-- Facility will help Piedmont continue reliable service to
customers on the coldest days of the year
-- Robeson County estimated
to receive $800,000 to $1 million in annual tax revenue
CHARLOTTE, N.C., July 13, 2018 /PRNewswire/ -- Piedmont
Natural Gas today announced plans to build and operate a liquefied
natural gas (LNG) facility in Robeson
County, N.C. The facility will help Piedmont Natural Gas
continue providing customers with a reliable supply of natural gas
during peak usage days, when extremely low temperatures create a
higher-than-normal demand for natural gas.
"We continually make investments in our natural gas
infrastructure as part of our commitment to providing safe,
reliable and affordable natural gas for our customers,"
said Frank Yoho, president of natural gas operations. "This
facility is the most cost-effective solution to meet peak-day
demand."
Economic Benefits
The project will deliver immediate and significant economic
benefits to local communities and help drive economic growth. The
project is expected to create up to 400 local jobs during its two
years of construction and create 10 to 12 permanent jobs to manage
operations. The project will provide approximately $800,000 to $1
million annually in tax revenue to Robeson County, benefiting local services such
as health care, schools and emergency response.
"This project marks an important economic development
opportunity for our county, and we're looking forward to working
with Piedmont Natural Gas in an open, transparent manner
throughout this process," said Robeson
County Manager Ricky
Harris.
Project Details
The 1 billion-cubic-foot (Bcf) storage facility will cover
approximately 50 acres of a 685-acre piece of Piedmont-owned property. Construction is
expected to begin in the summer of 2019 with an estimated
completion date in the summer of 2021.
The project, estimated to cost approximately $250 million, will be the fourth LNG facility
Piedmont owns and operates. The
other facilities are located in Nashville, Tenn., Bentonville, N.C., and
Huntersville, N.C.
"Piedmont has safely operated
LNG facilities for more than 40 years," Yoho continued. "As always,
our commitment to safety will be unwavering throughout the
facility's construction process and its operation."
Visit piedmontng.com/robesonLNG for more information about this
project and updates as they become available.
Piedmont Natural Gas
Piedmont Natural Gas is an energy services company whose
principal business is the distribution of natural gas to more than
1 million residential, commercial and industrial customers, as well
as power plants, in North
Carolina, South Carolina
and Tennessee.
Piedmont is routinely
recognized by J.D. Power for excellent customer satisfaction, and
was named by Cogent Reports in 2017 as one of the most trusted
utility brands in the U.S.
Piedmont Natural Gas is a subsidiary of Duke Energy (NYSE:
DUK).
Headquartered in Charlotte,
N.C., Duke Energy is one of the largest energy holding
companies in the U.S., with approximately 29,000 employees and a
generating capacity of 49,500 megawatts. The company is
transforming its customers' experience, modernizing its energy
grid, generating cleaner energy and expanding its natural gas
infrastructure to create a smarter energy future for the people and
communities it serves.
A Fortune 125 company, Duke Energy was named to Fortune's 2018
"World's Most Admired Companies" list and Forbes' 2018 "America's
Best Employers" list.
More information about the company is available at
duke-energy.com. The Duke Energy News Center includes news
releases, fact sheets, photos, videos and other materials. Duke
Energy's illumination features stories about people, innovations,
community topics and environmental issues. Follow Duke Energy on
Twitter, LinkedIn, Instagram and Facebook.
Media contact: Loree Elswick
Office: 704.731.4236 I 24-hour: 877.348.3612
loree.elswick@duke-energy.com
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SOURCE Piedmont Natural Gas