Duke Sees 'Robust Market'for Sale of $4 Billion Renewable Unit [Financial Post (Toronto, Ontario, Canada)]
Duke Energy Corporation (Holding Company) (DUK)
Last duke energy corporation (holding company) earnings: 2/13 07:00 am
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Source: Financial Post
(Bloomberg) — Utility giant Duke Energy Corp. is planning to spin off its $4 billion US solar and wind portfolio in what would be one of the nation’s biggest renewable sales ever. Advertisement The potential move comes as Duke builds more clean power generation within its regulated business. Its unregulated commercial renewables operation consists of over five gigawatts of wind and solar farms across the US, but primarily in the western US, far from the company’s regulated customers. “I believe there will be a robust market for these assets, given that it’s not only operating assets, but also the development pipeline,” Duke Chief Executive Officer Lynn Good said on the company’s second-quarter earnings call Thursday morning. The sale would be one of the largest sales ever of solar and wind assets in the US, according to BloombergNEF solar analyst Pol Lezcano. Wall Street has encouraged US utility companies to slim their businesses to focus on their core, regulated operations. Inv
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DUK
Earnings
- 2/9/24 - Miss
DUK
Sec Filings
- 4/12/24 - Form CERT
- 4/12/24 - Form 8-A12B
- 4/12/24 - Form 8-K
- DUK's page on the SEC website