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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,
Duke Energy said it would buy natural gas distributor Piedmont Natural Gas, its partner in the $5 billion Atlantic Coast Pipeline, for $4.9 billion in cash.
Duke Energy's ambitious growth strategy takes a new turn as the company looks to streamline its operations and redirect ...
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