Duke Energy sells 50% stake in Pioneer Transmission LLC to John Laing Group, proceeds for clean energy transition.

Duke Energy (NYSE: DUK) has agreed to sell its 50% stake in Pioneer Transmission LLC to John Laing Group for an undisclosed amount. Proceeds from the sale will be invested in Duke Energy's clean energy transition in its state-regulated utilities. The sale is subject to approval from the Federal Energy Regulatory Commission and Indiana Utility Regulatory Commission, and expected to close by the end of 2024.

April 04, 2024
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