Snapshot
November 06, 2014

Duke Energy signs on as official sponsor for Charlotte Hornets

Participating in this sponsorship deal:

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About Sponsor:

Duke Energy, headquartered in Charlotte, North Carolina, is an energy company with assets in the United States, Canada and Latin America. Based in Charlotte, North Carolina, Duke Energy owns 36,000 megawatts of base-load and peak generation in the United States, which it distributes to its 4 million customers. Duke Energy's service territory covers 47,000 square miles (120,000 km2) with 106,000 miles (171,000 km) of distribution lines.

About Property:

The Charlotte Hornets are a professional American basketball team based in Charlotte, North Carolina, that competes in the National Basketball Association . They are part of the Southeast Division in the league's Eastern Conference. The team is largely owned by former NBA player Michael Jordan, who acquired controlling interest in the team in 2010. The Hornets play their home games at Time Warner Cable Arena in center-city Charlotte.

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This weekend, the NBA franchise plans to unveil a three-year deal worth an estimated $500,000 annually with the utility company, capping a string of corporate additions. Signing Duke Energy also completes a yearlong discussion between the team and the Charlotte-based energy giant.
Read more at www.bizjournals.com »
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