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4-Traders Homepage  >  Equities  >  Nyse  >  Duke Energy Corp    DUK

DUKE ENERGY CORP (DUK)
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Duke Energy : FERC Issues Letter Involving Duke Energy of Cincinnati, Ohio

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09/28/2017 | 02:32pm CEST

WASHINGTON, Sept. 27 -- The U.S. Department of Energy'sFederal Energy Regulatory Commission issued the following letter involving Duke Energy, Cincinnati, Ohio:

Sheri H. May

Duke Energy Corporation

139 East Fourth Street

Cincinnati, OH 45202

Reference: Letter Agreement

Dear Ms. May:

On August 25, 2017, Duke Energy Business Services, LLC submitted, on behalf of Duke Energy Indiana, LLC, a Letter Agreement between Duke Energy Indiana, LLC and Wabash Valley Power Association. (1) The Letter Agreement provides for the design, installation, ownership, and operation of interconnection facilities and specifies reimbursement costs. Pursuant to authority delegated to the Director, Division of Electric Power Regulation - Central, under 18 C.F.R. Section 375.307, your submittal in the above-referenced proceeding is accepted, effective August 28, 2017, as requested.

Notice of the filing was published in the Federal Register with comments, protests, or interventions due on or before September 15, 2017. Under 18 C.F.R. Section 385.210, interventions are timely if made within the time prescribed by the Secretary. Under 18 C.F.R. Section 385.214, the filing of a timely motion to intervene makes the movant a party to the proceeding, if no answer in opposition is filed within fifteen days. No protests or adverse comments were received.

This action does not constitute approval of any service, rate, charge, classification or any rule, regulation, contract, or practice affecting such rate or service provided for in the filed documents; nor shall such action be deemed as recognition of any claimed contractual right or obligation affecting or relating to such service or rate; and such action is without prejudice to any findings or orders which have been made or may hereafter be made by the Commission in any proceeding now pending or hereafter instituted by or against the applicant(s).

This order constitutes final agency action. Requests for rehearing by the Commission may be filed within 30 days of the date of issuance of this order, pursuant to 18 C.F.R. Section 385.713.

Sincerely,

Penny S. Murrell

Director, Division of Electric Power Regulation Central

Footnote:

1. This agreement is designated as Duke Energy Indiana, LLC - Tariffs, Rate Schedules and Service Agreements, Rate Schedule No. 271, Letter Agreement with WVPA, 0.0.0.

Targeted News Service, source News Service

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Financials ($)
Sales 2018 24 088 M
EBIT 2018 5 803 M
Net income 2018 3 312 M
Debt 2018 58 157 M
Yield 2018 4,72%
P/E ratio 2018 16,68
P/E ratio 2019 15,62
EV / Sales 2018 4,67x
EV / Sales 2019 4,79x
Capitalization 54 279 M
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Mean consensus HOLD
Number of Analysts 17
Average target price 82,1 $
Spread / Average Target 6,1%
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NameTitle
Lynn J. Good Chairman, President & Chief Executive Officer
Dhiaa M. Jamil Chief Operating Officer & Executive Vice President
Steven K. Young Chief Financial Officer & Executive Vice President
Christopher B. Heck Chief Information Officer & Vice President
Michael G. Browning Lead Independent Director
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