| Piedmont Natural Gas Files to Further Reduce Natural Gas Sales Rates in North Carolina and South Carolina | |
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CHARLOTTE, N.C., Jan. 16, 2015 /PRNewswire/ -- Piedmont Natural Gas (NYSE: PNY) today filed to further reduce its natural gas sales rates for customers in North Carolina and South Carolina. The Company's filings mark the second such request in as many months. In December, the Company requested and received approval to reduce its sales rates for customers in both states effective January 1 as a result of declining wholesale natural gas costs which Piedmont passes through to customers on a dollar for dollar basis.
Today's filings before both the North Carolina Utilities Commission and the Public Service Commission of South Carolina reflect additional declines in the Company's wholesale natural gas costs.
If approved by the respective commissions, the new rates would go into effect on February 1 with residential customers seeing a reduction of about 3% from January rates and about 8% since the start of the winter period. The average residential customer in North Carolina and South Carolina would save $10 to $15 over the remaining winter months of February, and March.
About Piedmont Natural Gas
Piedmont Natural Gas is an energy services company primarily engaged in the distribution of natural gas to more than one million residential, commercial, industrial and power generation utility customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are wholesale customers. Our subsidiaries are invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, and regulated interstate natural gas transportation and storage, and regulated intrastate natural gas transportation businesses. More information about Piedmont Natural Gas is available on the Internet at http://www.piedmontng.com/.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/piedmont-natural-gas-files-to-further-reduce-natural-gas-sales-rates-in-north-carolina-and-south-carolina-300021964.html
SOURCE Piedmont Natural Gas
David L. Trusty, (704) 731-4391, [email protected]
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Piedmont Natural Gas
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CODE : PNY |
ISIN : US7201861058 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Piedmont is based in United states of america. Piedmont is listed in United States of America. Its market capitalisation is US$ 55.2 billions as of today (€ 48.9 billions). Its stock quote reached its lowest recent point on October 06, 1995 at US$ 10.00, and its highest recent level on May 13, 2016 at US$ 59.95. Piedmont has 921 580 032 shares outstanding. |