CHARLOTTE, N.C., Sept. 15, 2021 /PRNewswire/ -- Duke Energy
Corporation today announced that it has issued a notice of
redemption for all of its outstanding 5.125% Junior Subordinated
Debentures due Jan. 15, 2073 (NYSE: DUKH) (CUSIP: 26441C303)
("the debentures") at a redemption price ("redemption price") of
100% of the principal amount thereof plus accrued and unpaid
interest to but excluding October 7,
2021, the redemption date.
The redemption price for the debentures will be equal
to $25 (the principal amount of each debenture) plus
accrued and unpaid interest from July 15, 2021, to but
excluding Oct. 7, 2021, in the amount per debenture
of $0.2918402778. The total principal amount of the debentures
is $500 million.
On the redemption date, provided that the trustee has received
sufficient funds to complete the redemption, the debentures will
become due and payable and interest will cease to accrue. The
paying agent for the debentures is The Bank of New York Mellon,
Attn: Corporate Trust Window, 111 Sanders Creek
Parkway, East Syracuse, N.Y. 13057.
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in
Charlotte, N.C., is one of
America's largest energy holding companies. Its electric utilities
serve 7.9 million customers in North
Carolina, South Carolina,
Florida,
Indiana, Ohio and Kentucky, and collectively own 51,000
megawatts of energy capacity. Its natural gas unit serves 1.6
million customers in North
Carolina, South Carolina,
Tennessee, Ohio and Kentucky. The company employs 27,500
people.
Duke Energy is executing an aggressive clean energy strategy to
create a smarter energy future for its customers and communities –
with goals of at least a 50 percent carbon reduction by 2030 and
net-zero carbon emissions by 2050. The company is a top U.S.
renewable energy provider, on track to own or purchase 16,000
megawatts of renewable energy capacity by 2025. The company also is
investing in major electric grid upgrades and expanded
battery storage, and exploring zero-emitting power
generation technologies such as hydrogen and advanced
nuclear.
Duke Energy was named to Fortune's 2021 "World's Most Admired
Companies" list and Forbes' "America's Best Employers" list. More
information is available at duke-energy.com. The Duke Energy News
Center contains news releases, fact sheets, photos and videos. Duke
Energy's illumination features stories about people, innovations,
community topics and environmental issues. Follow Duke Energy
on Twitter, LinkedIn, Instagram and Facebook.
Forward-looking information
This document includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking
statements are based on management's beliefs and assumptions and
can often be identified by terms and phrases that include
"anticipate," "believe," "intend," "estimate," "expect,"
"continue," "should," "could," "may," "plan," "project," "predict,"
"will," "potential," "forecast," "target," "guidance," "outlook" or
other similar terminology. Various factors may cause actual results
to be materially different than the suggested outcomes within
forward-looking statements; accordingly, there is no assurance that
such results will be realized. For details on the uncertainties
that may cause our actual future results to be materially different
than those expressed in our forward-looking statements, see our
2019 Form 10-K and Quarterly Reports on Form 10-Q filed with the
SEC and available at the SEC's website at sec.gov. In light of
these risks, uncertainties and assumptions, the events described in
the forward-looking statements might not occur or might occur to a
different extent or at a different time than described.
Forward-looking statements speak only as of the date they are made.
Duke Energy expressly disclaims an obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
Media contact: Meredith
Archie
800.559.3853
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SOURCE Duke Energy