After AES Corp. recently pulled the sale of its unregulated power generation business, many industry participants started to question whether Duke Energy Corp. would be able to transact on a similar business it has out in the market right now. However, in an August 7 earnings call, Duke CEO Lynn Good said AES's decision to sideline its sale had no impact on Duke's process. Sources are telling The Deal that the auction is strong and on track for an announcement after Labor Day. Duke, with a $50 billion market capitalization, is among a number of companies looking to reduce their exposure to the competitive power markets through merchant power plant divestitures.
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