Piedmont Natural Gas Projects Winter Heating Costs to Remain Flat for 2008-2009 Season
October 06 2008 - 11:56AM
PR Newswire (US)
Company also launching effort to highlight 'America's responsible
energy choice' CHARLOTTE, N.C., Oct. 6 /PRNewswire-FirstCall/ --
Piedmont Natural Gas Company (NYSE:PNY) today announced its annual
forecast of winter heating costs for customers in North Carolina,
South Carolina, and Tennessee. This year's forecast projects that
winter heating costs for 2008-2009 will remain flat compared with
last year's heating costs. The forecast is based on current price
projections for the winter period and assumes weather similar to
last year. The forecast notes that temperatures on average during
the 2007-2008 winter period were 6% warmer than normal. Colder
weather during the period could result in increased consumption of
natural gas and higher bills. Piedmont Natural Gas Chairman,
President, and CEO Thomas E. Skains commented, "Certainly, the
prospect of natural gas costs remaining flat for the coming winter
heating season is good news -- for our customers, for our economy
and for our communities. At a time when Americans across our
country are faced with economic uncertainty and challenge, are
concerned about energy costs and environmental issues and are
concerned about our energy security and dependence on foreign oil,
natural gas offers customers with a comfortable, responsible energy
choice." Mr. Skains continued, "In the coming months, we will be
reaching out to our customers to help them understand why we call
natural gas the responsible energy choice and how they can use it
more responsibly while enjoying all of its benefits." For those
customers who want to start learning more now, Piedmont's Web site,
http://www.piedmontng.com/ , is a great place to start. In addition
to a wealth of information on conservation tips and practices,
customers can also use self-service features to perform a variety
of tasks including viewing and paying their natural gas bill
online, enrolling in the company's Equal Payment Program,
requesting a payment arrangement, starting or stopping natural gas
service, viewing their account history over the previous 12 months
and enrolling in Piedmont's bank draft program or updating bank
draft information. 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 risks
and uncertainties 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, regulatory issues, economic and capital
market conditions, the cost and availability of natural gas,
weather conditions and other uncertainties, all of which are
difficult to predict and some of which are beyond our control. For
these reasons, you should not rely on these forward-looking
statements when making investment decisions. The words "expect,"
"believe," "project," "anticipate," "intend," "should," "could,"
"will," "assume," "can," "estimate," "forecast," "future,"
"indicate," "outlook," "plan," "predict," "seek," "target,"
"would," 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 except as required by applicable laws and regulations.
More information about the risks and uncertainties relating to
these forward-looking statements may be found in Piedmont's latest
Form 10-Q and its other filings with the SEC, which are available
on the SEC's Web site at http://www.sec.gov/. About Piedmont
Natural Gas Piedmont Natural Gas is an energy services company
primarily engaged in the distribution of natural gas to more than 1
million residential, commercial and industrial utility customers in
North Carolina, South Carolina and Tennessee, including 61,000
customers served by municipalities who are wholesale customers. Our
subsidiaries are invested in joint venture, energy-related
businesses, including unregulated retail natural gas marketing,
interstate natural gas storage and intrastate natural gas
transportation. More information about Piedmont Natural Gas is
available at http://www.piedmontng.com/ . DATASOURCE: Piedmont
Natural Gas Company CONTACT: David Trusty, +1-704-731-4391,
+1-704-507-6393, , Loree Elswick, +1-704-731-4091, +1-704-575-7693,
, both of Piedmont Natural Gas Company Web site:
http://www.piedmontng.com/
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