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Stock Market & Financial Investment News

News Breaks
February 17, 2014
13:12 EDTDUKDuke Energy initiates process to exit Midwest commercial generation business
Duke Energy has initiated a strategic process to exit its Midwest commercial generation business, which includes ownership interests in 13 power plants. The Midwest generation business includes 13 power plants with a total capacity of approximately 6,600 megawatts. These plants are owned or partially owned by Duke Energy Ohio and reported in the company's Commercial Businesses unit. Redeployment of any Midwest generation sale proceeds is expected to be accretive. As a result of this announcement, the company will take an estimated pre-tax impairment charge of $1B to $2B in the first quarter of 2014. This impairment will be treated as a special item and excluded from Duke Energy's adjusted diluted earnings per share results.
News For DUK From The Last 14 Days
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August 3, 2015
16:00 EDTDUKObama Clean Power Plan sends coal sector plummeting
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17:09 EDTDUKPresident of U.S. power company group comments on Clean Power regulation
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July 28, 2015
09:06 EDTDUKDuke Energy acquires Seville I and II Solar Power Projects from Kruger Energy
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July 21, 2015
09:03 EDTDUKDuke Energy Renewables acquires 20MW Shawboro solar project in North Carolina
Duke Energy Renewables announced it has acquired a 20-megawatt AC solar power project in Shawboro, N.C., from Ecoplexus, lead developer of the project. The energy generated from the facility is enough to power about 4,000 homes and will be sold to Dominion NC Power through a 15-year agreement. Swinerton Renewable Energy will build the facility and is expected to employ more than 90 percent local workers during construction. The project is targeted for completion by year end.

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