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DUK Jun 2024 80.000 put

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  • Reuters

    Duke Energy seeks take-or-pay power contracts for data centers

    Duke Energy is pursuing electricity supply contract terms with data centers that include take-or-pay and up-front infrastructure build out payments to guard against volatility in the energy-intensive computing industry, its chief financial officer told Reuters on Tuesday. The Charlotte, North Carolina-based utility is requesting so-called "minimum take" clauses that require the centers to pay for a certain amount of power regardless of how much it uses, CFO Brian Savoy said. The company is also considering agreements that would require up-front contributions to build new power infrastructure for the centers.