Duke Energy & Brookfield Seal $6B Deal to Power Florida's Future

In a landmark deal, Duke Energy has partnered with Brookfield, a global infrastructure giant, to secure a $6 billion investment for a 19.7% non-controlling equity interest in Duke Energy Florida. This strategic move not only enhances Duke Energy Florida's capital plan by $4 billion over five years but also aims to meet the escalating energy demands of its 2 million customers through grid modernization and generation capacity enhancements. The transaction, structured in phases, underscores Duke Energy's commitment to reliability, affordability, and supporting Florida's rapid growth, while Brookfield's involvement highlights its strategy of investing in essential infrastructure assets for stable, long-term returns.

The partnership is a testament to Duke Energy's innovative approach to financing its energy modernization strategy, promising to strengthen its balance sheet and credit profile. With Duke Energy retaining majority ownership and operational control, the deal ensures continuity for its workforce and leadership, while Brookfield gains a significant stake in one of Florida's premier regulated utilities. Regulatory approvals are pending, but the deal is poised to set a precedent for infrastructure investments in the energy sector.