The utility company priced 35 million equity units at $50 each to bolster capital, structured as forward stock purchases.
Duke Energy priced a $1.75 billion equity units offering, issuing 35 million units at $50 each. The proceeds will support capital expenditures and balance sheet flexibility.
The offering follows recent market trends where utilities tap equity markets to fund infrastructure projects. Each unit consists of a forward stock purchase contract, deferring share issuance.
No immediate market reaction was disclosed, though such offerings typically dilute existing shareholders over time.