- Blackstone Group (BX) and Riverstone Holdings have teamed up to bid on Duke Energy's (DUK) portfolio of 11 power plants in the Midwest, which could fetch ~$2.5B, WSJ reports.
- Energy-focused P-E firms Energy Investors Funds and Energy Capital Partners also reportedly submitted bids.
- Potential buyers are betting the business is positioned to benefit from a recovery in electricity prices, which have been driven down in part by the shale boom that has lowered the cost of natural gas.
Reported bid for Duke Energy's Midwest power plants could hit $2.5B
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