FAQ: Duke Energy's Partnership with Brookfield in Duke Energy Florida

What is the main purpose of Duke Energy’s partnership with Brookfield?

The partnership aims to secure a $6 billion investment from Brookfield for a 19.7% non-controlling equity interest in Duke Energy Florida, enhancing the company’s ability to meet rapidly growing and evolving energy demands.

How much is Brookfield investing in Duke Energy Florida?

Brookfield is investing $6 billion for a 19.7% indirect equity interest in Duke Energy Florida.

What will the investment be used for?

The investment will support a $4 billion increase in Duke Energy Florida’s five-year capital plan, fund ongoing capital needs, and displace holding company debt.

Who will remain the majority owner and operator of Duke Energy Florida?

Duke Energy will remain the majority owner and operator of Duke Energy Florida, with no changes to the workforce, operations, or Florida leadership team.

What are the benefits of this partnership for Duke Energy?

The partnership enables a 100 basis point increase in Duke Energy’s long-term FFO/Debt target to 15%, supports a 5% to 7% EPS growth rate through 2029, and strengthens the company’s balance sheet.

How does this investment affect Duke Energy Florida’s capital plan?

The investment supports a $4 billion increase in Duke Energy Florida’s five-year capital plan, taking total investment in the state to over $16 billion through 2029.

What areas will Duke Energy Florida’s increased capital plan focus on?

The increased capital plan will focus on grid modernization and resiliency initiatives, as well as generation capacity enhancements to support the dynamic service territory and expanding customer base.

Who is Brookfield?

Brookfield is a leading infrastructure investor with over $200 billion in assets under management across the utilities, transport, midstream, and data sectors.

When was this partnership announced?

The partnership was announced on August 5, 2025.

Where is Duke Energy Florida’s service territory?

Duke Energy Florida serves 2 million customers across central and western Florida.