Duke energy announces sale of its tennessee piedmont natural gas business to spire for $2.48 billion

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 /prnewswire/ -- duke energy (nyse: duk) today announced it reached an agreement to sell its piedmont natural gas tennessee local distribution company business for $2.48 billion in cash to spire inc. ("spire") – one of the largest publicly traded natural gas companies in the country.
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