UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): May 29, 2007

DUKE ENERGY CORPORATION

 (Exact Name of Registrant as Specified in its Charter)

Delaware

 

001-32853

 

20-2777218

(State or Other Jurisdiction

 

(Commission

 

(IRS Employer

 of Incorporation)

 

File Number)

 

Identification No.)

 

526 South Church Street, Charlotte, North Carolina  28202

(Address of Principal Executive Offices, including Zip code)

 

(704) 594-6200

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))

 




Item 8.01.  Other Events.

On Tuesday, May 29, 2007, Duke Energy Corporation (“Duke Energy”) announced that it had acquired the wind power development business of Tierra Energy, a leading wind power development company located in Austin, Texas, from Energy Investors Funds.  The acquisition included more than 1,000 megawatts of wind assets under development in the Western and Southwestern United States.  Three of the development projects – a total of approximately 240 megawatts – are located in Texas and Wyoming, and are anticipated to be in commercial operation by the end of 2008.  Duke Energy expects to spend approximately $400 million in capital expenditures through 2008 to complete these three development projects.  A copy of the press release is attached as exhibit 99.1 and is incorporated herein by reference.

Item 9.01.  Financial Statements and Exhibits.

(d)                                 Exhibits.

99.1

 

Press Release issued by Duke Energy Corporation on May 29, 2007

 

 

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

DUKE ENERGY CORPORATION

 

 

 

 

 

 

 

Date: June 1, 2007

 

By:

/s/Steven K. Young

 

 

 

Name:

Steven K. Young

 

 

Title:

Senior Vice President and Controller

 

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EXHIBIT INDEX

Exhibit

 

Description

 

 

 

99.1

 

Press Release issued by Duke Energy Corporation on May 29, 2007

 

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