Shutters

As part of Duke Energy’s ongoing divestment of non-core assets, the company announced Friday that it will exit the merchant finance business at its wholly-owned subsidiary, Duke Capital Partners LLC. The unit provides capital and financial advisory services to other companies within the energy industry.

After failing to locate a purchaser for Canadian-based energy trader Engage Energy, Duke Energy confirmed last week that it has decided to close down the division and consolidate some of its operations. The Canadian natural gas and power marketing operation was a division of Westcoast Energy, which Duke purchased in March (see NGI, March 11).