Former regulator reacts to memo found during FOX Carolina News investigation foxcarolina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxcarolina.com Daily Mail and Mail on Sunday newspapers.
Duke Energy and GIC close first phase of minority investment in Duke Energy Indiana duke-energy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from duke-energy.com Daily Mail and Mail on Sunday newspapers.
Elliott demands Duke improve performance in Florida, Indiana; says C-suite driven by 'self-interest' utilitydive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from utilitydive.com Daily Mail and Mail on Sunday newspapers.
A Duke Energy crew repairs storm damage in Florida.
Charlotte-based Duke Energy and North Carolina political leaders are fighting back against a Florida hedge fund that wants to break up the company.
The fund,
Elliott Management, has a history of targeting public utilities by buying large stakes in the companies and pushing for corporate changes or divestments. In a letter to Duke s board released Monday, Elliott said it wants to split Duke into three separate companies based on geography the Carolinas, Florida and the Midwest. Elliott argues that Duke s Florida and Midwest utilities are undermanaged and undervalued and that the company would be worth more in pieces than combined.
/PRNewswire/ Below is Duke Energy s (NYSE: DUK) statement in response to Elliott Management s announcement today: Today s announcement by Elliott is the.