Vice News / Duke Energy is the second energy company to pull out of the lucrative Dominion Energy stock exchange, according to news reports.
The company said in a statement that it “strongly disagrees with Dominion’s actions, which are contrary to the principles of good corporate citizenship.”
Duke Energy said the decision comes after it received “negative feedback” about Dominion’s trading strategy.
Dominion said the company has made “significant progress” on its own trading strategy and has the necessary infrastructure in place to make the switch to the new Exchange.
The decision comes as the market has lost confidence in the utility, which is facing a $9 billion capital expenditure plan and is struggling to raise new financing.
Duke said in January it would close its nuclear plants and move away from fossil fuels.