Duke says it’s considering sale of international power plants

CHARLOTTE, N.C., Feb. 4, 2016 /PRNewswire/ — Duke Energy announced today it is considering the sale of all or a portion of its International Energy business segment. Headquartered in Houston, Texas, Duke Energy International owns power plants in Central andSouth America.

The company’s preparations are at a preliminary stage and no binding or non-binding offers have been requested or submitted. No assurance can be given that any process, if ultimately started, will result in a transaction.

Management will provide any updates during its regularly scheduled earnings call on Feb. 18.

Duke Energy International (DEI) facilities include approximately 4,400 megawatts of capacity in power plants in Argentina, Brazil, Chile, Ecuador, El Salvador, Guatemala and Peru. Two-thirds of the power plant portfolio is hydro and half are located in Brazil. The majority of the power generated by the plants is either contracted or receiving a capacity payment.

Duke Energy’s 25-percent equity investment in National Methanol Company, a Saudi Arabian regional producer of methanol and methyl tertiary butyl ether (MTBE), a gasoline additive, will not be included in this potential transaction.

The company made the announcement in light of a required statement made early Thursday by its Brazilian subsidiary, Duke Energy International, Geração Paranapanema S.A., which has publicly-traded securities in Brazil.

For a map and brief description of DEI’s operations and power plant locations, see https://www.duke-energy.com/about-us/businesses/international.asp.

About Duke Energy

Duke Energy is the largest electric power holding company in the United States. Its regulated utility operations serve approximately 7.3 million electric customers located in six states in the Southeast and Midwest, representing a population of approximately 23 million people. Its Commercial Portfolio 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.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com.