Duke’s international business unit is headquartered in Houston and owns power plants comprising a total of 4400 MW in Argentina, Brazil, Chile, Ecuador, El Salvador, Guatemala and Peru. Two-thirds of these plants are hydropower, with half of them in Brazil.
In a statement the company ” which is the largest US power company by generation capacity ” said that “preparations are at a preliminary stage and no binding or non-binding offers have been requested or submitted”.
The planned sell-off is part of the company’s bid to cut its exposure to unregulated markets in the US and internationally.
The international business has been hit by exchange rates and the plunge in energy prices.