IPPs and Merchant Energy Co.s Message Board

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Strategies & Market Trends : IPPs and Merchant Energy Co.s

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To: Larry S. who started this subject	9/25/2002 7:20:59 AM
From: Oeconomicus	Read Replies (1) of 3358

Duke to offer 52 mln shares to repay debt Wednesday September 25, 7:02 am ET CHARLOTTE, N.C., Sept 25 (Reuters) - Power giant Duke Energy Inc. (NYSE:DUK - News) said on Wednesday it would make a public offering of 52 million shares and use the proceeds of about $1 billion to repay debt. The Charlotte, North Carolina-based company said it expects to sell the stock next week. biz.yahoo.com The underwriters better get out there and stir up some interest in the sector - they've a lot of DUK to sell.

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