to consider separating into three companies, in what would be a major transformation of one of the nation’s biggest utilities.
Elliott is seeking board seats at Duke and wants the company to form a strategic-review committee that would explore the possibility of a tax-free separation of the utility into three companies, according to people familiar with the matter. The three companies would be based on the three major geographies it serves: the Carolinas, Florida and parts of the Midwest.
Charlotte, N.C.-based Duke, which has a market value of around $65 billion, provides electricity to nearly eight million customers in six states including the Carolinas, some Midwestern states and Florida. It distributes natural gas to 1.6 million customers in Ohio, Kentucky, Tennessee and the Carolinas.
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Israeli attacks on the Palestinians are against international law and basic morality and must come to an immediate end. We urge the world to take action now to stop the new waves of Israeli aggression. HopeToGaza
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