Infrastructure Investment

California American Water broke ground on its new West Sacramento headquarters, a 40,000 sq ft facility slated for completion in Fall 2026. The move signifies a significant investment in infrastructure and commitment to California and Hawaii, consolidating operations for improved efficiency and customer service. The facility will serve as a central hub, incorporating sustainable design and advanced technologies like smart water metering to address challenges of aging infrastructure and climate change. The event was attended by local leaders and project partners, highlighting the project’s economic significance.

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.