What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to re-issue Duke Energy's historical financial statements and related disclosures for the year ended December 31, 2005, to reflect changes in its business segments. These changes are a result of the merger with Cinergy Corp., which was completed in the second quarter of 2006.

How does the Cinergy merger affect Duke Energy's business segments?

Following the merger with Cinergy, Duke Energy adopted new business segments to better align its operations with how management views the business. The new segments are: U.S. Franchised Electric and Gas, Natural Gas Transmission, Field Services, Commercial Power, International Energy, and Crescent Resources. This filing updates the reporting to reflect this new structure.

Do these segment changes impact Duke Energy's overall financial results?

No, the filing explicitly states that these revisions to segment disclosures do not affect Duke Energy's previously reported Consolidated Statements of Operations, Consolidated Balance Sheets, Consolidated Statements of Cash Flows, or Consolidated Statements of Common Stockholders' Equity and Comprehensive Income (Loss). The changes are primarily for reporting and management perspective alignment.

What specific information is being updated or re-issued?

The filing updates and supersedes Part I, Items 1 and 2 (Business and Properties) and Part II, Items 7 and 8 (Management's Discussion and Analysis, and Financial Statements) of Duke Energy's Form 10-K for the year ended December 31, 2005. It includes recast segment disclosures conforming to the current business segment structure.

Duke Energy CORP 8-K SEC Disclosure

Summary

Duke Energy Corporation (DUK) filed this Current Report on Form 8-K on December 8, 2006, primarily to re-issue historical financial information to reflect post-merger business segment changes. The company merged with Cinergy Corp. in the second quarter of 2006, combining regulated franchises and deregulated generation assets in the Midwest. This filing updates previous disclosures for the year ended December 31, 2005, to align with the new business segment structure, which includes U.S. Franchised Electric and Gas, Natural Gas Transmission, Field Services, Commercial Power, International Energy, and Crescent Resources. While this 8-K does not present new financial results, it is crucial for investors to understand how Duke Energy has reorganized its reporting segments following the significant Cinergy merger. This allows for a more accurate analysis of the company's performance and strategic direction across its diversified operations. The filing emphasizes that these segment restatements do not alter the previously reported Consolidated Statements of Operations, Balance Sheets, Cash Flows, or Stockholders' Equity, but rather provide a clearer view of how management now views and manages the combined entity.

Key Highlights

1Duke Energy (DUK) filed an 8-K on December 8, 2006, to update business segment reporting following its merger with Cinergy Corp.
2The Cinergy merger was completed in the second quarter of 2006, combining regulated and deregulated assets.
3New business segments adopted include U.S. Franchised Electric and Gas, Natural Gas Transmission, Field Services, Commercial Power, International Energy, and Crescent Resources.
4The filing re-issues historical financial statements and disclosures for the year ended December 31, 2005, to reflect the new segment structure.
5These revisions are necessary for SEC compliance when prior financial statements are incorporated by reference into subsequent filings.
6The updated segment information supersedes specific parts of Duke Energy's 2005 Form 10-K.
7The restated segment disclosures do not impact Duke Energy's previously reported consolidated financial statements (Statements of Operations, Balance Sheets, Cash Flows, etc.).

Duke Energy CORP 8-K Report, Corporate Update (Dec 8, 2006)

Summary

Key Highlights

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