Duke Energy good to go with Piedmont Natural Gas acquisitionStaff writer ▼ | December 23, 2015
Duke Energy’s proposed acquisition of Piedmont Natural Gas has cleared a key condition needed for completion, the two companies said.
Acquisition Early termination of the 30-day waiting period
Expiration or termination of the waiting period is one of the conditions required for completion of the acquisition.
The transaction still requires approval by Piedmont shareholders and the North Carolina Utilities Commission.
Duke Energy and Piedmont also are providing information regarding the acquisition to the Public Service Commission of South Carolina and the Tennessee Regulatory Authority.
The companies are targeting a closing of the transaction by the end of 2016. ■