DUKE ENERGY SELLS NEW MEXICO FACILITY
The sale includes the partially completed 570-megawatt, combined-cycle generating facility located near
“With the sale of the Luna project, we are continuing to deliver on our plan to divest our partially completed merchant facilities, further reducing our exposure in the merchant sector,” said Fred Fowler, president and chief operating officer of Duke Energy.
This year, Duke Energy has announced or closed asset sales that will provide the company with approximately $3.1 billion in proceeds including $750 million in tax benefits, and $840 million in debt reductions, significantly exceeding its 2004 divestiture target.
A reconciliation of any non-GAAP measures in this release to the most directly comparable GAAP measures is available on our investor relations Web site at: http://www.duke-energy.com/investors/publications/gaap/.
Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in