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Duke Energy announces the notice of the redemption of all junior subordinated debtentures due Jan 15, 2073

Duke Energy announces the notice of the redemption of all junior subordinated debtentures due Jan 15, 2073

CHARLOTTE, N.C., Sept. 15, 2021 - The Duke Energy Corporation announced that it has issued a notice of redemption for all of its outstanding 5.125% junior subordinated debtentures due Jan.

The redemption price for debentures will be $25 (the principal amount of each sebenture) plus accrued and unpaid interest from July 15, 2021, to but excluding Oct. 7, 2020, in the The total principal amount of the debentures is $500 million.

On the date of the redemption, if the trustee had received sufficient funds to complete the recovery, the debentures will become due and payable and interest will cease to accrue. The paying agent for the debentures is The Bank of New York Mellon, Attn: Corporate Trust Window, 111 Sanders Creek Parkway, East Syracuse, N.Y. 13057.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company with headquarters in Charlotte, N.C., is the largest energy holding company in the United States. The utilities serve 7,9 million customers in North Carolina, South Carolina and Florida, and collectively own 51,000 megawatts of electricity capacity. In its natural gas unit, 1,6 million customers serve North Carolina, South Carolina and Tennessee, and carries approximately 30 million dollars of customers in the United States. The company employs 27 500 people.

Duke Energy executes an aggressive clean energy strategy to create a smarter energy future for its customers and communities with aims of at least 80% carbon reduction by 2030 and net zero emissions by 2050. The company is a top renewable energy provider in the United States, so it's able to sell or buy 166,000 megawatts of renewable power by 2025. The company also invests in major electric grid upgrades and expanded battery storage, and is exploring nuclear and hydrogen energy technologies such as advanced nuclear technologies.

Duke Energy was named to Fortune's 2021 "World't Most Admired Companies" list and Forbes' "America''S Best Employers" award. More information can be found at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. The illumination at Duke Energy features stories about people, innovations, community and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Forward-looking information.

This document includes forward-looking statements in the meaning of Section 27A of the Securities Act of 1933 and Section 21E of The Securities Exchange Act 1934. Generally speaking, forward-looking statements are often based on management's beliefs and assumptions and can be identified by terms and phrases that include "anticipate," "believe", "intend," or "dead," ("s These factors may cause actual results to materially differ from the predicted outcomes of forward-looking statements, and therefore, there is no guarantee that such results will be realized. For details on the uncertainties that may make our actual future results materially different from those expressed in our forward-looking statements, see our 2019 Form 10-K and Quarterly Reports on Form 10Q filed with the SEC and available on sec In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements may not occur or may occur to a different extent or at s different time than described. Forward-looking statements speak only at the date of the day they are made. Duke Energy expressly disclaims an obligation to publicly update or revise forward-looking statements, whether due to new information, future events or otherwise.

Meredith Archie800.559.3853 Contact with the media: Merred Archev 800.558.4353.

SOURCE Duke Energy SURCE.

Related Links

www.duke-energy.com

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