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In 2002, Duke Energy acquired Westcoast Energy, a Canadian corporation, which owned Chatham, Ontario-based Union Gas, regulated under the 1998 Ontario Energy Board Act.. On December 29, 2006 Standard & Poor's added Spectra Energy Corp. to its S&P 500 Index, replacing Parametric Technology Corp. (Nasdaq: PMTC), a software company, which then moved to the S&P MidCap 400 list instead. [5]
Duke Energy shareholders received 1 share of Spectra Energy for each 2 shares of Duke Energy. After the spin-off, Duke Energy now receives the majority of its revenue from its electric operations in portions of North Carolina, South Carolina, Kentucky, Ohio, and Indiana.
On September 6, 2016, Enbridge agreed to buy Spectra Energy in an all-stock deal valued at about $28 billion. [28] Spectra, headquartered in Houston, Texas, operated in three key areas of the natural gas industry: transmission and storage, distribution, and gathering and processing. Spectra was formed in late 2006 as a spin-off from Duke Energy.
At least 60 Lake Norman neighbors have emailed state regulators urging them to reject Duke Energy’s plans for two natural gas turbines off their curvy, tree-draped, two-lane Catawba County road.
Duke intends to generate hydrogen for those power plants from carbon-free resources like nuclear or solar energy. Over time, Duke is hoping that technology will improve to allow turbines to burn ...
Duke Energy expects most customers in both Carolinas will have their power back by 11:45 p.m. on Friday evening, Brooks said. But in some areas there is still no estimate for restoration.
Spin-off entity Transaction value (in billions USD) Inflation adjusted (in billions 2022 USD) Ref 1 2024 General Electric Company: GE Aerospace, GE Vernova, GE Healthcare: 191 191 [1] 2 2008 Altria Group: Philip Morris International: 108 141 [2] [3] 3 2000 BCE: Nortel: 60 97 [3] 4 2013 Abbott Laboratories: AbbVie: 56 67 [3] 5 2015 eBay: PayPal ...
Duke Energy is backing off its plan to move away from using coal to generate power by 2035 in a move advocates say is harmful to consumers and the environment.. The utility's latest resource plan ...