The ratings on Duke Energy Corp. reflect the consolidated credit profiles of its operating subsidiaries, Duke Energy Carolinas LLC, Duke Energy Ohio Inc., Duke Energy Indiana Inc., Duke Energy Kentucky Inc., as well as the contribution of the company's Latin American operations and existing and planned renewable generation investments. Duke Energy's 'excellent' business risk profile is characterized by stable regulated utility operations in the Carolinas, Ohio, Kentucky, and Indiana. The company's operations in Latin America consist of about 4,000 megawatts (MW) of generation capacity. Duke is planning to expand its portfolio of wind and solar generation investments, currently at about 790 MW, which are viewed as having higher business risk compared with the regulated utility operations. Duke Energy's large and
