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Another Utility Holding Company Puts Retail Electric Supplier Up For Sale
Duke Energy confirmed to EnergyChoiceMatters.com that the recently announced sale process for its Midwest commercial generation business includes competitive retail electric supplier, Duke Energy Retail.
Specifically, Duke Energy provided the following statement to EnergyChoiceMatters.com: "Currently, Duke Energy Retail is included in the sales process along with our Midwest generation assets. At the same time, we’ll have more clarity once a buyer has been identified and the scope and terms of the transaction are in place."
Although the inclusion of Duke Energy Retail was expected, given that its primary purpose was to market or hedge generation from the Midwest assets, in announcing the Midwest generation exit, Duke had not explicitly said that the competitive retail supplier was included in the sale or that it otherwise was going to pursue an exit from the competitive retail electric business.
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February 19, 2014
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Copyright 2010-13 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com
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