Spire Inc. /
Piedmont Natural Gas
Spire completes purchase of Piedmont Tennessee gas business
Source for the buyer and target: Duke Energy Corporation
For the buyer and target.
“As previously disclosed in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 29, 2025 by Duke Energy Corporation (“Duke Energy”) and Piedmont Natural Gas Company, Inc., a North Carolina corporation (“Piedmont”) and wholly owned subsidiary of Duke Energy, Piedmont entered into an Asset Purchase Agreement by and between Piedmont and Spire Tennessee Inc., a Delaware corporation and successor-in-interest to Spire Inc., a Missouri corporation (“Buyer”), dated as of July 27, 2025 (the “Purchase Agreement”).”
Published 1 Apr 2026
Open the sourceWhat happened
Duke Energy's Piedmont Natural Gas unit has sold its Tennessee natural gas distribution business to Spire for $2.48 billion in cash, with the sale finishing on March 31, 2026. The business includes nearly 3,800 miles of pipelines serving more than 200,000 customers. [01]
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Spire completes purchase of Piedmont Tennessee gas business
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“Spire completes purchase of Piedmont Tennessee gas business Duke Energy's Piedmont Natural Gas unit has sold its Tennessee natural gas distribution business to Spire for $2.48 billion in cash, with the sale finishing…”
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