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Duke to Sell Tennessee Gas Business to Spire

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.

Yahoo Finance · 2d

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,

Daily Energy Insider · 1d

Duke sells Piedmont Natural Gas in all-cash $2.48B deal with Spire

Duke Energy stands to gain $2.48 billion in cash with the sale of its Piedmont Natural Gas Tennessee local distribution company business to Spire Inc., one of the nation’s largest publicly traded natural gas companies.

Offshore Technology on MSN1d

Spire to acquire Duke Energy’s Piedmont Natural Gas business in Tennessee, US

The acquisition, pending regulatory approvals, will result in the creation of a new business unit, Spire Tennessee.

2d

Duke Energy to sell Piedmont Natural Gas unit in Tennessee for $2.48 billion

Duke Energy's ambitious growth strategy takes a new turn as the company looks to streamline its operations and redirect ...

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