Large accelerated filer | ☐ | Accelerated filer | ☐ | ☒ | Smaller reporting company | 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. ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Duke Energy | Yes | No | ☒ | Duke Energy Florida | Yes | No | ☒ | |||
Duke Energy Carolinas | Yes | No | ☒ | Duke Energy Ohio | Yes | No | ☒ | |||
Progress Energy | Yes | No | ☒ | Duke Energy Indiana | Yes | No | ☒ | |||
Duke Energy Progress | Yes | No | ☒ | Piedmont | Yes | No | ☒ | |||
Number of shares of common stock outstanding at April 30, 2020:
Registrant | Description | Shares |
Duke Energy | Common stock, $0.001 par value | |
This combined Form 10-Q/A is filed separately by eight registrants: Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, Duke Energy Indiana and Piedmont (collectively the Duke Energy Registrants). Information contained herein relating to any individual registrant is filed by such registrant solely on its own behalf. Each registrant makes no representation as to information relating exclusively to the other registrants.
EXPLANATORY NOTE
Duke Energy Corporation and its subsidiaries (collectively, the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 (the “Original Filing”) with the U.S. Securities and Exchange Commission (the “SEC”) on May 12, 2020. The Company is filing this Amendment No. 1 (the “Amendment”) to its Original Filing solely to add this Explanatory Note which was inadvertently omitted from the Original Filing.
As previously disclosed in the Company’s Current Report on Form 8-K filed with the SEC on May 8, 2020 (the “Form 8-K”), and in accordance with the SEC’s “Order Under Section 36 of the Securities Exchange Act of 1934 Modifying Exemptions From the Reporting and Proxy Delivery Requirements for Public Companies," dated March 25, 2020 (Release No. 34-88465) (the “Order”), the Company (i) relied on the relief provided by the Order in connection with the filing of the Original Filing and (ii) the delay in the Original Filing was necessitated by the additional time required by our workforce, who are largely working remotely during the COVID-19 pandemic, to complete the processes necessary for our internal controls. In addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Company is including in this Amendment certifications from its Chief Executive Officer and Chief Financial Officer as required by Rule 13a-14(a) or Rule 15d-14(a) under the Exchange Act as exhibits to this Amendment. Because no financial statements have been included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. We are not including the certifications under Section 906 of the Sarbanes-Oxley Act of 2002 as no financial statements are being filed with this Amendment.
This Amendment has not been updated for events or information subsequent to the filing date of the Original Filing and should be read in conjunction with the Original Filing and Duke Energy’s other filings with the SEC. Except as described above, no other changes have been made in the Amendment to modify or update the other disclosures in or exhibits filed or furnished with the Original Filing. Material events may have occurred subsequent to the filing of the Original Filing that are not reflected in this Amendment.
ITEM 6. EXHIBITS
Exhibits filed herein are designated by an asterisk (*).
Duke | Duke | Duke | Duke | Duke | |||||||||||||
Exhibit | Duke | Energy | Progress | Energy | Energy | Energy | Energy | ||||||||||
Number | Energy | Carolinas | Energy | Progress | Florida | Ohio | Indiana | Piedmont | |||||||||
*31.1.1 | X | ||||||||||||||||
*31.1.2 | X | ||||||||||||||||
*31.1.3 | X | ||||||||||||||||
*31.1.4 | X | ||||||||||||||||
*31.1.5 | X | ||||||||||||||||
*31.1.6 | X | ||||||||||||||||
*31.1.7 | X | ||||||||||||||||
*31.1.8 | X | ||||||||||||||||
*31.2.1 | X | ||||||||||||||||
*31.2.2 | X | ||||||||||||||||
*31.2.3 | X | ||||||||||||||||
*31.2.4 | X | ||||||||||||||||
*31.2.5 | X | ||||||||||||||||
*31.2.6 | X | ||||||||||||||||
*31.2.7 | X | ||||||||||||||||
*31.2.8 | X | ||||||||||||||||
*101.INS | XBRL Instance Document (this does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document). | X | X | X | X | X | X | X | X | ||||||||
*101.SCH | XBRL Taxonomy Extension Schema Document. | X | X | X | X | X | X | X | X | ||||||||
*101.CAL | XBRL Taxonomy Calculation Linkbase Document. | X | X | X | X | X | X | X | X | ||||||||
*101.LAB | XBRL Taxonomy Label Linkbase Document. | X | X | X | X | X | X | X | X | ||||||||
*101.PRE | XBRL Taxonomy Presentation Linkbase Document. | X | X | X | X | X | X | X | X | ||||||||
*101.DEF | XBRL Taxonomy Definition Linkbase Document. | X | X | X | X | X | X | X | X | ||||||||
*104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101). | X | X | X | X | X | X | X | X | ||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.
DUKE ENERGY CORPORATION DUKE ENERGY CAROLINAS, LLC PROGRESS ENERGY, INC. DUKE ENERGY PROGRESS, LLC DUKE ENERGY FLORIDA, LLC DUKE ENERGY OHIO, INC. DUKE ENERGY INDIANA, LLC PIEDMONT NATURAL GAS COMPANY, INC. | ||
Date: | June 2, 2020 | /s/ STEVEN K. YOUNG |
Steven K. Young Executive Vice President and Chief Financial Officer (Principal Financial Officer) | ||
Date: | June 2, 2020 | /s/ DWIGHT L. JACOBS |
Dwight L. Jacobs Senior Vice President, Chief Accounting Officer, Tax and Controller (Principal Accounting Officer) | ||