M&A Deal Summary |
|
|---|---|
| Date | 2012-07-02 |
| Target | Progress Energy |
| Sector | Utilities |
| Buyer(s) | Duke Energy |
| Deal Type | Merger |
| Deal Value | 32.0B USD |
| Advisor(s) | Lazard Barclays Investment Bank (Financial) Hunton & Williams LLP (Legal) |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1904 |
| Sector | Energy Services and Equipment |
| Employees | 27,859 |
| Revenue | 30.4B USD (2024) |
Duke Energy is an electric power holding company that regulates utility operations that serves approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 11 million people. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States. Duke Energy was incorporated in 1904 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 12 |
| Sector: Utilities M&A | 2 of 2 |
| Type: Merger M&A Deals | 1 of 1 |
| State: North Carolina M&A | 3 of 4 |
| Country: United States M&A | 6 of 11 |
| Year: 2012 M&A | 2 of 2 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-01-01 |
Cimarron 2 Wind Project
United States
|
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-27 |
Broad River Energy
Gaffney, South Carolina, United States Broad River Energy is an 850 MW dual-fuel, simple-cycle power generation facility located in Gaffney, South Carolina that is fully committed to Duke Energy Progress under two long-term tolling agreements. Broad River utilizes 5 GE 7FA.03 gas turbine generators for the generation of electrical power. The units can be on the grid and supplying power within 15 minutes to help serve peak and emergency loads. |
Sell | $427M |
