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.

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.

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.

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

Brookfield will invest in Florida Progress, which owns Duke Energy Florida. The firm will acquire its interest in phases, with Florida Progress receiving $2.8 billion in early 2026 and another $200 million by the end of 2026. An additional $2 billion will be received in 2027, and the remaining $1 billion, in 2028.

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.