NYSE:DUKElectric Utilities
Duke Energy Recycles Gas Sale Proceeds Into Grid And Generation Growth
Duke Energy (NYSE:DUK) has completed the sale of its Tennessee Piedmont Natural Gas business to Spire.
The company plans to use the proceeds to support its regulated capital investment plan over the next five years.
The move marks a shift in Duke Energy's portfolio toward grid and generation projects while aiming to manage customer costs.
Duke Energy, trading at about $130.9 per share, is using this transaction to refine where its capital is focused. The company has delivered an 11.5%...