EX-99.1
2
a16-19209_2ex99d1.htm
EX-99.1
Exhibit 99.1
Media Contact: Tom Williams
24-Hour: 800.559.3853
Oct. 3, 2016
Duke Energy completes acquisition of Piedmont Natural Gas
CHARLOTTE, N.C. - Duke Energy has completed its acquisition of Piedmont Natural Gas, closing the transaction effective today.
Piedmont will retain its name and operate as a business unit of Duke Energy. Both companies are headquartered in Charlotte.
The acquisition will add Piedmont's 1 million natural gas customers to Duke Energy's existing customer base of 525,000 natural gas customers and 7.4 million electric customers.
"Uniting Duke Energy with Piedmont Natural Gas is a powerful combination for our customers and the communities we serve", said Lynn Good, chairman, president and CEO of Duke Energy.
Customers can continue to do business with both Piedmont and Duke Energy in the same way they have in the past. For example, there will be no immediate changes in customer service phone numbers, billing options or service request procedures.
Internally, Duke Energy will be working to integrate Piedmont's corporate functions - such as accounting, human resources and information technology - into Duke Energy's structure.
The North Carolina Utilities Commission last week approved the acquisition - the final regulatory ruling needed to complete the transaction.
The Tennessee Regulatory Authority and Piedmont's shareholders previously approved the transaction, and the United States Federal Trade Commission has already granted early termination of the waiting period under the federal Hart-Scott-Rodino Antitrust Improvements Act.
Click here
for more information on the North Carolina Utilities Commission's recent approval of Duke Energy's acquisition of Piedmont Natural Gas and its customer benefits.
Click here
for a fact sheet about Piedmont Natural Gas.
Duke Energy Corporation | P.O. Box 1009 | Charlotte, NC 28201-1009 | www.duke-energy.com
Duke Energy News Release
2
About Duke Energy
Duke Energy, one of the largest electric power holding companies in the United States, supplies and delivers electricity to approximately 7.4 million customers in the Southeast and Midwest representing a population of approximately 24 million people. The company also distributes natural gas services to more than 1.5 million customers in the Carolinas, Ohio, Kentucky and Tennessee. Its commercial and international businesses operate diverse power generation assets in North America and Latin America, including a growing renewable energy portfolio. Headquartered in Charlotte, N.C., Duke Energy is an S&P 100 Stock Index company traded on the New York Stock Exchange under the symbol DUK.
Headquartered in Charlotte, N.C., Duke Energy is an S&P 100 Stock Index company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at
duke-energy.com
.
The
Duke Energy News Center
serves as a multimedia resource for journalists and features news releases, helpful links, photos and videos. Hosted by Duke Energy,
illumination
is an online destination for stories about remarkable people, innovations, and community and environmental topics. It also offers glimpses into the past and insights into the future of energy.
Follow Duke Energy on
Twitter
,
LinkedIn
,
Instagram
and
Facebook
.
###

EX - 99 . 1 2 a16 - 19209 _ 2ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 Media Contact : Tom Williams 24 - Hour : 800 . 559 . 3853 Oct. 3 , 2016 Duke Energy completes acquisition of Piedmont Natural Gas CHARLOTTE , N . C . - Duke Energy has completed its acquisition of Piedmont Natural Gas , closing the transaction effective today . Piedmont will retain its name and operate as a business unit of Duke Energy . Both companies are headquartered in Charlotte . The acquisition will add Piedmont 's 1 million natural gas customers to Duke Energy 's existing customer base of 525,000 natural gas customers and 7 . 4 million electric customers . " Uniting Duke Energy with Piedmont Natural Gas is a powerful combination for our customers and the communities we serve " , said Lynn Good , chairman , president and CEO of Duke Energy . Customers can continue to do business with both Piedmont and Duke Energy in the same way they have in the past . For example , there will be no immediate changes in customer service phone numbers , billing options or service request procedures . Internally , Duke Energy will be working to integrate Piedmont 's corporate functions - such as accounting , human resources and information technology - into Duke Energy 's structure . The North Carolina Utilities Commission last week approved the acquisition - the final regulatory ruling needed to complete the transaction . The Tennessee Regulatory Authority and Piedmont 's shareholders previously approved the transaction , and the United States Federal Trade Commission has already granted early termination of the waiting period under the federal Hart - Scott - Rodino Antitrust Improvements Act . Click here for more information on the North Carolina Utilities Commission 's recent approval of Duke Energy 's acquisition of Piedmont Natural Gas and its customer benefits . Click here for a fact sheet about Piedmont Natural Gas . Duke Energy Corporation | P.O. Box 1009 | Charlotte , NC 28201 - 1009 | www.duke-energy.com Duke Energy News Release 2 About Duke Energy Duke Energy , one of the largest electric power holding companies in the United States , supplies and delivers electricity to approximately 7 . 4 million customers in the Southeast and Midwest representing a population of approximately 24 million people . The company also distributes natural gas services to more than 1 . 5 million customers in the Carolinas , Ohio , Kentucky and Tennessee . Its commercial and international businesses operate diverse power generation assets in North America and Latin America , including a growing renewable energy portfolio . Headquartered in Charlotte , N . C . , Duke Energy is an S & P 100 Stock Index company traded on the New York Stock Exchange under the symbol DUK . Headquartered in Charlotte , N . C . , Duke Energy is an S & P 100 Stock Index company traded on the New York Stock Exchange under the symbol DUK . More information about the company is available at duke-energy.com . The Duke Energy News Center serves as a multimedia resource for journalists and features news releases , helpful links , photos and videos . Hosted by Duke Energy , illumination is an online destination for stories about remarkable people , innovations , and community and environmental topics . It also offers glimpses into the past and insights into the future of energy . Follow Duke Energy on Twitter , LinkedIn , Instagram and Facebook . # # #