Duke Energy CEO: Natural Gas is A Real Game Changer
Duke Energy (NYSE:DUK) CEO Lynn Good appeared on the FOX Business Network’s Mornings with Maria to discuss the company’s $6.7 billion acquisition of Piedmont Natural Gas Company (NYSE:PNY), saying that she anticipated the deal to close by the end of the year, but that it could transpire earlier.
“This is an important part of our move into natural gas infrastructure,” she told FBN’s Maria Bartiromo.
Good hopes the deal will expose the company to growth in the natural gas industry.
“Natural gas is an important part of delivering energy, whether you’re producing power or other solutions for customers. And so we see power generation, gas generation and we see pipeline infrastructure and Piedmont as being part of what we believe…important solutions for customers,” she said.
Good also said the production of natural gas could be a “real game changer” for the U.S. economy.
“We have low cost resources that we can use in a period where we are trying to grow and also decarbonize and natural gas is a lower carbon source of generation. And so I think there’s a great opportunity to put that resource to work for the benefit of our economy,” she said.