Duke Energy said it would sell its Tennessee natural gas distribution business to Spire for $2.48 billion in cash.

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

Transaction expected to close Q1 2026 Proceeds help efficiently fund Duke Energy's $83 billion five-year capital plan CHARLOTTE, N.C., July 29, 2025 ...

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Spire Inc. has reached an agreement with Piedmont Natural Gas, a wholly-owned subsidiary of Duke Energy, to acquire its Tennessee local natural gas pipeline network for $2.48 billion.

The sale agreement for the Piedmont Natural Gas Tennessee business includes nearly 3800 miles of distribution and ...

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