May 28, 2017 7:32 PM ET

Gas Utilities

Company Overview of Piedmont Natural Gas Co. Inc.

Company Overview

Piedmont Natural Gas Company, Inc., an energy services company, distributes natural gas. It is also operates in the energy-related businesses, including regulated interstate natural gas transportation and storage; and regulated intrastate natural gas transportation. The company distributes natural gas through transmission pipelines and distribution mains. It serves approximately one million residential, commercial, and industrial customers, including power generation and municipal customers, located in North Carolina, South Carolina, and Tennessee. The company was founded in 1949 and is headquartered in Charlotte, North Carolina. Piedmont Natural Gas Co. Inc. operates as a subsidiary of Duke...

4720 Piedmont Row Drive

Charlotte, NC 28210

United States

Founded in 1949

1,934 Employees

Phone:

704-364-3120

Key Executives for Piedmont Natural Gas Co. Inc.

Chief Executive Officer and Director
Age: 56
Chief Financial Officer and Executive Vice President
Age: 58
Vice President of Engineering & Operation Services
Age: 49
Chief Risk Officer, Vice President and Treasurer
Age: 63
Chief Utility Operations Officer and Senior Vice President
Age: 59
Compensation as of Fiscal Year 2016.

Piedmont Natural Gas Co. Inc. Key Developments

Piedmont Natural Gas Opens New Fayetteville Facility; Plans to Relocate its Compressed Natural Gas Refueling Station to the Site from its Existing Wilkes Road Location

Piedmont Natural Gas announced the opening of a new Leadership in Energy & Environmental Design (LEED)-eligible facility to house Piedmont's customer contact center and resource center serving the Fayetteville area. In addition to the customer contact center and resource center, the new facility also includes space for training, a fabrication shop and warehouse. A 9,000-square-foot utility building and storage shed are also located on the site, and Piedmont plans to relocate a compressed natural gas (CNG) refueling station to the site from its existing Wilkes Road location. Piedmont intends to pursue LEED certification for the facility. For the Fayetteville project, Piedmont opted for the inherently more sustainable choice of renovating an existing structure rather than new construction, reusing and recycling building materials when possible and reducing raw material usage. Additional design elements that contribute to the project's sustainability include maximizing open space and preserving existing wetlands on the 18-acre site, using a natural gas-driven heat pump to reduce energy use, and incorporating energy-efficient fixtures to reduce water and electricity use.

North Carolina Utilities Commission Issues Order on Piedmont Natural Gas

The North Carolina Utilities Commission issued the order involving Piedmont Natural Gas on approving stipulation in Docket Nos. G-9, Subs 631 and 642 approving changes: In the matter of application of Piedmont Natural Gas Company Inc., for approval of annual adjustment of rates under appendix E of its service regulations. On February 14, 2017, in Docket Nos. G-9, Subs 642 and 697, the public staff filed a motion requesting that the Commission extend to March 1, 2017, the public staff's time to file a report regarding Piedmont's most recent IMR Report, filed by Piedmont on October 31, 2016, and extend Piedmont's time to respond to March 15, 2017. In summary, the public staff states that it has been working diligently on its report, but it needs additional time to finalize the report. Further, the public staff states that Piedmont does not object to the granting of the extensions of time. Based on the public staff's motion and the record, the Chairman finds good cause to extend the date for the public staff and other intervenors to file a report regarding Piedmont's most recent IMR Report to March 1, 2017, and to extend the date for Piedmont to file a response to March 15, 2017.

Piedmont Requests NYSE File With SEC Notification Or Removal From Listing And Registration On Form 25 To Effect Delisting Of Shares From NYSE

In connection with the closing of the Merger, Piedmont Natural Gas Co. Inc. notified the New York Stock Exchange (NYSE) on October 3, 2016 that articles of merger have been filed with the Secretary of State of the State of North Carolina and that, at the Effective Time, each Share issued and outstanding immediately prior to the Effective Time (excluding shares that are held by Duke Energy, Merger Sub or their respective wholly-owned subsidiaries) was converted into the right to receive $60.00 cash per Share, without interest (subject to any applicable withholding tax). As a result, it is expected that all Shares will be removed from trading on the NYSE following the close of trading on October 3, 2016. On October 3, 2016, Piedmont requested that the NYSE file with the SEC a notification or removal from listing and registration on Form 25 to effect the delisting of the Shares from the NYSE.

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