CHARLOTTE, N.C., Jan. 22, 2014 /PRNewswire/ -- Piedmont
Natural Gas (NYSE: PNY) has filed for reductions in its
natural gas sales rates for customers in North Carolina and South Carolina. Last week's filings
before both the North Carolina Utilities Commission and the Public
Service Commission of South
Carolina reflect declines in the Company's wholesale natural
gas costs, which are passed through to customers on a dollar for
dollar basis. If approved by the respective commissions,
the new rates would go into effect on February 1, 2014 with residential customers
seeing a drop in their natural gas billing rates of 2
to 3 percent from current rates. The average Piedmont
Natural Gas residential customer in North
Carolina and South Carolina
would save from $4 to $6 over the
remaining winter months of February and March.
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, industrial and power generation utility
customers in portions of North
Carolina, South Carolina
and Tennessee, including customers
served by municipalities who are wholesale customers. Our
subsidiaries are invested in joint venture, energy-related
businesses, including unregulated retail natural gas marketing, and
regulated interstate natural gas transportation and storage, and
regulated intrastate natural gas transportation businesses. More
information about Piedmont Natural Gas is available on the Internet
at http://www.piedmontng.com/.
SOURCE Piedmont Natural Gas