Gas + electric + nuclear + hydroelectric = ‘The next generation of energy’

With the merger of PanEnergy and Duke Power in 1997, Duke Energy handled more than 15% of the natural gas consumed in the U.S. (gathering and transmission pipelines, NGL production) while also owning one of America’s largest electric utilities. With nuclear generation, energy marketing, hydroelectric, fiber optic, real estate and forestry businesses to boot, Duke Energy in 1997 proclaimed itself “the next generation of energy.” Today, many of those gas transmission assets have been absorbed by Enbridge through Duke’s spinoff of Spectra Energy in 2007 and the Enbridge-Spectra merger in 2017.