Duke Energy Sells Brazilian Assets for $1.2 Billion; No Fair Value Estimate Change
We are reaffirming our $84 per share fair value estimate, narrow economic moat, and stable moat trend ratings after Duke Energy disclosed plans to sell its Brazilian generation assets to China Three Gorges Corporation for $1.2 billion in enterprise value.The sale of Duke's 2.1 GW Brazilian generation fleet is in line with our $2.3 billion enterprise value for Duke's International segment, which includes 2.3 GW of additional generation facilities in Chile and Peru. We expect management to annou...
Duke Energy is a holding company. Through its subsidiaries, the company operates as an energy company. The company's segments include: Electric Utilities and Infrastructure, which provides retail electric service through the generation, transmission, distribution and sale of electricity to customers within the Southeast and Midwest regions of the United States; Gas Utilities and Infrastructure, which conducts natural gas operations, as well as owns, operates and has investments in various pipeline transmission and natural gas storage facilities; and Commercial Renewables, which acquires, develops, builds, operates and owns wind and solar renewable generation throughout the continental United States.
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