{"id":535763,"date":"2021-09-08T11:00:41","date_gmt":"2021-09-08T15:00:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/"},"modified":"2021-09-08T11:00:41","modified_gmt":"2021-09-08T15:00:41","slug":"duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/","title":{"rendered":"Duke Energy and GIC close first phase of minority investment in Duke Energy Indiana"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">&#8211; GIC acquires 11.05% minority interest in Duke Energy Indiana for $1.025 billion in first of two-phase closing; will ultimately acquire 19.9% minority interest for $2.05 billion.<\/h2>\n<h2 class=\"xn-hedline\">&#8211; Transaction addresses Duke Energy&#8217;s equity needs in five-year plan; helps fund company&#8217;s $59 billion capital plan focused on clean energy investments.<\/h2>\n<h2 class=\"xn-hedline\">&#8211; Duke Energy to remain majority owner and sole operator of DEI.<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">CHARLOTTE, N.C.<\/span>, <span class=\"xn-chron\">Sept. 8, 2021<\/span> \/PRNewswire\/ &#8212; Duke Energy (NYSE: DUK) today announced it has completed the first of a two-phase sale transaction with GIC, receiving cash proceeds of <span class=\"xn-money\">$1.025 billion<\/span> in exchange for an 11.05% minority interest sale of Duke Energy Indiana (DEI), a subsidiary of Duke Energy, to an affiliate of GIC Private Limited, <span class=\"xn-location\">Singapore&#8217;s<\/span> sovereign wealth fund and an experienced investor in U.S. infrastructure.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/660545\/Duke_Energy_New_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/660545\/Duke_Energy_New_Logo.jpg\" title=\"(PRNewsfoto\/Duke Energy)\" alt=\"(PRNewsfoto\/Duke Energy)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Under the <a target=\"_blank\" href=\"https:\/\/news.duke-energy.com\/releases\/duke-energy-partners-with-gic-to-secure-minority-investment-in-duke-energy-indiana-increases-long-term-eps-growth-rate\" rel=\"nofollow noopener\">previously announced agreement<\/a>, GIC\u00a0will acquire a 19.9% indirect minority interest in Duke Energy Indiana for a total purchase\u00a0price of\u00a0$2.05\u00a0billion in two separate phases. Proceeds from this transaction will help fund the company&#8217;s <span class=\"xn-money\">$59 billion<\/span> capex plan and satisfy all equity capital raising needs through 2025. Duke Energy has the discretion to determine the timing of the second closing, but it will occur no later than <span class=\"xn-chron\">January 2023<\/span>. <\/p>\n<p>&#8220;We are pleased to have GIC as a long-term investor in DEI, underscoring the value and growth potential of our <span class=\"xn-location\">Indiana<\/span> operations,&#8221; said <span class=\"xn-person\">Lynn Good<\/span>, Duke Energy&#8217;s chair, president and chief executive officer. &#8220;This transaction will allow us to accelerate our clean energy strategy across our regulated utilities and continue delivering sustainable value to our customers, communities and investors.&#8221;<\/p>\n<p>&#8220;Our commitment to <span class=\"xn-location\">Indiana<\/span> is strong and steady. This partnership with GIC reflects the extraordinary value\u00a0Duke Energy and its employees have\u00a0and will continue to create here in <span class=\"xn-location\">Indiana<\/span>,&#8221; said <span class=\"xn-person\">Stan Pinegar<\/span>, DEI state president. &#8220;Delivering safe, reliable, affordable and increasingly cleaner energy to our customers and serving our communities is our top priority.&#8221;<\/p>\n<p>\n        <span class=\"xn-person\">Ang Eng Seng<\/span>, GIC&#8217;s Chief Investment Officer of Infrastructure, said, &#8220;As a long-term investor, GIC strongly believes that companies focused on meaningful sustainability practices will create better risk-adjusted returns over the long term. We are committed to actively engaging with Duke Energy&#8217;s management team to support their clean energy transition goals and build long-term sustainable value.&#8221;<\/p>\n<p>\n        <b>Transaction structure<\/b>\n      <\/p>\n<p>GIC is investing in an intermediate holding company of which DEI is a wholly owned subsidiary. In connection with the completion of the sale, GIC has received certain limited rights commensurate with its minority stake.<\/p>\n<p>The transaction received approval from the Federal Energy Regulatory Commission (FERC) and the Committee on Foreign Investment in <span class=\"xn-location\">the United States<\/span> (CFIUS).<\/p>\n<p>J.P. Morgan Securities LLC served as Duke Energy&#8217;s lead financial advisor, and Centerview Partners also served as a financial advisor. Skadden, Arps, Slate, Meagher &amp; Flom LLP served as Duke Energy&#8217;s legal advisor. <\/p>\n<p>Barclays served as GIC&#8217;s exclusive financial advisor. Sidley Austin LLP served as GIC&#8217;s lead legal advisor alongside Steptoe &amp; Johnson LLP and Ice Miller LLP.<\/p>\n<p>\n        <b>Duke Energy<\/b>\n      <\/p>\n<p>Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in <span class=\"xn-location\">Charlotte, N.C.<\/span>, is one of America&#8217;s largest energy holding companies. Its electric utilities serve 7.9 million customers in <span class=\"xn-location\">North Carolina<\/span>, <span class=\"xn-location\">South Carolina<\/span>, <span class=\"xn-location\">Florida<\/span>, <span class=\"xn-location\">Indiana<\/span>, <span class=\"xn-location\">Ohio<\/span> and <span class=\"xn-location\">Kentucky<\/span>, and collectively own 51,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in <span class=\"xn-location\">North Carolina<\/span>, <span class=\"xn-location\">South Carolina<\/span>, <span class=\"xn-location\">Tennessee<\/span>, <span class=\"xn-location\">Ohio<\/span> and <span class=\"xn-location\">Kentucky<\/span>. The company employs 27,500 people.<\/p>\n<p>Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities \u2013 with goals of at least a 50 percent carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to own or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear.<\/p>\n<p>Duke Energy was named to Fortune&#8217;s 2021 &#8220;World&#8217;s Most Admired Companies&#8221; list and Forbes&#8217; &#8220;America&#8217;s Best Employers&#8221; list. More information is available at\u00a0<a target=\"_blank\" href=\"http:\/\/www.duke-energy.com\/\" rel=\"nofollow noopener\">duke-energy.com<\/a>. The\u00a0<a target=\"_blank\" href=\"http:\/\/news.duke-energy.com\/\" rel=\"nofollow noopener\">Duke Energy News Center<\/a>\u00a0contains news releases, fact sheets, photos and videos. Duke Energy&#8217;s <a target=\"_blank\" href=\"http:\/\/illumination.duke-energy.com\/\" rel=\"nofollow noopener\">illumination<\/a>\u00a0features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on\u00a0<a target=\"_blank\" href=\"https:\/\/twitter.com\/dukeenergy\" rel=\"nofollow noopener\">Twitter<\/a>,\u00a0<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/duke-energy-corporation\" rel=\"nofollow noopener\">LinkedIn<\/a>,\u00a0<a target=\"_blank\" href=\"https:\/\/www.instagram.com\/duke_energy\" rel=\"nofollow noopener\">Instagram<\/a>\u00a0and\u00a0<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/dukeenergy\" rel=\"nofollow noopener\">Facebook<\/a>.<\/p>\n<p>\n        <b>About\u00a0GIC<\/b>\n      <\/p>\n<p>GIC is a leading global investment firm established in 1981 to secure <span class=\"xn-location\">Singapore&#8217;s<\/span> financial future. As the manager of <span class=\"xn-location\">Singapore&#8217;s<\/span> foreign reserves, we take a long-term, disciplined approach to investing, and are uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. Our long-term approach, multi-asset capabilities, and global connectivity enable us to be an investor of choice. We seek to add meaningful value to our investments. Headquartered in <span class=\"xn-location\">Singapore<\/span>, we have a global talent force of over 1,800 people in 10 key financial cities and have investments in over 40 countries. For more information, please visit <a target=\"_blank\" href=\"https:\/\/www.gic.com.sg\/\" rel=\"nofollow noopener\">gic.com.sg<\/a>\u00a0or follow us on <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/163988\/\" rel=\"nofollow noopener\">LinkedIn<\/a>. <\/p>\n<p>\n        <b>Non-GAAP Reconciliation<\/b>\n      <\/p>\n<p>Duke Energy Corporation&#8217;s (Duke Energy) materials for the GIC Investment in Duke Energy Indiana include a reference to the forecast 2021 adjusted EPS guidance range of <span class=\"xn-money\">$5.00<\/span> to <span class=\"xn-money\">$5.30<\/span> per share, with a midpoint of approximately <span class=\"xn-money\">$5.15<\/span> per share. The materials also reference the long-term range of annual growth of 5%-7% off the midpoint of the 2021 adjusted EPS guidance range, revised up from 4%-6%. The forecast adjusted EPS is a non-GAAP financial measure as it represents basic EPS available to Duke Energy Corporation common stockholders, adjusted for the per share impact of special items. Special items represent certain charges and credits, which management believes are not indicative of Duke Energy&#8217;s ongoing performance. <\/p>\n<p>Management believes the presentation of adjusted EPS provides useful information to investors, as it provides them with an additional relevant comparison of Duke Energy&#8217;s performance across periods. Management uses this non-GAAP financial measure for planning and forecasting and for reporting financial results to the Duke Energy Board of Directors, employees, stockholders, analysts and investors. Adjusted EPS is also used as a basis for employee incentive bonuses. <\/p>\n<p>The most directly comparable GAAP measure for adjusted EPS is reported basic EPS available to Duke Energy Corporation common stockholders. Due to the forward-looking nature of this non-GAAP financial measure for future periods, information to reconcile it to the most directly comparable GAAP financial measure is not available at this time, as management is unable to project all special items for future periods, such as legal settlements, the impact of regulatory orders or asset impairments.<\/p>\n<p>\n        <b>Forward-Looking Information<\/b>\n      <\/p>\n<p>This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on management&#8217;s beliefs and assumptions and can often be identified by terms and phrases that include &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;continue,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;may,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; &#8220;predict,&#8221; &#8220;will,&#8221; &#8220;potential,&#8221; &#8220;forecast,&#8221; &#8220;target,&#8221; &#8220;guidance,&#8221; &#8220;outlook&#8221; or other similar terminology. Various factors may cause actual results to be materially different than the suggested outcomes within forward-looking statements; accordingly, there is no assurance that such results will be realized. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see our 2019 Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC and available at the SEC&#8217;s website at sec.gov. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than described. Forward-looking statements speak only as of the date they are made. Duke Energy expressly disclaims an obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. <\/p>\n<p>Duke Energy media contact: <span class=\"xn-person\">Meredith Archie<\/span><br \/>800.559.3853<\/p>\n<p>Duke Energy analysts contact: <span class=\"xn-person\">Jack Sullivan<\/span><br \/>980.373.3564<\/p>\n<p>GIC media contact: <span class=\"xn-person\">Katy Conrad<\/span><br \/>212.856.2407<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL99531&amp;sd=2021-09-08\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana-301371529.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana-301371529.html<\/a><\/p>\n<p>SOURCE  Duke Energy<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL99531&amp;Transmission_Id=202109081057PR_NEWS_USPR_____CL99531&amp;DateId=20210908\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8211; GIC acquires 11.05% minority interest in Duke Energy Indiana for $1.025 billion in first of two-phase closing; will ultimately acquire 19.9% minority interest for $2.05 billion. &#8211; Transaction addresses Duke Energy&#8217;s equity needs in five-year plan; helps fund company&#8217;s $59 billion capital plan focused on clean energy investments. &#8211; Duke Energy to remain majority owner and sole operator of DEI. PR Newswire CHARLOTTE, N.C., Sept. 8, 2021 \/PRNewswire\/ &#8212; Duke Energy (NYSE: DUK) today announced it has completed the first of a two-phase sale transaction with GIC, receiving cash proceeds of $1.025 billion in exchange for an 11.05% minority interest sale of Duke Energy Indiana (DEI), a subsidiary of Duke Energy, to an affiliate of GIC Private Limited, Singapore&#8217;s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Duke Energy and GIC close first phase of minority investment in Duke Energy Indiana&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-535763","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Duke Energy and GIC close first phase of minority investment in Duke Energy Indiana - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duke Energy and GIC close first phase of minority investment in Duke Energy Indiana - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"&#8211; GIC acquires 11.05% minority interest in Duke Energy Indiana for $1.025 billion in first of two-phase closing; will ultimately acquire 19.9% minority interest for $2.05 billion. &#8211; Transaction addresses Duke Energy&#8217;s equity needs in five-year plan; helps fund company&#8217;s $59 billion capital plan focused on clean energy investments. &#8211; Duke Energy to remain majority owner and sole operator of DEI. PR Newswire CHARLOTTE, N.C., Sept. 8, 2021 \/PRNewswire\/ &#8212; Duke Energy (NYSE: DUK) today announced it has completed the first of a two-phase sale transaction with GIC, receiving cash proceeds of $1.025 billion in exchange for an 11.05% minority interest sale of Duke Energy Indiana (DEI), a subsidiary of Duke Energy, to an affiliate of GIC Private Limited, Singapore&#8217;s &hellip; Continue reading &quot;Duke Energy and GIC close first phase of minority investment in Duke Energy Indiana&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-08T15:00:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/660545\/Duke_Energy_New_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Duke Energy and GIC close first phase of minority investment in Duke Energy Indiana\",\"datePublished\":\"2021-09-08T15:00:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\\\/\"},\"wordCount\":1314,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/660545\\\/Duke_Energy_New_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\\\/\",\"name\":\"Duke Energy and GIC close first phase of minority investment in Duke Energy Indiana - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/","og_locale":"en_US","og_type":"article","og_title":"Duke Energy and GIC close first phase of minority investment in Duke Energy Indiana - Market Newsdesk","og_description":"&#8211; GIC acquires 11.05% minority interest in Duke Energy Indiana for $1.025 billion in first of two-phase closing; will ultimately acquire 19.9% minority interest for $2.05 billion. &#8211; Transaction addresses Duke Energy&#8217;s equity needs in five-year plan; helps fund company&#8217;s $59 billion capital plan focused on clean energy investments. &#8211; Duke Energy to remain majority owner and sole operator of DEI. PR Newswire CHARLOTTE, N.C., Sept. 8, 2021 \/PRNewswire\/ &#8212; Duke Energy (NYSE: DUK) today announced it has completed the first of a two-phase sale transaction with GIC, receiving cash proceeds of $1.025 billion in exchange for an 11.05% minority interest sale of Duke Energy Indiana (DEI), a subsidiary of Duke Energy, to an affiliate of GIC Private Limited, Singapore&#8217;s &hellip; Continue reading \"Duke Energy and GIC close first phase of minority investment in Duke Energy Indiana\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/","og_site_name":"Market Newsdesk","article_published_time":"2021-09-08T15:00:41+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/660545\/Duke_Energy_New_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Duke Energy and GIC close first phase of minority investment in Duke Energy Indiana","datePublished":"2021-09-08T15:00:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/"},"wordCount":1314,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/660545\/Duke_Energy_New_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-and-gic-close-first-phase-of-minority-investment-in-duke-energy-indiana\/","name":"Duke Energy and GIC close first phase of minority investment in Duke Energy Indiana - 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