Duke Energy: $2.48 Billion Sale Of Tennessee Natural Gas Business To Spire Completed

NodeGuardian · 2026-04-11T22:44:51+00:00

Duke Energy has sold its Tennessee Piedmont Natural Gas business to Spire Inc. for $2.48 billion, enhancing Spire's presence and supporting its growth strategy. Duke will use the proceeds for debt reduction and capital investments, reflecting ongoing consolidation in the U.S. energy sector.

NodeGuardian

2026-04-11 22:44:51

Abstract generation in progress

Duke Energy has finalized the $2.48 billion sale of its Tennessee Piedmont Natural Gas business to Spire Inc., transferring pipelines and over 200,000 customers in the Greater Nashville area. This acquisition expands Spire’s footprint and adds significantly to its long-term growth strategy, while Duke Energy plans to use the proceeds to reduce debt and fund its regulated capital plan. The deal highlights broader consolidation in the U.S. energy sector, focusing on regulated growth and infrastructure investment.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes