PNY Piedmont Natural Gas Company, Inc.

CHARLOTTE, N.C., Dec. 18 /PRNewswire-FirstCall/ -- At its regular quarterly meeting of the Company's Board of Directors, Piedmont Natural Gas (NYSE:PNY) today announced the declaration of a quarterly dividend on Common Stock of 26 cents per share, payable January 15, 2009, to holders of record at the close of business on December 26, 2008. In keeping with its previously stated policy of announcing annual earnings concurrent with the filing of its SEC Form10-K, the Company announced that it will release 2008 year-end financial results on or before Monday, December 29, 2008. Conference Call Piedmont Natural Gas will conduct its 2008 fiscal year-end conference call, broadcast live over the Internet on Monday, January 5, 2009 at 2:30 p.m. Eastern Standard Time. Hosting the conference call will be Chairman, President and Chief Executive Officer Thomas E. Skains. Simply log on to the web at http://www.piedmontng.com/ and click on Investors, then on Presentations. The conference call will be archived on the website. 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 62,000 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 CONTACT: Investor inquiries, John Sutphin, +1-704-731-4314 or ; Media inquiries, David Trusty, +1-704-731-4391 or , both of Piedmont Natural Gas Web site: http://www.piedmontng.com/

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