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Duke Energy closes $6.7B acquisition of Piedmont Natural Gas

Duke EnergyCorp. has completed its $6.7 billion acquisition of Piedmont Natural Gas Co. Inc.

The Oct. 3 announcement comes days after the North CarolinaUtilities Commission issued an order Sept. 29 approving the merger. (DocketNos. E-2, SUB 1095; E-7, SUB 1000; G-9 SUB 682)

Approval by North Carolina regulators was the for thedeal.

The combination previously received approvals from theTennessee Regulatory Authority and Piedmont shareholders, as well as the .

Piedmont will retain its name and will operate as a businessunit of Duke Energy. Piedmont serves about 1 million natural gas customers inNorth Carolina, South Carolina and Tennessee and, like Duke, is headquarteredin Charlotte, N.C.