Investment
Features
FeesSafety
Academy
More
Pluang+

Duke Energy sells Tennessee Piedmont Natural Gas to Spire for $2.48B to fund $103B capital plan

Company Fundamentals
31 Mar 2026
PRNewsWire
View Source
Bullish
pluang ai news

Duke Energy has completed the sale of its Tennessee Piedmont Natural Gas business to Spire for $2.48 billion, with $800 million used to reduce debt and $1.5 billion to fund a $103 billion regulated capital investment plan over five years. This transaction supports Duke Energy's strategy to meet growing energy demands while managing costs for over 10 million customers. Piedmont's operations and employees have transitioned to Spire to ensure continuity. Spire aims to expand its utility business and maintain reliable natural gas service in Tennessee.

More News (DUK)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App