Piedmont Natural Gas Announces Plans to Provide Natural Gas Delivery Service to Duke Energy's W.S. Lee Power Generation Facilit

 Piedmont Natural Gas Announces Plans to Provide Natural Gas Delivery Service
    to Duke Energy's W.S. Lee Power Generation Facility in Anderson, South

PR Newswire

CHARLOTTE, N.C., June 3, 2014

CHARLOTTE, N.C., June 3, 2014 /PRNewswire/ --Piedmont Natural Gas (NYSE: PNY)
today announced an agreement with Duke Energy to provide natural gas delivery
service to the electric utility's W.S. Lee power generation facility near
Anderson, South Carolina.

Piedmont plans to construct approximately 1.5 miles of new natural gas
transmission pipeline and compression facilities to provide natural gas
delivery service to the plant by May, 2017. Piedmont's investment in the
pipeline and compression facilities is estimated at $38 million and is
supported by a long-term service agreement with Duke Energy. The agreement is
subject to approval by the South Carolina Public Service Commission.

Piedmont Natural Gas Chairman, President, and CEO Thomas E. Skains commented
on the agreement, "We are excited about this additional opportunity to work
with Duke Energy to build new infrastructure to deliver clean and efficient
natural gas to the W.S. Lee facility. We believe this project will benefit
both the environment and energy consumers in South Carolina."

Forward-Looking Statement

This press release contains forward-looking statements. These statements are
based on management's current expectations and information currently available
and are believed to be reasonable and are made in good faith. However, the
forward-looking statements are subject to future events, risks, uncertainties
and other factors that could cause actual results to differ materially from
those projected in the statements. Factors that may make the actual results
differ from anticipated results include, but are not limited to, weather
conditions, rate of customer growth, the cost and availability of natural gas,
competition from other energy providers, new legislation and regulations and
application of existing laws and regulations, economic and capital market
conditions, the cost and availability of labor and materials and other
uncertainties, all of which are difficult to predict and some of which are
beyond our control. For these reasons, you should not place undue reliance on
these forward-looking statements when making investment decisions. The words
"expect," "believe," "project," "anticipate," "intend," "should," "could,"
"assume," "can," "estimate," "forecast," "future," "indicate," "outlook,"
"plan," "predict," "seek," "target," "would," "may," "guidance," and
variations of such words and similar expressions are intended to identify
forward-looking statements. Forward-looking statements are only as of the date
they are made and we do not undertake any obligation to update publicly any
forward-looking statement, either as a result of new information, future
events or otherwise. More information about the risks and uncertainties
relating to these forward-looking statements may be found in Piedmont's latest
Forms 10-K and 10-Q, which are available on the SEC's website at

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

SOURCE Piedmont Natural Gas

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,
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