U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 1-4928
(CHECK ONE): CUSIP NUMBER
264399
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [X] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1998
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: ......................................
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READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT OR
TYPE. Nothing in this form shall be construed to imply that the
Commission has verified any Information contained herein.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates: Not Applicable
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PART I - REGISTRANT INFORMATION
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Duke Energy Retirement Savings Plan and Duke Energy Corporation
Employees' Stock Ownership Plan
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Full Name of Registrant
Former Name if Applicable: Not applicable
Issuer of Securities held pursuant to the Plans is Duke Energy
Corporation.
526 South Church Street
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Address of Principal Executive Office (STREET AND NUMBER)
Charlotte, North Carolina 28202
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City, State and Zip Code
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<PAGE>
PART II - RULES 12B-25 (B) AND (C)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate) [X]
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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PART III - NARRATIVE
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
(Attach Extra Sheets if Needed)
As a result of the recent merger of three previous plans, the Employees' Savings
Plan of PanEnergy Corp and Participating Affiliates, the Tax Credit Employee
Stock Ownership Plan of PanEnergy Corp and Participating Affiliates, and the
Duke Energy Field Services Inc. Retirement Savings Plan, into the Duke Energy
Corporation Retirement Savings Plan (the "Retirement Savings Plan"), and because
of delays in third party processing of information related to the annual
financial statements of the Retirement Savings Plan and the Duke Energy
Corporation Employees' Stock Ownership Plan (the "ESOP," and, together with the
Retirement Savings Plan, the "Plans"), the Plans are not able to complete the
collection and assembly of all information required in their jointly filed Form
11-K without unreasonable effort and expense. Accordingly, this Form 12b-25 is
filed to extend the filing deadline for the Form 11-K until July 15, 1999.
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PART IV - OTHER INFORMATION
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(1)Name and telephone number of person to contact in regard to this notification
Robert T. Lucas III 704 382-8152
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13 or 15(d)
of the Securities Exchange Act of 1934 or section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
[ ] Yes [X] No
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If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
Duke Energy Retirement Savings Plan and Duke Energy Corporation Employees'
Stock Ownership Plan
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(Name of Registrant as specified in charter)
have caused this notification to be signed on their behalf by the undersigned
thereunto duly authorized.
Duke Energy Retirement Savings Plan
Date: June 30, 1999 By: /s/ Jeffrey L. Boyer
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Jeffrey L. Boyer
Vice President and Corporate Controller
Duke Energy Corporation Employees' Stock
Ownership Plan
By: /s/ Jeffrey L. Boyer
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Jeffrey L. Boyer
Vice President and Corporate Controller
