Piedmont Natural Gas Increases Dividend for 35th Consecutive Year

      Piedmont Natural Gas Increases Dividend for 35th Consecutive Year

PR Newswire

CHARLOTTE, N.C., March 6, 2013

CHARLOTTE, N.C., March 6, 2013 /PRNewswire/ --The Board of Directors of
Piedmont Natural Gas (NYSE: PNY) today approved an increase in the Company's
dividend for the 35th consecutive year. At its regularly scheduled meeting,
the Board declared a quarterly dividend on Common Stock of 31 cents per share,
up from the previous quarterly dividend of 30 cents per share. The increased
dividend is payable April 15, 2013, to shareholders of record at the close of
business on March 25, 2013. Also, at today's Annual Meeting of Shareholders,
four members of the Board of Directors were re-elected: Frankie T. Jones, Sr.,
Vicki McElreath, Thomas E. Skains, and Phillip D. Wright.

Conference Call

Piedmont Natural Gas will conduct its 2013 first quarter conference call,
broadcast live over the internet on Thursday, March 7, 2013 at 10:00 a.m.
Eastern Time. Hosting the conference call will be Chairman, President and
Chief Executive Officer Thomas E. Skains. Simply log on to the web at
www.piedmontng.com and click on Investors, then on Presentations. The
conference call will be archived on the website.

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 52,400 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 intrastate natural gas transportation businesses. More information about
Piedmont Natural Gas is available on the Internet at
http://www.piedmontng.com/.

SOURCE Piedmont Natural Gas Company

Website: http://www.piedmontng.com
Contact: David L. Trusty, +1-704-731-4391, david.trusty@piedmontng.com, or
Investor Relations, Nicholas Giaimo, +1-704-731-4952,
nicholas.giaimo@piedmontng.com