I think the OP means his question in the same sense that in 2-D the family of hyperbolas
[tex]\frac{x^2}{a^2}-\frac{y^2}{b^2}= k[/tex]
becomes the intersecting asymptotes when k = 0. And as such, the answer to his question is no. In 2D the parabola y = kx2 becomes a straight line. These are degenerate forms of their corresponding conics.
In 3D the corresponding situation arises with hyperboloids:
[tex]\frac{x^2}{a^2}+\frac{y^2}{b^2}-\frac{z^2}{c^2}= k[/tex]
degenerates into a cone if k = 0. Whether it is an elliptical or circular cone depends on whether a = b. The paraboloid has no conical degenerate form.