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DUK > SEC Filings for DUK > Form 8-K on 18-Feb-2014All Recent SEC Filings

Show all filings for DUKE ENERGY CORP



Material Impairments

Item 2.06. Material Impairments.

On February 17, 2014, Duke Energy Corporation (the "Company") announced that it had initiated a strategic process to exit its Midwest commercial generation business, including the sale of 13 power plants owned or partially owned by Duke Energy Ohio, Inc. The estimated fair value of this fleet of power plants is below current book value, and therefore, as a result of this announcement, the Company will take an estimated pre-tax impairment charge of $1 billion to $2 billion in the first quarter of 2014. This impairment charge will be treated as a special item and excluded from the Company's adjusted diluted earnings per share results.

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