U.S. power company Duke Energy will boost its infrastructure investments to $87 billion to meet soaring electricity demand, and will sell a portion of its Florida business to help provide funds, it said on Tuesday.

The forecasted Florida bump grows Duke’s total capex plan through 2029 to $87 billion. Executives are forecasting that the company’s load growth will accelerate to an annual rate of 3% to 4% starting in 2027 versus today’s rate of 1.5% to 2%.

This all-cash transaction will enhance Duke Energy's financial stability and support its energy modernisation strategy.

Duke Energy Corp. said Tuesday it has agreed to sell a 19.7-percent stake in its Florida business, Duke Energy Florida, to global investor Brookfield Asset Management for $6 billion in an all-cash deal.

Brookfield Renewable has acquired 19.7% indirect equity stake in US regional energy utility Duke Energy’s Florida portfolio.

Duke Energy agreed to sell a 19.7% indirect stake in its Duke Energy Florida business to Brookfield for $6B in cash, helping fund a $4B increase in the Florida unit's five-year capital plan.

Here's how one of Florida's largest utilities plans to use a multi-billion-dollar infusion to enhance reliability and support economic growth across the state.

Q2 2025 Management View President and CEO Harry K. Sideris began by announcing Brookfield Infrastructure's $6 billion minority investment in the Florida business, stating, "This transaction enables a material strengthening of our credit profile as we enter this period of significant growth as well as the

Here's how one of Florida's largest utilities plans to use a multi-billion-dollar infusion to enhance reliability and support economic growth across the state.