Duke Energy sets price of stock sale to cover Atlantic Coast Pipeline costs

Duke Energy Corp. has set a price of $86.45 per share on a stock sale of up to $2.5 billion as part of the utility’s new financing plan for its $3.7 billion portion of the Atlantic Coast Pipeline.

Charlotte-based Duke (NYSE: DUK) will use a forward sale with a consortium of eight banks to sell between 25 million and 28.7 million shares of stock, according to a filing it made Monday with the Securities and Exchange Commission. The sale is expected to close Thursday. 

Duke will sell 25 million shares…


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