Duke Energy Buys Chilean Hydro Power Company
Dec 26th 2012 8:26PM
Updated Dec 26th 2012 8:30PM
Ibener comes with 140 megawatts of installed hydroelectric-generating capacity in the form of two river hydroelectric power plants, and makes for an "excellent addition to our existing South American hydroelectric power plants," according to Duke, which says it is also considering making additional growth projects in Latin American countries.
Duke expects to borrow about half the purchase price. Shares of the company are down 0.4% at $64.31 on the news.
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