| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING |
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| (Check One): | ¨ Form 10-K and Form 10-KSB ¨ Form 11-K ¨ Form 20-F x Form 10-Q and Form 10-QSB ¨ Form N-SAR | |
| For Period Ended: September 30, 2006 | ||
| ¨ 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: | ||
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.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
DUKE ENERGY CAROLINAS, LLC
(formerly Duke Power Company LLC, which was formerly Duke Energy Corporation)
Full Name of Registrant
526 South Church Street
Address of Principal Executive Office (Street and Number)
Charlotte, North Carolina 28202-1803
City, State and Zip Code
Former Name if Applicable
PART II - RULES 12b-25(b) AND (c)
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)
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(a) | The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; | ||
| x |
(b) | The subject annual report, semi-annual report; transition report on Form 10-K, Form 20-F, 11-K, 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 of 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 | ||
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(c) | The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 10-KSB, 11-K, 20-F, 10-Q, 10-QSB, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach Extra Sheets If Needed)
Due to the closing of the merger between Cinergy Corp. and Duke Energy Corporation on April 3, 2006, and related legal entity transfers out of the registrant, certain financial and other information necessary for an accurate and full completion of the Quarterly Report on Form 10-Q for the period ended September 30, 2006 could not be provided within the prescribed time period without unreasonable effort or expense.
PART IV - OTHER INFORMATION
| (1) | Name and telephone number of person to contact in regard to this notification |
| Steven K. Young (Name) |
704 (Area Code) |
594-6200 (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 reports) been filed? If 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? x Yes ¨ No |
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.
We anticipate significant changes in the results of operations for the third quarter of 2006 from the corresponding period of 2005 due to the merger between Cinergy Corp. and Duke Energy Corporation in the second quarter of 2006, and related legal entity transfers out of the registrant. Because we have been unable to complete all work necessary with respect to the Quarterly Report on Form 10-Q for the period ended September 30, 2006, we are not able to reasonably estimate these items at this time.
DUKE ENERGY CAROLINAS, LLC
(formerly Duke Power Company LLC, which was formerly Duke Energy Corporation)
(Name of Registrant as Specified in Charter)
have caused this notification to be signed on their behalf by the undersigned hereunto duly authorized.
| DUKE ENERGY CAROLINAS, LLC | ||||
| Date: November 9, 2006 | By: | /s/ David S. Maltz | ||
| Name: | David S. Maltz | |||
| Title: | Assistant Secretary | |||