Source: WUNC, 5/18/21


Charlotte-based Duke Energy and North Carolina political leaders are fighting back against a Florida hedge fund that wants to break up the company. The fund, Elliott Management, has a history of targeting public utilities by buying large stakes in the companies and pushing for corporate changes or divestments. In a letter to Duke's board released Monday, Elliott said it wants to split Duke into three separate companies based on geography — the Carolinas, Florida and the Midwest.

For more of this story, click here.