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July 03, 2022
Home » Duke Rejects Hedge Fund Elliott’s Breakup Pressure
The trimmed-down DOE budget going to the full House Appropriations Committee includes $1.68 billion to develop next-generation nuclear energy and improve the safety and economic viability of the current reactor fleet.
| Duke Energy
Duke Rejects Hedge Fund Elliott’s Breakup Pressure
Move Would Split Florida and Midwest from Duke’s Carolinas-based Operations
Backed by state leaders, Charlotte, N.C.-based Duke Energy (NYSE:DUK) on Monday rejected hedge fund Elliott Management’s proposal to break up the company into three regionally focused, publicly traded utilities. Elliott — whose management of funds invested in Duke make it one of the company’s top 10 investors, it claims —...
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