Duke Energy to sell stake in Pioneer Transmission joint venture to John Laing
CHARLOTTE, N.C., April 4, 2024 /PRNewswire/ -- Duke Energy (NYSE:DUK) today announced it has reached an agreement to sell its 50% ownership interest in Pioneer Transmission LLC (Pioneer) to John Laing Group (John Laing), an international investor and active manager of core infrastructure assets.
Pioneer, a joint venture with American Electric Power (AEP), is a 42.5-mile, 765-kilovolt transmission line with its associated substation assets. The line was placed in service in 2018 and extends from Greentown Station to Reynolds Station – west of Lafayette, Ind. Pioneer is indepe
