NASHVILLE, Tenn., July 15, 2014 /PRNewswire/ -- Piedmont
Natural Gas (NYSE: PNY) officially opened its latest CNG fueling
station today in Nashville,
Tennessee. The new CNG station is the Company's tenth overall
and their second fueling station in Nashville. Piedmont
Senior Vice President and Chief Financial Officer, Karl Newlin, joined by Nashville Mayor Karl
Dean, celebrated the opening of the environmentally-friendly
CNG fueling station at an event held today at the site of the
station. The new facility is located at 541 Spence Lane in
South Nashville.
"With other public stations being developed, Piedmont is helping
to create CNG fueling corridors along the major interstates in our
service area," said Piedmont Chief Financial Officer Karl Newlin, who was present at the event.
"Already there are 11 customer owned stations in our territory with
5-7 more being planned."
Metropolitan Nashville Mayor,
Karl Dean, said, "Piedmont's newest
fueling station marks another important milestone in our efforts to
make Nashville one of the greenest
cities in the Southeast. Nashville
is supporting this initiative by purchasing the first compressed
natural gas vehicle in the Metro fleet, and these efforts,
together, are concrete steps toward a cleaner city and a legacy we
can build for future generations of Nashvillians."
Piedmont's Newlin further added that the Company is well along
in its plans to convert at least one-third of its more than 1,000
fleet vehicles, to CNG by the end of 2015. As the market for cars
and trucks using CNG continues to expand, Newlin expects CNG
volumes for transportation use to climb significantly.
"System-wide we expect to displace 2 million gasoline
gallon equivalents in 2014," estimated Newlin, "and we expect that
number will increase in coming years."
Along with remarks by Nashville
Mayor Karl Dean, Waste Management
Inc. Director of Business Development and Strategic Planning,
Robert Cheney, also spoke. That was
followed by a demonstration of the wide variety of vehicles to be
serviced at the facility, ranging from fleet cars and trucks to
street sweepers and semis. That includes one of Piedmont's fleet
cars, a natural gas powered Honda Civic recognized by the
Environmental Protection Agency as the cleanest, commercially
available, internal combustion vehicle now available.
The new Piedmont CNG facility is open to the public (credit card
purchases only). The present CNG fuel price is $2.19 per gallon.
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 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