Duke Energy CEO sees quick close on Piedmont deal once regulators act
Story Date: 8/9/2016

 

Source: John Downey, TRIAD BUSINESS JOURNAL, 8/8/16


Duke Energy CEO Lynn Good says the company will be able to close its $4.9 billion purchase of Piedmont Natural Gas “within a few days” of regulatory approval of the deal. That means closing could come as early as this fall if the N.C. Utilities Commission approves the deal, as is generally expected. But Good cautions that the timing is in the hands of the commission, which held its hearing on the purchase last month.

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