DUKE ENERGY ANNOUNCES AGREEMENT TO SELL DUTCH GAS MARKETING BUSINESS
“The proposed sale is consistent with Duke Energy’s plan to sell non-core businesses and reduce its risk profile,” said Richard K. McGee, president of DEI. “As a result of this sale, we will also commence the wind-up of our remaining European marketing operations, which we expect to complete next year.”
The carrying value of this business was approximately $60 million as of
Duke Energy International (DEI), a wholly owned subsidiary of Duke Energy, is one of the world’s leading international energy companies offering energy marketing, risk management, natural gas and power development expertise and operations services across
Duke Energy is a diversified multinational energy company with an integrated network of energy assets and expertise. The company manages a dynamic portfolio of natural gas and electric supply, delivery and trading businesses – meeting the energy needs of customers throughout
This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although Duke Energy believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include legislative and regulatory developments; general economic conditions, including any potential effects arising from terrorist attacks, the situation in Iraq and any consequential hostilities or other hostilities; the level of creditworthiness of counterparties to Duke Energy’s transactions; the timing and extent of changes in commodity prices for oil, natural gas, coal, electricity and interest rates; the timing and success of efforts to develop domestic and international power, pipeline, gathering, processing and other infrastructure projects; conditions of the capital markets and equity markets during the periods covered by the forward-looking statements; and other factors discussed in Duke Energy's filings with the Securities and Exchange Commission.