LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF DUKE ENERGY INDIANA, LLC An Indiana Limited Liability Company (Formerly known as DUKE ENERGY INDIANA, INC.) Dated as of January 1, 2016Limited Liability Company Operating Agreement • January 4th, 2016 • Duke Energy Indiana, LLC • Electric services • Indiana
THIS LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF DUKE ENERGY INDIANA, LLC (formerly known as DUKE ENERGY INDIANA, INC.), (the “Company”), a limited liability company organized pursuant to the Indiana Business Flexibility Act, is executed as of this 1st day of January, 2016. Cinergy Corp., a Delaware corporation, is the sole member of the Company (the “Member”). Solely for U.S. federal income tax purposes as provided in Treasury Regulations Section 301.7701-3 (as well as for applicable state, local or foreign tax purposes), the Member and the Company intend the Company to be disregarded as an entity that is separate from the Member. For all other purposes (including, without limitation, limited liability protection for the Member from Company liabilities), however, the Member and the Company intend the Company to be respected as a separate legal entity that is separate and apart from the Member.
