Hunton & Williams Advises Duke Energy Corporation in $3.75 billion Aggregate Principal Amount Senior Notes Offering to Finance Proposed Acquisition of Piedmont Natural Gas

Hunton & Williams LLP advised Duke Energy Corporation (the Company or Duke Energy) in connection with an SEC-registered offering of $750 million aggregate principal amount of its 1.800% Senior Notes due 2021, 2.650% Senior Notes due 2026 and 3.750% Senior Notes due 2046. The Company intends to use the net proceeds from the offering to finance a portion of the costs in connection with the proposed acquisition of Piedmont Natural Gas Company, Inc.

Duke Energy, together with its subsidiaries, is a diversified energy company headquartered in Charlotte, North Carolina with both regulated and unregulated utility operations. Duke Energy’s regulated segment serves approximately 7.4 million retail electric customers in six states in the Southeast and Midwest regions of the United States. Outside of the United States, Duke Energy principally operates and manages power generation facilities and engages in sales and marketing of electric power, natural gas, and natural gas liquids and maintains approximately 4,600 megawatts of owned capacity. Additionally, Duke Energy is engaged in the building, development and operation of wind and solar renewable generation and storage and energy transmission projects throughout the United States.

The Hunton & Williams team included Pete O’Brien, Christina Kwon and Patrick Jamieson. Cary Tolley provided tax advice.