UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

FORM 8-K

CURRENT ~~REPORT~~ ~~PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~REPORT

~~Date~~Pursuant ofto ~~report~~Section 13 ~~(Date~~or ~~of earliest event reported~~15(d)~~: December~~ ~~30, 2005~~of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 26, 2006

DUKE ENERGY CORPORATION

CINERGY CORP.

(Exact Name of Registrant as Specified in ~~Its~~its Charter)

Commission File Number	Registrant, State of Incorporation, Address and Telephone Number	I.R.S. Employer Identification No.
1-11377	CINERGY CORP.	31-1385023
1-32853	DUKE ENERGY CORPORATION (A Delaware Corporation) 526 South Church Street Charlotte, North Carolina 28202 (704) 594-6200	20-2777218
	(A Delaware Corporation)
1-11377	CINERGY CORP. (A Delaware Corporation) 139 East Fourth Street Cincinnati, Ohio 45202 (513) 421-9500	31-1385023
	139 East Fourth Street
	Cincinnati, Ohio 45202
	(513) 421-9500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))

Item 1.01. Entry into a Material Definitive Agreement.

On ~~December~~June 3026, ~~2005,~~ 2006, Cinergy ~~Corp.~~Capital & ~~(the “Company”) entered into agreements with certain employees~~Trading, ~~including Michael J~~ Inc. ~~Cyrus~~, ~~Executive~~a ~~Vice~~subsidiary ~~President and Chief Executive Officer~~ of the registrants, ~~Commercial~~as ~~Business Unit~~seller, and ~~James~~Fortis ~~L. Turner~~Bank, ~~President~~S.A./N.V., ~~to accelerate the payment of~~ a ~~portion~~Belgian ~~of the executive’s benefits~~corporation, ~~otherwise~~as ~~expected~~buyer, toentered beinto ~~paid~~a ~~following~~Purchase ~~the~~and ~~closing~~Sale ofAgreement (the ~~merger~~“Purchase ~~between the Company~~ and ~~Duke~~ ~~Energy (the “Merger~~Sale Agreement”), inwith ~~order~~respect to ~~mitigate~~ the ~~Company’s~~sale ~~taxes~~of ~~and related~~100% ~~expenses. The~~of ~~agreements~~the ~~with~~partnership ~~Messrs. Cyrus~~interests in ~~and~~Cinergy ~~Turner~~Marketing & ~~amend their employment agreements~~Trading, ~~and benefit plans in which they participate~~LP, to100% ~~provide~~of ~~that~~ the ~~Company~~outstanding ~~will~~shares ~~accelerate (into 2005) the~~of ~~payment~~Cinergy ofCanada, Inc. ~~certain~~and ~~amounts~~associated ~~that~~contracts ~~they~~managed ~~have~~by ~~previously~~these ~~earned or are expected to~~companies ~~earn~~(including ~~following~~transactions ~~the~~for ~~closing of~~ the ~~Merger,~~purchase ~~which~~and issale ~~anticipated~~of toelectric ~~occur~~energy ~~in the~~and ~~first half of 2006. In particular~~capacity, ~~the Company~~other ~~prepaid~~commodities ~~Mr. Cyrus $9,223,445~~ and/or ~~Mr. Turner~~related ~~$589~~products,~~680~~ ~~in connection~~transactions ~~with~~providing ~~some~~for physical delivery and/or ~~all~~transactions offor ~~the~~financial ~~following benefits: (i~~settlement) ~~performance shares~~ ~~under~~for the ~~Company’s long-term incentive plan, (ii) expected 2006~~base ~~bonus~~purchase ~~payment,~~price ~~(iii) estimated~~of ~~severance~~US$210 ~~benefits, (iv) earned and vested supplemental executive retirement benefits and (v) restricted stock awards~~million. In ~~the~~addition, ~~event~~Fortis ~~the~~will ~~executive voluntarily~~pay ~~terminates~~an ~~his~~amount ~~employment prior~~ equal to the ~~closing~~value of the ~~Merger,~~portfolio ~~the executive is obligated to repay all~~ of ~~the~~contracts ~~payments,~~ and ifnet ~~the~~working ~~Merger~~capital ~~does not~~associated ~~close~~with onthe orbusinesses. ~~prior~~Both tothe aportfolio ~~specified~~value ~~date,~~and ~~the~~net ~~executive~~working iscapital ~~obligated~~will ~~to repay half~~be ofdetermined ~~the~~at ~~payments,~~closing toand ~~reflect~~are ~~his~~subject ~~estimated~~to ~~tax~~market ~~liability~~and ~~upon~~operating ~~receipt~~changes ofup ~~the~~until ~~accelerated~~that ~~payments;~~time. inThe ~~each~~sale ~~case,~~is ~~less~~subject ~~any~~to ~~amounts~~Federal ~~that~~Energy ~~the~~Regulatory ~~executive~~Commission ~~has~~and ~~already~~Federal ~~earned~~Reserve ~~through~~Board ~~such date. By accelerating these payments~~approvals, ~~the~~as ~~Company~~well ~~will~~as ~~mitigate~~Canadian ~~its~~regulatory ~~taxes~~approvals, and ~~related~~ ~~expenses~~is ~~that~~anticipated itto ~~would~~close ~~otherwise~~in ~~incur~~approximately if90 ~~it had waited until after 2005 to make these payments~~days.

~~Item~~A ~~5.02.~~copy ~~Departure~~ of ~~Directors~~the Purchase orand ~~Principal~~Sale ~~Officers;~~Agreement ~~Election~~is ofattached ~~Directors;~~as ~~Appointment~~Exhibit 10.1 ofto ~~Principal~~this ~~Officers~~Current Report on Form 8-K and is incorporated herein by reference.

OnItem ~~December 30, 2005, Mr~~7. ~~Cyrus~~01. ~~informed the~~Regulation ~~Company~~FD ~~that he does not expect to continue his employment with the Company following completion of the Merger~~Disclosure.

2On June 27, 2006, Duke Energy Corporation issued a press release announcing the execution of the agreement. A copy of such press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

~~SIGNATURES~~Item 9.01. Financial Statements and Exhibits.

~~Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized~~(d) Exhibits.

	CINERGY CORP.
Dated: January 4, 2006	By	/s/ MARC E. MANLY
		Name: Marc E. Manly Title: Executive Vice President and Chief Legal Officer

10.1 Purchase and Sale Agreement by and among Cinergy Capital & Trading, Inc., as Seller, and Fortis Bank, S.A./N.V., as Buyer, dated as of June 26, 2006

399.1 Press Release issued by Duke Energy Corporation on June 27, 2006

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

	DUKE ENERGY CORPORATION

Date: June 30, 2006	By:	/s/ Steven K. Young
	Name:	Steven K. Young
	Title:	Vice President and Controller


	CINERGY CORP.

Date: June 30, 2006	By:	/s/ Steven K. Young
	Name:	Steven K. Young
	Title:	Chief Financial Officer and Controller

EXHIBIT INDEX

Exhibit		Description
10.1		Purchase and Sale Agreement by and among Cinergy Capital & Trading, Inc., as Seller, and Fortis Bank, S.A./N.V., as Buyer, dated as of June 26, 2006

99.1		Press Release issued by Duke Energy Corporation on June 27, 2006

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