NASHVILLE, Tenn. (WSMV) – Spire Inc. has entered an agreement to acquire the Tennessee Piedmont Natural Gas business from Duke Energy.
The acquisition is set to be a total of $2.48 billion.
“The transaction is expected to close in the first quarter of calendar 2026, pending Tennessee Public Utility Commission approval, Hart-Scott-Rodino review and other customary closing conditions,” Spire announced. “After closing, Nashville area Piedmont Natural Gas customers will be served by a new Spire business unit, Spire Tennessee.”
Piedmont serves more than 200,000 customers in the Nashville area.
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“This acquisition is a natural fit for Spire, allowing us to expand our core utility business and increase our utility customer base to nearly two million homes and businesses,” said Scott Doyle, president and chief executive officer of Spire. “We look forward to serving customers in the Nashville area and safely delivering the energy they need.”
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