Duke Energy to buy Piedmont Natural Gas for $4.9 billion

October 26, 2015 1:01 PM

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Duke Energy to buy Piedmont Natural Gas for $4.9 billion

Deal adds about 1 million natural-gas customers to Duke’s base

Duke Energy Corp. said Monday that it had struck a deal to acquire Piedmont Natural Gas Co. in a deal worth about $4.9 billion, adding roughly 1 million natural-gas customers to its base.

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