Item 2.01 Completion of Acquisition or Disposition of Assets.
On December 22, 2022, Duke Energy Corporation ("Duke Energy"), along with
certain of its subsidiaries, consummated the second of two closings (the "Second
Closing") of a minority investment in Duke Energy Indiana, LLC ("DEI") by an
affiliate of GIC, a leading global investment firm based in Singapore with
significant investments in U.S. utilities and infrastructure companies, pursuant
to the previously announced Investment Agreement (the "Investment Agreement"),
dated January 28, 2021, by and among Cinergy Corp. ("Cinergy"), Duke Energy
Indiana Holdco, LLC ("DEI Holdco"), Duke Energy and Epsom Investment Pte. Ltd.
("Investor").
Pursuant to the Investment Agreement, at the Second Closing, DEI Holdco issued
and sold to Investor DEI Holdco membership interests equal to 8.85% of the DEI
Holdco membership interests issued and outstanding immediately after the Second
Closing, in exchange for $1,025,000,000. When combined with the 11.05% of the
DEI Holdco membership interests issued and sold to Investor in connection with
the previously announced first closing under the Investment Agreement which
occurred on September 8, 2021, Investor owns an aggregate of 19.9% of the DEI
Holdco membership interests issued and outstanding immediately after giving
effect to the Second Closing.
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