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%.

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.

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.

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

Duke Energy is partnering with infrastructure investor Brookfield, raising $6 billion in funds to increase capital to allow the electric utility to pay down company debt, maintain credit and expand the company’s existing capital plan.

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.

U.S. electric utility giant Duke Energy has agreed to sell an indirect 19.7% stake in its Florida business to infrastructure investor Brookfield for $6 billion in cash