Kentucky regulators agree with Duke Energy on this aspect of Piedmont deal

Duke Energy does not need approval from Kentucky regulators for its proposed $4.9 billion purchase of Piedmont Natural Gas, the Kentucky Public Service Commission has ruled. The commission found it had no jurisdiction over the deal under Kentucky law. Charlotte-based Duke (NYSE:DUK) had asked the commission for a declaratory ruling that no hearing or approval was necessary in that state for the Piedmont (NYSE:PNY) purchase. Duke contended in filings in early February that the basic corporate structure…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/energy/2016/03/kentucky-regulators-have-no-role-induke-energy.html