Hunton Andrews Kurth advises Duke Energy Corporation in its offering of 28,750,000 Shares of Common Stock

Hunton Andrews Kurth LLP advised Duke Energy Corporation (“Duke Energy” or the “Company”) in connection with an SEC-registered offering of 28,750,000 shares of common stock of the Company (which included the underwriters’ full exercise of their option to purchase an additional 3,750,000 shares of the Company’s common stock), which were borrowed from third party stock lenders by JPMorgan Chase Bank, National Association, as forward counterparty, and subsequently sold to the underwriters for sale in the offering.

Duke Energy, together with its subsidiaries, is a diversified energy company headquartered in Charlotte, North Carolina with both regulated and unregulated utility operations. Duke Energy conducts its business through three operating business segments. Duke Energy’s electric utilities and infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.7 million customers within the Southeast and Midwest regions of the United States. Duke Energy’s gas utilities and infrastructure segment serves over 1.6 million customers, including more than 1.1 million customers located in North Carolina, South Carolina and Tennessee, and an additional 531,000 customers located within southwestern Ohio and northern Kentucky. Duke Energy's Commercial Renewables segment is primarily comprised of nonregulated utility-scale wind and solar generation assets located throughout the U.S. On April 24, 2019, Duke Energy executed an agreement to sell a minority interest in a portion of certain renewable assets. The sale closed on September 6, 2019, and resulted in pretax proceeds to Duke Energy of $415 million.

The Hunton Andrews Kurth team included Peter O’Brien, Christina Kwon, Brendan Harney and Michelle G. Chan. Joseph Buonanno provided advice on the forward component and Robert McNamara provided tax advice.