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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