Brookfield to acquire a 19.7% stake in Duke Energy Florida from Duke Energy for $6bn.

Brookfield, an infrastructure investor, agreed to acquire a 19.7% stake in Duke Energy Florida from Duke Energy, an electric power and natural gas holding company, for $6bn. “For more than a century, we’ve had the privilege of serving extraordinary Florida communities, which are now some of the most dynamic and fastest growing in the nation. We’re pleased to have Brookfield, a highly regarded infrastructure investor, as a long-term partner in Duke Energy Florida. This significant transaction at a compelling valuation best positions Duke Energy to unlock additional capital investments in Duke Energy Florida during this unprecedented growth period. It also materially strengthens Duke Energy’s overall credit profile, which in turn enables us to invest in our energy modernization plans across our entire footprint – all while helping keep prices as low as possible for our customers," Harry Sideris, Duke Energy President and CEO.