Duke Energy Florida Equity Sale to Raise $6B for Capital Improvements, Portfolio Improvements

Duke Energy Florida equity sale to raise $6B for capital improvements, portfolio improvements

Duke Energy is partnering with infrastructure investor Brookfield, raising $6 billion in funds to increase capital to allow the electric utility to pay down company debt, maintain credit and expand the company’s existing capital plan. Duke has entered into a definitive agreement with Brookfield that will provide nearly 20% equity interest for the investor, which holds more than $200 billion in assets under management across utilities, transporta…

Duke Energy To Sell 20% in Florida Arm for $6 Billion

U.S. electric utility giant Duke Energy has agreed to sell an indirect 19.7% stake in its Florida business to infrastructure investor Brookfield for $6 billion in cash, part of which will fund Duke’s increased capital spending plan for the next five years. Under the terms of the definitive agreement, Brookfield will invest in Florida Progress, which owns all of Duke Energy Florida. Brookfield will acquire its indirect equity interest in Duke Ene…

Brookfield Buys Stake in Duke Energy's Florida Utility for $6 Billion

(Bloomberg) — Brookfield Asset Management agreed to buy a 19.7% stake in Duke Energy Corp.’s Florida utility for $6 billion, a deal that will accelerate investment in the grid as the state’s population soars.

Brookfield to acquire nearly 20% stake in Duke Energy’s Florida unit for $6-billion

Sale part of broader push to boost Duke Energy’s infrastructure investments who also increased five-year capital spending plan to $87-billion

Brookfield acquires 19.7% stake in Duke Energy Florida for US$6 billion

Renewables asset owner Brookfield Renewable has acquired 19.7% indirect equity stake in US regional energy utility Duke Energy’s Florida portfolio.

Duke Energy secures $6bn investment from Brookfield

Duke Energy signed a definitive agreement with Brookfield, wherein the latter will acquire indirect equity interest in Duke Energy Florida.