Spire to acquire Tennessee Piedmont Natural Gas business from Duke Energy for $2.48bn.

Spire, a gas provider, agreed to acquire Tennessee Piedmont Natural Gas business from Duke Energy, a natural gas company, for $2.48bn. “The transaction allows us to efficiently fund accelerating investment opportunities driven by record customer growth and a deepening economic development pipeline. We’re confident Spire will support the continued growth and success of the Tennessee natural gas business and serve as an incredible operator for the benefit of employees, customers and communities," Harry Sideris, Duke Energy President and CEO.