CHARLOTTE, N.C. - Duke Energy today announced completion of a $1.5-billion accelerated stock repurchase program, funded with proceeds from the sale of the companys Midwest Commercial Generation business.
Goldman, Sachs & Co., and JPMorgan Chase Bank, N.A., executed the program, which began April 6, 2015, under an agreement with Duke Energy.
The total number of shares retired under the program was approximately 19.8 million.
Approximately 16.6 million shares were retired upon the programs initiation; 3.2 million shares were retired upon the programs completion.
The total number of shares retired was based generally on the volume-weighted average share price of Duke Energys common stock during the programs term.
About Duke Energy
Duke Energy is the largest electric power holding company in the United States with approximately $121 billion in total assets. Its regulated utility operations serve approximately 7.3 million electric customers located in six states in the Southeast and Midwest.
Its commercial power and international energy business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.
Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com.