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

The main purpose of this 8-K filing is to inform investors that Duke Energy Carolinas, a subsidiary of Duke Energy Corporation, has filed a rate case with the Public Service Commission of South Carolina to request an increase in retail rates.

How much of a rate increase is Duke Energy Carolinas requesting?

Duke Energy Carolinas is requesting an average increase in retail revenues of approximately 15%, which translates to about $216 million annually.

When can investors expect the new rates to go into effect?

If the Public Service Commission of South Carolina approves the rate increase request, the new rates are expected to go into effect around February 2012.

What is the proposed rate of return Duke Energy Carolinas is seeking?

Duke Energy Carolinas is seeking an overall rate of return of 8.63% as part of this rate case filing.

Duke Energy CORP 8-K SEC Disclosure

Summary

Duke Energy Carolinas, a subsidiary of Duke Energy Corporation (DUK), has filed a rate case with the Public Service Commission of South Carolina (PSCSC) on August 5, 2011. The filing seeks an average retail revenue increase of approximately 15%, equating to about $216 million annually. This request is based on an overall rate of return of 8.63%. If approved, these new rates are anticipated to take effect in February 2012.

Key Highlights

1Duke Energy Carolinas filed a rate increase request with the Public Service Commission of South Carolina (PSCSC).
2The requested average increase in retail revenues is approximately 15% or $216 million.
3The company is seeking an overall rate of return of 8.63%.
4The proposed rate changes are expected to become effective in February 2012, if approved.
5This filing is considered an 'Other Event' under Item 8.01 of the 8-K report.

Duke Energy CORP 8-K Report, Corporate Update (Aug 5, 2011)

Summary

Key Highlights

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