Duke Energy to sell Tennessee natural gas distribution business to Spire in $2.48B deal

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Duke Energy Buys Progress Energy In $13 Billion Deal

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Duke Energy (NYSE:DUK) said Tuesday it agreed to sell its Piedmont Natural Gas Tennessee local distribution company business to Spire (NYSE:SR) for $2.48B in cash.

The Piedmont Natural Gas Tennessee business includes nearly 3,800 miles of distribution and transmission pipelines

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