In the News

November 2016, Vol. 243, No. 11

Duke Energy Closes Piedmont Acquisition, Adds 1 Million Gas Customers Duke Energy closed its acquisition of Piedmont Natural Gas with Piedmont, retaining its name and operating as a business unit of Duke. Both companies are headquartered in Charlotte, NC. The acquisition adds Piedmont’s 1 million natural gas customers to Duke Energy’s existing customer base of 525,000 natural gas customers and 7.4 million electric customers. The North Carolina Utilities Commission on Sept. 30 approved the acquisition – the final regulatory ruling needed to complete the transaction. The Tennessee Regulatory Authority and Piedmont’s shareholders previously approved the…

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