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March 31, 2015 2:55 AM ET

Gas Utilities

Company Overview of Public Service Company of North Carolina, Incorporated

Company Overview

Public Service Company of North Carolina, Incorporated, together with its subsidiaries, is engaged in the purchase, sale, transportation, and distribution of natural gas to residential, commercial, and industrial customers in North Carolina, the United States. It also sells, installs, maintains, and repairs natural gas grills and logs, water and space heaters, outdoor fire products, and gas lights, as well as provides in-home energy audit services. The company distributes natural gas to approximately 489,000 customers in 96 cities and communities, including the Raleigh, Durham, and Chapel Hill areas in the north central part of North Carolina; the Concord, Statesville, Gastonia, and Forest C...

Building A

800 Gaston Road

Gastonia, NC 28056

United States

Founded in 1917

Key Executives for Public Service Company of North Carolina, Incorporated

Chairman, Chief Executive Officer, Chairman of SCANA Corporation , Chief Executive Officer of SCANA Corporation and President of SCANA Corporation
Age: 67
Chief Financial Officer of Carolina Electric & Gas Company and Senior Vice President of Carolina Electric & Gas Company
Age: 58
Senior Vice President, Assistant Secretary and General Counsel
Age: 76
Senior Vice President of Fuel Procurement & Asset Management
Age: 56
Senior Vice President of Human Resources
Age: 60
Compensation as of Fiscal Year 2014.

Public Service Company of North Carolina, Incorporated Key Developments

PSNC Energy Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

PSNC Energy announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. Reported earnings in the fourth quarter of 2014 were $23 million, or basic earnings per share of 16 cents, consistent with the fourth quarter of 2013. At year-end 2014, PSNC Energy was serving approximately 521,000 customers, an increase of 2.5% over the previous year. The company reported 2014 earnings of $55 million, or basic earnings per share of 39 cents, compared to $52 million, or basic earnings per share of 37 cents, in 2013. The increase is primarily attributable to increased margins due to customer growth.

PSNC Energy Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

PSNC Energy announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. The company reported a seasonal loss of $3 million, or 2 cents per share, compared to a loss of $4 million, or 3 cents per share for the same quarter of 2014. For the nine months, the company reported earnings per share of $0.23 compared to $0.21 a year ago.

Public Service Company of North Carolina, Incorporated Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Public Service Company of North Carolina, Incorporated announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported earnings of $2 million, or basic earnings per share of 1 cent, compared to breakeven results in the second quarter of 2013, due to increased gas margins from customer growth. For the six months, the company reported earnings per share of $0.25 compared to $0.24 for the same period a year ago.

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