US Duke Energy May Sell Bolivia Stake

US utility company Duke Energy may be concluding an agreement soon to sell its Bolivian assets, which include a 50% stake in a hydroelectric dam. The Corani dam, situated near the country’s third-largest city Cochabamba, is also operated by the North Carolina-based company. Duke Energy filed a notice with the US Securities and Exchange Commission which stated that, based on talks with a potential buyer, it expected to record a pre-tax charge of around $50 million for the asset in the last quarter of this year.