DUKE ENERGY COMPLETES SALE OF VECTOR PIPELINE OWNERSHIP INTEREST
CHARLOTTE, N.C. – Duke Energy announced today it completed the sale of its 30-percent interest in Vector Pipeline to Enbridge Inc. and DTE Energy Company for US$145 million. The agreement was first announced Sept. 29.
Enbridge now owns 60 percent of Vector and DTE owns the remaining 40 percent. Each company paid $72.5 million for an equal share of Duke Energy’s previous 30-percent ownership stake.
The 348-mile Vector Pipeline transports Western Canadian natural gas from the Chicago-area market hub in
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