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Utility Duke Energy to sell Tennessee natural gas business for $2.48 billion
Duke Energy said on Tuesday it would sell its Tennessee natural gas distribution business to Spire for $2.48 billion in cash, as the utility aims to streamline operations and unlock capital to invest in electric grid upgrades.
Spire to acquire Tennessee Piedmont Natural Gas business from Duke Energy
Spire Inc. (NYSE: SR) today announced it has entered into an agreement with Piedmont Natural Gas, a wholly-owned subsidiary of Duke Energy (NYSE: DUK), to acquire its Tennessee local distribution company business that serves more than 200,
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Spire to acquire Duke Energy’s Piedmont Natural Gas business in Tennessee, USThe acquisition, pending regulatory approvals, will result in the creation of a new business unit, Spire Tennessee.
The sale agreement for the Piedmont Natural Gas Tennessee business includes nearly 3800 miles of distribution and ...
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