Duke draws $1 billion under its Master Credit Agreement
"In light of the uncertain market environment, we made this proactive financial decision to increase our liquidity and cash position and to bridge our access to the debt capital markets," said David Hauser, group executive and chief financial officer. "This improves our flexibility as we continue to execute our business plans."
With this draw, the company expects to have approximately $2 billion of cash and cash equivalents.
Duke Energy, one of the largest electric power companies in the United States, supplies and delivers electricity to approximately 4 million U.S. customers in its regulated jurisdictions. The company has approximately 35,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky.
In addition, Duke Energy has more than 4,000 megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company.
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VANCOUVER - The latest report on electricity usage in British Columbia reveals the COVID-19 pandemic has created an atmosphere where every day feels like a Saturday.
BC Hydro says overall power usage hasn't changed much but a survey of 500 people shows daily routines have shifted dramatically since mid-March when pandemic-related closures began.
The hydro report says, with nearly 40 per cent of B.C. residents working from home, power usage confirms almost half are sleeping in and eating breakfast later, while about a quarter say they are showering less.
Those patterns more closely resemble what hydro says is typical weekend power consumption as…
