Duke Energy announced it will sell a 19.7% indirect equity interest in its Florida business to Brookfield for $6 billion in cash. This significant investment will help fund a $4 billion increase in Duke Energy's capital spending plan.
Brookfield will acquire its indirect equity interest in Duke Energy Florida in phases, with $2.8 billion received at the first closing expected in early 2026, an additional $200 million by the end of 2026, $2 billion in 2027, and the remaining $1 billion in 2028. Duke Energy will retain an 80.3% interest and continue to operate the business.
This transaction represents a major strategic investment for Brookfield in a premier regulated utility, providing critical services to 2 million customers across central and western Florida. The investment is expected to generate stable long-term cash flows and supports Brookfield's patient strategy of investing in essential infrastructure assets.
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