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Duke Energy maps out $160 million pension contribution this year

Duke Energy Corp., Charlotte, N.C., plans to contribute $160 million to its cash balance pension plans in 2017, the company disclosed in its 10-K filing.

The company contributed $155 million in 2016 and $302 million in 2015.

As of Dec. 31, Duke Energy's plan assets totaled $8.53 billion, while projected benefit obligations totaled $8.13 billion, for a funding ratio of 104.2%, down from 105.3% the previous year. The plan's discount rate at the end of 2016 was 4.1%, down from 4.4% a year earlier.

As of Dec. 31, the actual allocation was 63% fixed income, 11% domestic equities, 10% global equities, 8% international equities, and 2% each global private equity, hedge funds, real estate and other global securities.

The 10-K was filed Feb. 24.