Peninsula Power Holdings L.P. /
Florida Progress, LLC
Peninsula Power Holdings L.P. agrees to buy Florida Progress, LLC
Source for the buyer and target: Duke Energy Corp
For the buyer and target.
“Pursuant to the previously announced Investment Agreement (the “Investment Agreement”), dated August 4, 2025, by and among Progress Energy, Inc. (“Progress Energy”) and Florida Progress, LLC (“Florida Progress”), Duke Energy and Peninsula Power Holdings L.P. (“Investor”), at the First Closing on March 3, 2026, Florida Progress issued and sold to Investor a number of Florida Progress membership interests equal to 9.2% of the Florida Progress membership interests issued and outstanding immediately after the First Closing in exchange for approximately $2.8 billion.”
Published 3 Mar 2026
Open the sourceWhat happened
Peninsula Power Holdings L.P. agreed to acquire Florida Progress, LLC for approximately $2.8 billion, according to a filing dated March 3, 2026. [01]
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Peninsula Power Holdings L.P. agrees to buy Florida Progress, LLC
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Announced
“Peninsula Power Holdings L.P. agrees to buy Florida Progress, LLC Peninsula Power Holdings L.P. agreed to acquire Florida Progress, LLC for approximately $2.8 billion, according to a filing dated March 3, 2026”
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