Spire completes acquisition of Tennessee Piedmont Natural Gas business from Duke Energy

Expands regulated utility footprint with Spire Tennessee becoming the largest investor-owned natural gas utility in Tennessee Committed to providing a seamless transition for customers, community and employees More than 200 of Piedmont's Tennessee employees will transition to Spire, with additional support roles being added Acquisition supports Spire's long-term adjusted earnings per share growth of 5-7% ST. LOUIS, March 31, 2026 /PRNewswire/ -- Spire Inc. (NYSE: SR) today announced it has completed its acquisition of the Piedmont Natural Gas business in Tennessee from Duke Energy effective March 31, 2026, for $2.48 billion.