Duke Energy Splits

[redjeep77]

http://www.charlotte.com/mld/charlotte/14923433.htm

Interesting, I wonder how this is going to affect the jobs in charlotte. Anyone have imput?

[peaceloveunderstanding]

I don't know, but I wonder how big of a part were the natural gas lines of Duke's business. Charlotte will still keep Duke Energy but the spinoff will be in Houston.

[rooster8]

Too bad the spinoff is going to Houston. It would have been nice to have another Fortune 500 HQ.

[rockhilljames]

This comes as no surprise. They were trying to sell off the natural gas part of the business, so I'm guessing this was the next best thing.

[kickazzz2000]

This comes as no surprise. They were trying to sell off the natural gas part of the business, so I'm guessing this was the next best thing.

Its funny, the natural gas company they bought in the late 90's based out of Houston...is being spun off as a natural gas company based out of..Houston! Zero sum.

[A2]

Its funny, the natural gas company they bought in the late 90's based out of Houston...is being spun off as a natural gas company based out of..Houston! Zero sum.

Not for the shareholders though. This will unlock a ton of cash and give a nice smile to the guy who owns the shares.

A2