Duke Energy Gets $6 Billion Credit Line to Back Commercial Paper
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Duke Energy Corp., the energy company that’s buying Progress Energy Inc. to become the largest U.S. utility owner, got a $6 billion credit agreement to support its commercial paper program.
The five-year credit line replaces a $3.14 billion facility that was set to expire June 2012 and three Progress Energy facilities totaling about $2 billion, expiring in 2012 and 2013, the Charlotte, North Carolina-based company said today in a statement distributed by PRNewswire.