Latin America Exit: Focusing on Core U.S. Operations

Duke Energy going forward is focused almost exclusively on its core U.S. operations.

The company in 2016 sold its international assets in Central America and South America in two separate transactions. Selling these assets was an important transition in our goal to deliver more predictable growth.

The company’s highly stable U.S. regulated utilities in seven states – combined with its similarly stable renewable energy, electric transmission and natural gas businesses across the U.S. – now comprise almost all of the company’s operations.

Duke Energy sold its assets in Brazil to China Three Gorges Corp. Those assets consisted of 10 hydroelectric generation plants – eight plants totaling 2,057 megawatts (MW) on the border between Sao Paulo and Parana states; and two plants totaling 33 MW on the Sapucai Mirim River in Sao Paulo state.

Duke Energy sold its assets in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina to I Squared Capital. Those assets consisted of hydroelectric and thermal power plants, totaling 2,300 MW, plus transmission infrastructure and natural gas processing facilities.

Duke Energy continues to hold a 25 percent equity investment in National Methanol Company, a Saudi Arabian producer of a gasoline additive.

The company’s highly stable U.S. regulated utilities in seven states – combined with its similarly stable renewable energy, electric transmission and natural gas businesses across the U.S. – now comprise almost all of the company’s operations.