PNY Piedmont Natural Gas Company, Inc.

CHARLOTTE, N.C., Feb. 26 /PRNewswire-FirstCall/ -- The Board of Directors of Piedmont Natural Gas today approved an increase in the Company's dividend for the 32nd consecutive year. At its regularly scheduled meeting, the Board declared a quarterly dividend on Common Stock of 28 cents per share, a 3.7 percent increase over the previous quarterly dividend of 27 cents per share. The increased dividend is payable April 15, 2010, to shareholders of record at the close of business on March 25, 2010. At today's annual meeting of shareholders, four members of the Board of Directors were re-elected: Jerry W. Amos, Frankie T. Jones, Vicki McElreath, and Thomas E. Skains. Shareholders also ratified the appointment of Deloitte & Touche LLP as the Company's auditors for 2010, and approved an amendment to the Company's Employee Stock Purchase Plan to increase the number of shares authorized for issuance under the plan. Conference Call Piedmont Natural Gas will conduct its 2010 first quarter conference call, broadcast live over the internet on Thursday, March 11, 2010 at 10:00 a.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 one 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 on the internet at http://www.piedmontng.com/. DATASOURCE: Piedmont Natural Gas CONTACT: Investors: Nick Giaimo, +1-704-731-4952,nick.giaimo@piedmontng.com, or Media: David Trusty, +1-704-731-4391,david.trusty@piedmontng.com Web Site: http://www.piedmontng.com/

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