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Duke Energy · NashvilleDuke Energy is selling Piedmont Natural Gas’ Tennessee distribution business to St. Louis-based Spire for $2.4 billion, or 24 times the unit’s 2024 earnings. About $800 million will offset debt and remaining proceeds will help fund Duke’s $83 billion, five-year capital plan. Piedmont has 205,000 customers in Tennessee. It didn’t mention plans for Piedmont’s N.C. business.See the Story
Duke Energy to Sell Piedmont Natural Gas Unit in Tennessee for $2.48 ...
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