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Article: Duke Energy Corp. is Added to Watch List.

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M2 Presswire
Article date:
June 6, 2007
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M2 PRESSWIRE-6 June 2007-Oil and Gas News: Duke Energy Corp. is Added to Watch List(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:06062007

Duke Energy is a John Wayne-sized power business. In 2006 the company bought Cinergy in a $9 billion stock swap. Following the deal, Duke Energy has 3.9 million electric customers in the US South and Midwest. Its Commercial Power unit has 8,700 MW of unregulated generation. Duke Energy International has 4,200 MW of generation (mostly in Latin America). Crescent Resources (a joint venture with Morgan Stanley Real Estate Fund) manages land holdings and develops real estate projects. Reorganizing its operations as a pure play ...

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