8-KOther Events

Duke Energy CORP 8-K Report, Corporate Update (May 16, 2013)

Filed May 16, 2013For Securities:DUKDUKBDUK-PA

Summary

Duke Energy Corporation (DUK) has filed an 8-K report to disclose the temporary removal of its Harris Nuclear Plant from service. The decision, made on May 15, 2013, was due to the discovery of a potential issue with a nozzle penetrating the reactor vessel, identified during post-outage analysis of ultrasonic data from the 2012 refueling. While the issue requires minor repairs, the company emphasizes that it poses no threat to the health and safety of employees or the public, and there is no indication of leakage from the reactor vessel. Duke Energy anticipates that the repair process will be completed within weeks, allowing the Harris Nuclear Plant to return to service. This type of repair is considered routine and has been successfully executed at other nuclear facilities globally. The plant had been operating continuously for 342 days prior to this shutdown, indicating a previously strong operational record.

Key Highlights

  • 1Duke Energy temporarily removed the Harris Nuclear Plant from service on May 15, 2013.
  • 2The shutdown is for minor repairs on a reactor vessel head nozzle.
  • 3The issue was identified through ultrasonic data analysis from the 2012 refueling outage.
  • 4The company states there is no evidence of leakage from the reactor vessel.
  • 5The health and safety of the public and employees are not impacted.
  • 6Repairs are expected to be completed within weeks.
  • 7The repair is considered a standard industry procedure.

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