September 11, 2020
Hunton Andrews Kurth LLP advised Duke Energy Corporation (“Duke Energy”) in connection with SEC-registered offerings of $650 million aggregate principal amount of its 0.90% Senior Notes due 2025 and $350 million aggregate principal amount of its 2.45% Senior Notes due 2030 (the “2030 Notes”). Duke Energy’s offering of the 2030 Notes constituted the reopening of a series of senior notes originally issued in May 2020.
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 7.8 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 535,000 customers located within southwestern Ohio and northern Kentucky. Duke Energy’s commercial renewables segment primarily acquires, builds, develops and operates wind and solar renewable generation throughout the continental United States, with utility-scale wind and solar generation assets totaling 2,282 megawatts across 19 states from 21 wind facilities, 126 solar projects, 11 fuel cell locations and one battery storage facility.
The Hunton Andrews Kurth team included Pete O’Brien, Christina Kwon, Brendan P. Harney and Flavia Vehbiu. Robert J. McNamara and Tim Strother provided tax advice.