Hunton Andrews Kurth Advises Duke Energy Corporation in its Offering of $500 Million Aggregate Principal Amount of Junior Subordinated Debentures

Hunton Andrews Kurth LLP advised Duke Energy Corporation (Duke Energy) in connection with an SEC-registered offering of $500 million aggregate principal amount of its 5.625% Junior Subordinated Debentures due 2078.

Duke Energy, together with its subsidiaries, is a diversified energy company headquartered in Charlotte, North Carolina with both regulated and unregulated utility operations. Duke Energy conducts its business through three operating business segments. Duke Energy’s electric utilities and infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.6 million customers within the Southeast and Midwest regions of the United States. Duke Energy’s gas utilities and infrastructure segment serves over 1.5 million customers, including more than 1 million customers located in North Carolina, South Carolina and Tennessee. Duke Energy’s commercial renewables segment primarily acquires, builds, develops and operates wind and solar renewable generation throughout the continental United States, with utility-scale wind and solar generation assets totaling 2,907 megawatts across 14 states from 21 wind farms and 63 solar farms.

The Hunton team included Pete O’Brien, Christina Kwon and Patrick Jamieson. Cary Tolley and Kim Nolte provided tax advice.