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 ...

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

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.

On an earnings call, CEO Kelly Ortberg said the aviation and defense company could “manage through” any strikes due to the ...