Duke Selling Some Generation Assets

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Duke Energy Corp. on Monday said it would sell Duke Energy North America’s power-generation assets outside the Midwest for about $1.5 billion to LS Power Equity Partners.


The sale is part of a plan Duke unveiled in September to exit most of its merchant power business, which it said it could not bring to a goal of break-even in 2006 without significant extra risks. But the sale plan excludes certain assets in the Midwest that Duke will keep and combine with Cinergy Corp., which it is acquiring.


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