New York firm invests $6 billion into Duke Florida
August 7, 2025 - New York City-based Brookfield Asset Management will exchange $6 billion in cash for a 19.7% stake in Duke Energy Florida. The St. Petersburg-based utility's leadership believes the transaction, announced Tuesday, will unlock additional capital investments "during this unprecedented growth period." Duke reported a net income of $971 million in the second quarter, beating analysts' estimates.