India, Aug. 5 -- Duke Energy (DUK) Tuesday reached a deal for Brookfield, through its Super-Core Infrastructure strategy, to hold a 19.7% indirect equity interest in Duke Energy Florida for an aggregate amount of $6 billion.
The investment represents a significant premium to Duke Energy's current public equity valuation. Two billion dollars of the proceeds from the transaction will fund Duke Energy's increased $87 billion, five-year capital plan and $4 billion will be used to displace holding company debt.
"For more than a century, we've had the privilege of serving extraordinary Florida communities, which are now some of the most dynamic and fastest growing in the nation," said Harry Sideris, president and chief executive officer. "We're...