Divesture

Duke Sells Asia-Pacific Assets for $1.2B, Unloads Surplus Power Equipment

Duke Energy continued a major divesture program last week, selling about $138 million in surplus power generation and power plant equipment to two separate counterparties and unloading US$1.238 billion (A$1.69 billion) in pipeline and power plant assets in Australia and New Zealand to Australian combination utility company Alinta Ltd.

March 22, 2004