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US: Duke Energy finalizes Piedmont acquisition

By  |  October 3, 2016

Duke Energy has completed its acquisition of Piedmont Natural Gas, closing the transaction effective Monday.

Piedmont will retain its name and operate as a business unit of Duke Energy. The acquisition will add Piedmont’s 1 million natural gas customers to Duke Energy’s existing customer base of 525,000 natural gas customers and 7.4 million electric customers.

Customers will continue to do business with both Piedmont and Duke Energy in the same way they did in the past, but internally, Duke Energy will be working to integrate Piedmont’s corporate functions – such as accounting, human resources and information technology – into Duke Energy’s structure.

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