Followers | 605 |
Posts | 69362 |
Boards Moderated | 1 |
Alias Born | 01/09/2007 |
Wednesday, October 28, 2015 2:04:06 PM
http://finance.yahoo.com/news/duke-energy-expand-gas-business-194757809.html
The sale has already been approved by the management of both companies and is expected to close by the end of 2016. Still needed is the approval of Piedmont’s shareholders and the North Carolina Utilities Commission. Duke and Piedmont must also give details of the deal to the Public Service Commission of South Carolina and the Tennessee Regulatory Authority.
It’s not clear whether all the regulators will perceive the transaction as beneficial to customers as Duke and Piedmont do. Christopher Ayers, the executive director of the North Carolina Utilities Commission’s Public Staff, told the Charlotte Observer: “Our standard is that the benefits to consumers have to outweigh the costs and risks. Once the filings are made, we will do a deep dive on all their numbers to make sure consumers are not harmed in this process.”
If the deal goes through, Piedmont would keep a measure of autonomy. Duke will also appoint a member of Piedmont’s board to its own board, and a Piedmont manager will run Duke’s gas operations in the Carolinas, Kentucky, Ohio and Tennessee.
Recent DUK News
- Duke Energy Foundation ignites the workforce with $740,000 in grants to Florida's educational institutions and universities • PR Newswire (US) • 09/17/2024 08:52:00 PM
- Piedmont Natural Gas reaches rate case agreement with key consumer and industrial groups in North Carolina • PR Newswire (US) • 09/16/2024 11:30:00 AM
- Duke Energy provides $100,000 in grants to support organizations providing senior home ramp programs in South Carolina • PR Newswire (US) • 09/12/2024 03:00:00 PM
- Strengthening community resilience: Duke Energy Foundation tops $19.5 million in disaster readiness and recovery investments • PR Newswire (US) • 09/12/2024 01:15:00 PM
- Duke Energy's ready to respond during peak of hurricane season; advanced technology saved 12.5 million minutes of customer outages during Hurricane Debby • PR Newswire (US) • 09/10/2024 02:22:00 PM
- Duke Energy Florida requests to lower rates in 2025 • PR Newswire (US) • 09/05/2024 06:12:00 PM
- Duke Energy Foundation provides $200,000 in grants to bolster Florida's vibrant economy • PR Newswire (US) • 08/29/2024 06:49:00 PM
- Duke Energy Carolinas customer rates to drop 3.6% on Jan. 1 after North Carolina Utilities Commission issues annual fuel filing order • PR Newswire (US) • 08/28/2024 02:00:00 PM
- A new meaning to restoration: Duke Energy, Tampa Electric come together with state, local agencies to plant nearly 700 mangroves at two shorelines in Hillsborough and Pinellas counties • PR Newswire (US) • 08/27/2024 05:53:00 PM
- Duke Energy offers tips to save energy and money as temperatures soar in Ohio and Kentucky • PR Newswire (US) • 08/27/2024 02:32:00 PM
- Duke Energy receives approval for multiyear rate agreement • PR Newswire (US) • 08/21/2024 05:35:00 PM
- Duke Energy Launches New Virtual Home Energy Assessment in North Carolina, Helping Customers Save on Energy Use • PR Newswire (US) • 08/21/2024 02:00:00 PM
- Duke Energy Florida breaks ground on new transmission training center in Sumter County to support growing workforce, infrastructure projects responsible for delivering reliable power • PR Newswire (US) • 08/20/2024 07:27:00 PM
- Revitalizing Main Street: $700,000 of new funding available to North Carolina small businesses through Duke Energy Foundation program • PR Newswire (US) • 08/15/2024 03:00:00 PM
- Duke Energy Foundation celebrates 40 years by awarding $40,000 to nonprofit organizations serving Florida • PR Newswire (US) • 08/13/2024 07:02:00 PM
- Duke Energy offers more than $4.6 million in energy bill assistance to help North Carolina families facing financial hardship • PR Newswire (US) • 08/13/2024 02:24:00 PM
- Power restored to more than 510,000 Carolinas customers impacted by Debby, lineworkers on track to repair remaining outages by Friday night • PR Newswire (US) • 08/09/2024 06:32:00 PM
- Piedmont Natural Gas monitoring areas impacted by Tropical Storm Debby, advises customers on flood-related equipment damage • PR Newswire (US) • 08/09/2024 02:00:00 PM
- Power restoration work underway in the Carolinas, Duke Energy continues to monitor storm conditions • PR Newswire (US) • 08/08/2024 06:55:00 PM
- Duke Energy Florida thanks customers for their patience as company wraps up rapid restoration for nearly all customers impacted by Hurricane Debby • PR Newswire (US) • 08/07/2024 08:50:00 PM
- Duke Energy ramps up support ahead of Tropical Storm Debby; donates $50,000 to the American Red Cross • PR Newswire (US) • 08/07/2024 06:49:00 PM
- Duke Energy encourages customers to prepare for Tropical Storm Debby; moves 6,900 resources to respond to heavy rain and strong winds • PR Newswire (US) • 08/06/2024 08:03:00 PM
- Duke Energy restores power for 90% of customers within 24 hours, establishes estimated time of restoration for north Florida customers impacted by Hurricane Debby • PR Newswire (US) • 08/06/2024 07:34:00 PM
- U.S. Department of Energy awards Duke Energy project $57 million in cost-share funding to enhance North Carolina's energy grid • PR Newswire (US) • 08/06/2024 07:09:00 PM
- Piedmont Natural Gas urges customers to prepare for flooding and severe storms • PR Newswire (US) • 08/06/2024 03:00:00 PM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM