On March 16, 2026, Spire Inc. announced that the Tennessee Public Utility Commission (TPUC) has approved the transfer of utility services from Piedmont Natural Gas Company, Inc. to Spire Tennessee Inc. This decision is a significant milestone in Spire's acquisition of Piedmont's Tennessee natural gas local distribution company business, which was initially announced on July 29, 2025. The approval from TPUC is a crucial condition for the completion of this transaction, which is expected to close before the end of the first quarter of 2026. The approval also satisfies the closing condition related to the Hart-Scott-Rodino Antitrust Improvement Act of 1976, indicating that the necessary regulatory authorities have granted their consent for the transaction. This acquisition is anticipated to enhance Spire's operational capabilities and expand its market presence in Tennessee, potentially leading to improved service delivery and customer satisfaction. The completion of the transaction is subject to customary closing conditions, but the approval from TPUC marks a positive step forward for Spire Inc. and its strategic growth initiatives in the natural gas sector.

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