0001104659-10-020041.txt : 20100416 0001104659-10-020041.hdr.sgml : 20100416 20100416133035 ACCESSION NUMBER: 0001104659-10-020041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100416 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100416 DATE AS OF CHANGE: 20100416 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Duke Energy Indiana, Inc. CENTRAL INDEX KEY: 0000081020 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 350594457 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03543 FILM NUMBER: 10754248 BUSINESS ADDRESS: STREET 1: 526 SOUTH CHURCH STREET STREET 2: EC03T CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 704-594-6200 MAIL ADDRESS: STREET 1: 526 SOUTH CHURCH STREET STREET 2: EC03T CITY: CHARLOTTE STATE: NC ZIP: 28202 FORMER COMPANY: FORMER CONFORMED NAME: PSI ENERGY INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUBLIC SERVICE CO OF INDIANA INC DATE OF NAME CHANGE: 19900509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Duke Energy CORP CENTRAL INDEX KEY: 0001326160 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 202777218 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32853 FILM NUMBER: 10754247 BUSINESS ADDRESS: STREET 1: 526 SOUTH CHURCH STREET STREET 2: EC03T CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 704-594-6200 MAIL ADDRESS: STREET 1: 526 SOUTH CHURCH STREET STREET 2: EC03T CITY: CHARLOTTE STATE: NC ZIP: 28202 FORMER COMPANY: FORMER CONFORMED NAME: Duke Energy Holding Corp. DATE OF NAME CHANGE: 20050628 FORMER COMPANY: FORMER CONFORMED NAME: Deer Holding Corp. DATE OF NAME CHANGE: 20050504 8-K 1 a10-7658_18k.htm 8-K

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): April 16, 2010

DUKE ENERGY CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Delaware		001-32853		20-2777218
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

526 South Church Street, Charlotte, North Carolina 28202

(Address of Principal Executive Offices, including Zip code)

(704) 594-6200

(Registrant’s telephone number, including area code)

DUKE ENERGY INDIANA, INC.

(Exact Name of Registrant as Specified in its Charter)

Indiana		1-3543		35-0594457
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1000 East Main Street, Plainfield, Indiana 46168

(Address of Principal Executive Offices, including Zip code)

(704) 594-6200

(Registrant’s telephone number, including area code)

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))

Item 7.01. Regulation FD Disclosure.

Duke Energy Indiana, Inc. (the “Company”) has updated its cost estimate for the Edwardsport clean coal gasification plant under construction in southwest Indiana. The project’s scale and complexity has added approximately $530 million to the $2.35 billion estimate which was previously approved by the Indiana Utility Regulatory Commission (the “Commission”). The Company announced last November that costs would be increasing as the project’s engineering progressed. Most of the design work and equipment purchasing is now done, and total project costs are estimated at $2.88 billion, including contingency and financing costs. The cost increases for the plant must be approved by the Commission before they can be phased into customer electric rates. The project is scheduled to be completed in 2012.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1 Summary of Edwardsport IGCC Project (As of April 16, 2010)

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


Date: April 16, 2010	By:	/s/ Marc E. Manly
	Name:	Marc E. Manly
	Title:	Group Executive, Chief Legal Officer and Corporate Secretary

EXHIBIT INDEX

Exhibit		Description

99.1		Summary of Edwardsport IGCC Project (As of April 16, 2010)

EX-99.1 2 a10-7658_1ex99d1.htm EX-99.1

Exhibit 99.1

Summary of Edwardsport IGCC Project

(As of April 16, 2010)

Overview

On April 16, 2010, Duke Energy Indiana filed the latest cost estimate update for the Edwardsport IGCC power plant with the Indiana Utility Regulatory Commission (IURC)

· Estimated project costs of $2.88 billion

· Including remaining contingency of $126 million and AFUDC of $164 million

· Cost increase of $530 million from previous approved cost of $2.35 billion

· Increase primarily the result of increases to project scope and design evolution

· If approved by IURC, the increase in costs will add about 3 percent to the average customer rate

· Hearings scheduled to begin August 10, 2010

· In-service date still expected to be in 2012

Project Summary

· 618 MW IGCC facility

· Duke Energy Indiana will close the existing circa 1940s160 MW facility at Edwardsport

· Over $460 million in local, state and federal tax incentives will reduce cost impact to customers

· Contractors

· EPCM Services — Bechtel

· Major Equipment — General Electric

· New plant is expected to generate 10 times as much power (on a kwh basis) as the existing plant at Edwardsport

· Lower environmental impact

· Expected emissions for SO2, NOx and mercury are below the current New Source Performance Standards

· Will use significantly less water than current plant

· Marketable byproducts instead of solid waste

Project Status (as of January 31, 2010)

· Project is 57% complete

· Final engineering is over 90% complete

· Committed costs of approximately $1.66 billion