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Duke Energy buys hydroelectric power plants in Chile

Posted December 26, 2012

Duke Energy's international arm, Duke Energy International (DEI), announced on Wednesday that it would purchase two hydroelectric power plants on rivers in Chile.

"Chile is an attractive market to grow our business and these assets are an excellent addition to our existing South American hydroelectric power plants," said Andrea Bertone, president of Duke Energy International.

The addition will give Duke access to 140 megawatts of capacity and the transaction is valued at $415 million.

 

4 Comments

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  • davidgnews Dec 26, 4:22 p.m.

    What, a 'bait and switch' rate increase ? White collar crime at its finest.

  • Scubagirl Dec 26, 2:11 p.m.

    so THIS is why they want a rate increase!?!?!?!?! I call BS in a major way!!!

  • lprop Dec 26, 1:59 p.m.

    I thought they just ask for a rate increase to cover their operating costs.

  • mfarmer1 Dec 26, 1:43 p.m.

    so how much did they pay?