Business Context and Reporting Period
This Form 8-K Current Report was filed by Duke Energy Corporation and Duke Energy Indiana, Inc. on June 10, 2013. The report addresses a specific operational milestone regarding the Edwardsport Generating Station.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on a non-financial operational event rather than periodic financial results.
Material Changes
The primary material change reported is the commencement of commercial operations for the Edwardsport Generating Station. Key details include:
- Event: The plant was declared in-service on June 7, 2013, and began commercial operation.
- Capacity: 618 megawatts.
- Technology: Advanced technology coal gasification located in Knox County, Indiana.
- Process: The facility gasifies coal, strips out pollutants, and burns the cleaner gas to produce electricity, substantially reducing environmental impact.
Guidance, Outlook, and Risks
The filing text does not provide updated financial guidance, management outlook, specific risk factors, or contingencies beyond the successful completion of the plant's in-service steps. No unusual items were disclosed.
Investor Verification Checklist
- Confirm the operational status and output of the Edwardsport Generating Station post-June 7, 2013.
- Review subsequent quarterly reports to assess the financial impact of the new 618 MW capacity on Duke Energy Indiana's revenue and margins.
- Verify regulatory compliance and environmental performance metrics associated with the new coal gasification technology.