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Duke Energy announces sale of its Tennessee Piedmont Natural Gas business to Spire for $2.48 billion
Duke Energy (NYSE: DUK) today announced it reached an agreement to sell its Piedmont Natural Gas Tennessee local distribution company business for $2.48 billion in cash to Spire Inc. ("Spire") – one of the largest publicly traded natural gas companies in the country.
Piedmont Natural Gas, a subsidiary of Duke Energy, distributes natural gas to more than 1.1 million residential, commercial, industrial and power generation customers in North Carolina, ...
Piedmont Natural Gas’ proposed sale to Duke Energy (NYSE:DUK) comes as CEO Tom Skains is in the middle of the programmed sale of up to 13% of his Piedmont (NYSE:PNY) holdings.
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