Duke Energy Corporation
Piedmont Natural Gas Completes Sale of Tennessee Business to Spire Tennessee
Summary
Piedmont Natural Gas Company, Inc. has completed the sale of its Tennessee natural gas local distribution company business to Spire Tennessee Inc. for $2.48 billion in cash, subject to customary purchase price adjustments. The transaction was previously disclosed in a Current Report on Form 8-K filed on July 29, 2025. The unaudited pro forma financial information reflects the financial impact of the transaction as if it had occurred on January 1, 2025. The sale is not considered a discontinued operation.
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About Duke Energy Corporation
Duke Energy Corporation is an American energy company with a focus on electric power generation and distribution. It stands as one of the largest electric power holding companies in the United States, servicing around 7.9 million customers across six states in the South and Midwest. With a diversified energy portfolio, Duke Energy operates an array of power plants including coal, natural gas, hydroelectric, and increasingly, renewable energy sources like wind and solar. This diversification enhances its resilience and ability to adapt to the evolving energy landscape. Duke Energy's primary role is generating, transmitting, and distributing electricity, it also makes strides in natural gas distribution and achieving carbon neutrality, with ambitious goals to reduce carbon emissions. The company plays a pivotal role in shaping energy policy and pursuing sustainable energy solutions, thereby impacting both economic growth and environmental stewardship across regions it serves. Headquartered in Charlotte, North Carolina, Duke Energy is integral to the energy infrastructure, influencing sectors from residential and commercial electricity to industrial energy needs.
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