Duke Energy to sell Tennessee natural gas business to Spire for $2.48 billion
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Duke Energy to sell Tennessee natural gas business to Spire for $2.48 billion
The company said about $800 million of the proceeds will be used to offset debt at Piedmont Natural Gas. The sale is expected to close in the first quarter of 2026.
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Electric power transmission pylon miniatures and Duke Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights , opens new tab
The company said about $800 million of the proceeds will be used to offset debt at Piedmont Natural Gas, and the rest for funding its $83 billion five-year capital plan.
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The sale is expected to close in the first quarter of 2026.
Reporting by Pooja Menon in Bengaluru; Editing by Shilpi Majumdar
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Source: Reuters.com | View original article