Florida Progress, LLC, an indirect subsidiary of Duke Energy Corporation, plans to complete the first closing of an investment agreement with Peninsula Power Holdings L.P., an affiliate of Brookfield Super-Core Infrastructure Partners, on March 3, 2026. The investor is expected to pay $2.8 billion for newly issued membership interests, resulting in a 9.2% ownership stake in Florida Progress, with additional investments scheduled through June 30, 2028.
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