CHARLOTTE, N.C., Nov. 10, 2014 /PRNewswire/ -- Duke Energy today announced that the United States Department of Justice and the Federal Trade Commission have granted early termination of the Hart-Scott-Rodino Act waiting period, marking another milestone in the sale of its non-regulated Commercial Midwest Generation assets and retail business to Dynegy Inc.
Duke Energy announced Aug. 22 that Dynegy would buy its non-regulated Midwest Commercial Generation Business for $2.8 billion in cash. This transaction includes ownership interests in 11 power plants, with a capacity of approximately 6,100 megawatts, and Duke Energy Retail Sales, the company's competitive retail business in Ohio.
The completion of the transaction is conditioned on approval from the Federal Energy Regulatory Commission and is expected to close by the end of the first quarter of 2015.
About Duke Energy
Duke Energy is the largest electric power holding company in the United States with more than $115 billion in total assets. Its regulated utility operations serve approximately 7.2 million electric customers located in six states in the Southeast and Midwest. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.
Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com.
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SOURCE Duke Energy