Duke Energy sells 11.05% of Duke Energy Indiana for 1.025 billion
Article continues below
GIC will acquire a 19.9% indirect minority interest in Duke Energy Indiana for a total purchase price of $2.05 billion in two separate phases.
Proceeds from this transaction will help fund the company's $59 billion capex plan and satisfy all equity capital raising needs through 2025. Duke Energy has the discretion to determine the timing of the second closing, but it will occur no later than January 2023. ■