---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-022610"
form_type: "8-K"
ticker: null
cik: "0001094093"
company_name: "PROGRESS ENERGY INC"
filed_at: "2026-03-03T23:59:59+00:00"
generated_at: "2026-05-15T21:59:32.340786+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Duke Energy closes initial $2.8B minority stake sale in Florida utility to Brookfield

## Summary
- First closing on March 3, 2026: Brookfield affiliate acquired 9.2% of Florida Progress for ~$2.8B.
- Future investments: $200M by Dec 2026, $500M by Jun 2027, $1.5B by Dec 2027, $1B by Jun 2028.
- Total eventual ownership for Brookfield: 19.7% of Florida Progress.
- Investor gets two of eleven board seats and limited governance and investor protection rights.
- Proceeds used to support Duke Energy Florida's capital needs and growth plans.

## SEC filing metadata
- accession: 0001104659-26-022610
- form_type: 8-K
- cik: 0001094093
- company_name: PROGRESS ENERGY INC
- filed_at: 2026-03-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1094093/000110465926022610/0001104659-26-022610-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/37637/000110465926022610/tm267351d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-022610
- JSON: https://secwatch.observer/filing/0001104659-26-022610.json
- Plain text: https://secwatch.observer/filing/0001104659-26-022610.txt

## Source-grounded claims
- claim_id: 9d29c0e7241a3dc4cfe090ea83e55e15da4654e4
  claim: PROGRESS ENERGY INC completed an acquisition involving Brookfield Super-Core Infrastructure Partners for approximately $2.8 billion (closed 2026-03-03).
  evidence_excerpt: 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. The First Closing will be followed by additional closings, with the following subsequent investments occurring no later than on the following timeline: (i) Investor will invest
  evidence_url: https://www.sec.gov/Archives/edgar/data/1094093/000110465926022610/0001104659-26-022610-index.htm
- claim_id: f975c6cba3f7bdbefeab14bc1f91dedbd91ac318
  claim: PROGRESS ENERGY INC entered into Amended and Restated Limited Liability Company Operating Agreement of Florida Progress with Investor (effective 2026-03-03).
  evidence_excerpt: On March 3, 2026, in connection with the First Closing, Investor, Florida Progress and Progress Energy entered into an Amended and Restated Limited Liability Company Operating Agreement of Florida Progress (the “LLC Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1094093/000110465926022610/0001104659-26-022610-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.