Duke Energy Florida — regulated utility serving 2.1M customers (~12.5 GW); 19.7% non-controlling equity interest
Brookfield invests $6B for 19.7% non-controlling stake in Duke Energy Florida via Super-Core Infrastructure. Duke retains 80.3% and continues operating. Largest utility minority stake transaction of 2025. $2B funds expanded $87B 5-year capital plan; $4B refinances holdco debt. Subject to FERC, CFIUS, NRC approvals. Foreshadows infrastructure-investor playbook for funding utility data center growth in fast-loading service territories. Kirkland & Ellis advised Brookfield.
$6.00B
Deal Value
12,500MW
Capacity
Hybrid
Technology
FL
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Duke Energy Corporation (retains 80.3%)
- Buyer / Financier
- Brookfield Asset Management (Super-Core Infrastructure)
- Deal Value
- $6.0B (phased: $2.8B Q1 2026 + $200M end-2026 + $2B 2027 + $1B 2028)
- Stage
- Operating
- ISO/RTO
- FRCC
- Source
- Duke Energy
Service Providers
Advisory & Legal
- Buyer Counsel
- Kirkland & Ellis
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