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FERC has allowed a Singaporean government-owned investment firm to claim a 20% stake in Duke Energy Indiana over the concerns of public consumer groups.
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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