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.