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Duke Energy and Brookfield Partner, Expanding Capital Plan to $87 Billion
Duke Energy finalized a $6 billion deal with Brookfield, giving Brookfield a 19.7% stake in Duke Energy Florida (DEF). This partnership injects $4 billion into DEF’s $87 billion five-year capital plan to meet growing energy demand. Valued attractively, the deal raises Duke Energy’s FFO/Debt target by 100 bps to 15%, supporting a 5-7% EPS growth through 2029. Duke Energy retains majority ownership and operational control, with no workforce or leadership changes planned for DEF.
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Sitka Gold Corp. has discovered a third intrusion-related gold deposit at its RC Gold Project in Yukon’s Tombstone Gold Belt. Initial drilling in 2023 revealed promising gold mineralization, further solidifying the project’s potential. This new discovery highlights Sitka’s ongoing success in identifying and developing gold resources in a highly prospective region. The RC Gold Project is rapidly becoming a key asset for the company.