Source: Marcus Navarro, KINSTON FREE PRESS, 6/8/21


Duke Energy says a proposal to break up its business into three regional operations would increase costs and put pressure on utility rates. The Charlotte, N.C.-based utility company said it will review Elliott Investment Management's proposal but it has rejected other offers the Florida-based hedge fund has made since last summer, according to a Duke Energy press release.
The proposal was publicized in a letter in May.

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