Duke Energy Acquires Piedmont in $4.9 Billion Deal, Growing its Foothold in U.S. Pipelines
SUGAR LAND--October 4, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) completed its acquisition of Piedmont Natural Gas Company (NYSE:PNY) (Charlotte) on Monday, closing out a long-anticipated transaction that could change the face of the region's Oil & Gas Pipeline Industry. The acquisition will add Piedmont's 1 million natural gas customers in North Carolina, South Carolina and Tennessee, to Duke Energy's 525,000 natural gas customers and 7.4 million electric customers. Industrial Info is tracking more than $6.2 billion in projects involving the two companies, half of which are in the three states.
Within this article: Details on some of Duke and Piedmont's highest-valued projects in North Carolina, South Carolina and Tennessee, including two combined-cycle unit additions at major power-generation facilities.
Other companies featured: Dominion Resources Incorporated (NYSE:D), General Electric (NYSE:GE)
