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DUK > SEC Filings for DUK > Form 8-K on 14-Nov-2013All Recent SEC Filings

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Other Events

Item 8.01. Other Events.

On November 13, 2013, the Public Utilities Commission of Ohio (PUCO) approved the partial settlement filed on April 2, 2013 by Duke Energy Ohio, Inc. (the "Company") related to its gas distribution rate case filed in June 2012. PUCO approved the recovery of environmental remediation costs associated with two of the Company's former manufactured gas plants (MGP). The order allows for the recovery of approximately $55 million of environmental remediation costs over a five-year period. In addition, the order results in no increase to gas distribution base rates and is based upon a return on equity of 9.84% and a 53.3% equity component of the capital structure.

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