SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): January 25, 1999
DUKE ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
NORTH CAROLINA 1-4928 56-0205520
(State of other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification No.)
422 South Church Street
Charlotte, North Carolina 28202-1904
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 704-594-6200
Item 5. Other Events.
Duke Energy Corporation and CMS Energy Corporation have received
requests for additional information ("Second Requests") from the Federal Trade
Commission ("FTC") under the Hart-Scott-Rodino Antitrust Improvements Act
("HSR") relating to Duke's sale to CMS of the stock of Panhandle Eastern Pipe
Line Company, Trunkline Gas Company, two storage subsidiaries and Trunkline LNG
Company. Duke and CMS are in the process of complying with the Second Request
and providing other information to the staff of the FTC. Currently, Duke
believes that it will be able to comply substantially with the Second Request in
February and that this will enable the HSR waiting period to expire in time to
permit a closing of the acquisition in the first quarter of 1999. Duke is
seeking to resolve open issues with the FTC's staff which would allow an early
termination by the FTC of the waiting period, either before or after compliance
with the Second Request. While Duke knows of no valid basis for the FTC to take
action opposing the acquisition, Duke cannot give any assurance with respect to
the action of the FTC under HSR or its timing.
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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
(registrant)
By: ________________________
Richard J. Osborne
Executive Vice President
and Chief Financial Officer
Dated: January 25, 1999
