Duke Energy’s $2B deal with Singapore raises eyebrows

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One thought on “Duke Energy’s $2B deal with Singapore raises eyebrows

  1. AES., The parent corporation of AES Indiana, sold a sizable interest (maybe 1/3) in what was IPL, sometime in maybe the 2010 to an investment group in China. I think they were thinking AES would get their toe in the door to expand business in China and I don’t think it ever happened.

    What was funny is that the transaction raised a LOT of money for AES, but the next year there were budget cuts as AES realized that selling part of IPL meant splitting the profits.

    I don’t think that transaction was even reported in IBJ because all of the deal was done by the headquarters in Arlington VA.

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