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Duke Energy (DUK) Announces Completion of Piedmont Natural Gas Acquisition

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Duke Energy completes acquisition of Piedmont Natural Gas

October 3, 2016 10:10 AM EDT

CHARLOTTE, N.C., Oct. 3, 2016 /PRNewswire/ -- Duke Energy has completed its acquisition of Piedmont Natural Gas, closing the transaction effective today.

Piedmont will retain its name and operate as a business unit of Duke Energy. Both companies are headquartered in Charlotte.

The acquisition will add Piedmont's 1 million natural gas customers to Duke Energy's existing customer base of 525,000 natural gas customers and 7.4 million... More